Vest Financial LLC Lowers Stock Position in CocaCola Company (The) $KO

Vest Financial LLC trimmed its holdings in CocaCola Company (The) (NYSE:KO) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 788,123 shares of the company’s stock after selling 59,735 shares during the quarter. Vest Financial LLC’s holdings in CocaCola were worth $64,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KO. Beta Wealth Group Inc. grew its position in CocaCola by 4.1% during the 2nd quarter. Beta Wealth Group Inc. now owns 7,621 shares of the company’s stock worth $619,000 after purchasing an additional 299 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in CocaCola by 10.5% in the second quarter. Bank Pictet & Cie Europe AG now owns 28,070 shares of the company’s stock valued at $2,281,000 after purchasing an additional 2,664 shares during the period. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of CocaCola in the second quarter valued at about $192,000. Nicholas Wealth LLC. raised its holdings in shares of CocaCola by 3.4% in the second quarter. Nicholas Wealth LLC. now owns 18,467 shares of the company’s stock valued at $1,501,000 after buying an additional 610 shares during the last quarter. Finally, Aventus Investment Advisors Inc. boosted its stake in shares of CocaCola by 137.9% during the second quarter. Aventus Investment Advisors Inc. now owns 666 shares of the company’s stock worth $54,000 after buying an additional 386 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

NYSE KO opened at $86.99 on Tuesday. The stock has a market capitalization of $374.28 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.06 and a beta of 0.33. The business’s 50 day moving average is $83.66 and its two-hundred day moving average is $79.95. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $90.92. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97.

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

CocaCola Dividend Announcement

The firm also recently disclosed 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 is presently 63.66%.

Insider Buying and Selling

In other news, insider Sanket Ray sold 9,958 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $86.50, for a total transaction of $861,367.00. Following the transaction, the insider directly owned 62,105 shares of the company’s stock, valued at $5,372,082.50. This represents a 13.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer K. Mann sold 23,984 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $83.41, for a total transaction of $2,000,505.44. Following the completion of the transaction, the executive vice president owned 157,400 shares of the company’s stock, valued at $13,128,734. This represents a 13.22% decrease in their position. 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. Insiders have sold 1,433,535 shares of company stock valued at $121,922,698 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KO. Piper Sandler increased their price objective on CocaCola from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Bank of America increased their price target on CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $93.00 price objective on shares of CocaCola in a research report on Wednesday, July 29th. HSBC cut shares of CocaCola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Truist Financial set a $88.00 target price on shares of CocaCola in a research note on Friday, June 26th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.76.

CocaCola Company Profile

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.