NewEdge Advisors LLC Acquires 61,210 Shares of CocaCola Company (The) $KO

Key Points

• NewEdge Advisors increased its Coca-Cola stake by 11.3% in the second quarter, acquiring 61,210 shares for a total of 601,604 shares valued at approximately $48.9 million. Institutional investors collectively own 70.26% of the stock.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $95.76. Coca-Cola also exceeded quarterly earnings and revenue estimates, reporting $0.97 in EPS and $13.37 billion in revenue.
• Coca-Cola declared a quarterly dividend of $0.53 per share, equivalent to an annualized $2.12 payout and a 2.4% yield. Meanwhile, Chairman James Quincey and CFO John Murphy sold shares under pre-arranged plans to cover tax obligations tied to equity awards.

NewEdge Advisors LLC lifted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 601,604 shares of the company's stock after acquiring an additional 61,210 shares during the period. NewEdge Advisors LLC's holdings in CocaCola were worth $48,892,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after purchasing an additional 4,591 shares during the period. Revolve Wealth Partners LLC grew its position in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after purchasing an additional 293 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of CocaCola in the first quarter worth $210,000. Jump Financial LLC increased its holdings in shares of CocaCola by 450.5% in the second quarter. Jump Financial LLC now owns 39,583 shares of the company's stock worth $2,800,000 after purchasing an additional 32,392 shares during the period. Finally, Osterweis Capital Management Inc. raised its position in shares of CocaCola by 548.2% in the second quarter. Osterweis Capital Management Inc. now owns 1,063 shares of the company's stock worth $75,000 after buying an additional 899 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KO has been the subject of several research analyst reports. Argus lifted their price objective on CocaCola from $91.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Piper Sandler upped their target price on CocaCola from $88.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $93.00 price target on shares of CocaCola in a report on Wednesday, July 29th. Truist Financial set a $88.00 price target on CocaCola in a research report on Friday, June 26th. Finally, Seaport Research Partners set a $95.00 price objective on CocaCola in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.76.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Higher FY2027 earnings estimate: Zacks Research raised its forecast for Coca-Cola’s fiscal 2027 earnings to $3.52 per share from $3.51. Although the increase is modest, it reinforces expectations for continued earnings growth beyond the company’s current-year consensus estimate of $3.29. Zacks Research raises Coca-Cola FY2027 earnings estimate
• Positive Sentiment: Dividend durability supports the defensive case: Coca-Cola has reportedly increased its dividend for 64 consecutive years, strengthening its appeal to income-oriented investors. Its established brands, pricing power and global distribution also position the company as a potential hedge against inflation and a weaker dollar. Coca-Cola’s 64-year dividend increase Coca-Cola as a pricing-power stock
• Positive Sentiment: Management investor presentation: Coca-Cola presented at Barclays’ Global Consumer Staples Conference, giving investors an updated view of strategy and operating priorities. The supplied report does not identify a new guidance change or specific catalyst. Coca-Cola Barclays conference transcript
• Neutral Sentiment: Premiumization strategy: Coca-Cola is using pricing, packaging variety and brand strength to sell higher-value products while retaining affordable options. The approach could lift revenue and margins, but investors will monitor whether higher prices weaken demand. Coca-Cola’s premiumization strategy
• Neutral Sentiment: Competitive and historical coverage: Articles comparing Coca-Cola with PepsiCo highlight ongoing competition for consumer spending and dividend investors. A report on former executive Brian Dyson’s death is historical and is unlikely to affect current fundamentals. Pepsi versus Coca-Cola comparison Brian Dyson obituary

Insiders Place Their Bets

In other CocaCola news, Chairman James Quincey sold 145,947 shares of CocaCola stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $90.09, for a total transaction of $13,148,365.23. Following the transaction, the chairman directly owned 122,833 shares of the company's stock, valued at approximately $11,066,024.97. This trade represents a 54.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John Murphy sold 152,483 shares of the business's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the completion of the sale, the chief financial officer owned 279,917 shares of the company's stock, valued at approximately $24,439,553.27. The trade was a 35.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 926,620 shares of company stock valued at $83,075,714 over the last 90 days. Company insiders own 0.90% of the company's stock.

CocaCola Trading Down 0.9%

NYSE KO opened at $87.53 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The stock's 50-day simple moving average is $86.47 and its two-hundred day simple moving average is $81.38. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $92.49. The company has a market capitalization of $376.59 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 3.44 and a beta of 0.34.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. The firm had revenue of $13.37 billion during the quarter, compared to analysts' expectations of $13.17 billion. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The company's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Research analysts forecast that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. CocaCola's payout ratio is presently 63.66%.

CocaCola Profile

The Coca-Cola Company NYSE: KO is a global beverage company best known for its Coca-Cola soft drink, which was first introduced in 1886. The company was incorporated in 1892 and has grown into one of the world's largest beverage businesses.

Its portfolio includes sparkling soft drinks such as Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite and Fanta, along with water, sports drinks, coffee, tea, juice and dairy-based beverages. Other brands associated with the company include Dasani, smartwater, Powerade, Minute Maid, Simply, Costa Coffee, fairlife and Topo Chico.

The Coca-Cola Company primarily develops, owns and markets beverage brands, while relying on a global network of independent bottling partners and distributors to manufacture, package and deliver many of its products.

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