Proficio Capital Partners LLC Buys Shares of 19,029 CocaCola Company (The) $KO

Key Points

• Proficio Capital Partners initiated a Coca-Cola position by purchasing 19,029 shares worth approximately $1.55 million. Institutional investors collectively own 70.26% of the company.
• Coca-Cola exceeded quarterly expectations, reporting $0.97 in EPS versus the $0.93 consensus and $13.37 billion in revenue, up 6.2% year over year. The company also declared a quarterly dividend of $0.53 per share, yielding about 2.4% annually.
• Analysts remain positive, with 15 Buy ratings and three Holds and a consensus price target of $95.76. Shares recently opened at $87.95, while insiders have sold approximately $136.6 million of stock over the past 90 days.

Proficio Capital Partners LLC bought a new stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,029 shares of the company's stock, valued at approximately $1,546,000.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its holdings in CocaCola by 1.2% in the 4th quarter. State Street Corp now owns 167,850,330 shares of the company's stock worth $11,734,417,000 after buying an additional 1,992,327 shares in the last quarter. Geode Capital Management LLC raised its position in CocaCola by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company's stock worth $6,273,037,000 after buying an additional 433,547 shares during the last quarter. Norges Bank bought a new position in CocaCola during the 4th quarter valued at about $3,865,807,000. Bank of America Corp DE lifted its stake in CocaCola by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 45,958,636 shares of the company's stock valued at $3,735,058,000 after acquiring an additional 1,939,673 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of CocaCola by 3.1% during the 4th quarter. Franklin Resources Inc. now owns 40,289,857 shares of the company's stock valued at $2,816,697,000 after acquiring an additional 1,195,581 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

CocaCola Trading Down 0.8%

CocaCola stock opened at $87.95 on Wednesday. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $92.49. The company has a market cap of $378.41 billion, a P/E ratio of 26.41, a P/E/G ratio of 3.10 and a beta of 0.34. 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 business has a 50-day simple moving average of $85.66 and a two-hundred day simple moving average of $81.00.

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

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders 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 annualized dividend and a yield of 2.4%. CocaCola's dividend payout ratio (DPR) is presently 63.66%.

Insider Buying and Selling at CocaCola

In related news, insider Bruno Pietracci sold 111,365 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the transaction, the insider directly owned 41,365 shares of the company's stock, valued at approximately $3,761,319.45. This trade represents a 72.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 100,000 shares of CocaCola stock in a transaction on Monday, June 8th. The shares were sold at an average price of $79.46, for a total value of $7,946,000.00. Following the transaction, the executive vice president owned 181,384 shares in the company, valued at $14,412,772.64. This trade represents a 35.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last ninety days, insiders have sold 1,594,900 shares of company stock worth $136,568,617. Insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KO. Citigroup lifted their price target on shares of CocaCola from $97.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. TD Cowen raised their target price on shares of CocaCola from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their target price on shares of CocaCola from $87.00 to $96.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Jefferies Financial Group boosted their target price on shares of CocaCola from $95.00 to $104.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Finally, Piper Sandler boosted their target price on shares of CocaCola from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, CocaCola has an average rating of "Moderate Buy" and a consensus target price of $95.76.

About CocaCola

The Coca‑Cola Company NYSE: KO is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

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