CocaCola Company (The) $KO Shares Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its position in CocaCola Company (The) (NYSE:KO) by 23.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 177,528 shares of the company’s stock after buying an additional 34,103 shares during the quarter. SteelPeak Wealth LLC’s holdings in CocaCola were worth $15,374,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Auto Owners Insurance Co boosted its stake in CocaCola by 10,842.4% during the fourth quarter. Auto Owners Insurance Co now owns 4,781,844 shares of the company’s stock valued at $33,430,000 after buying an additional 4,738,144 shares during the last quarter. Bank of America Corp DE grew its holdings in CocaCola by 9.5% during the 1st quarter. Bank of America Corp DE now owns 44,018,963 shares of the company’s stock valued at $3,347,642,000 after buying an additional 3,836,640 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in CocaCola by 1,763.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,383,332 shares of the company’s stock valued at $257,302,000 after buying an additional 3,201,742 shares in the last quarter. Wellington Management Group LLP grew its holdings in CocaCola by 9.2% during the 2nd quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company’s stock valued at $2,361,198,000 after buying an additional 2,439,026 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt bought a new stake in CocaCola in the 2nd quarter worth approximately $197,470,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Up 1.9%

Shares of NYSE:KO opened at $93.72 on Friday. 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 Company has a 12 month low of $67.27 and a 12 month high of $94.10. The company has a 50-day moving average price of $88.47 and a 200 day moving average price of $83.34. The company has a market cap of $403.23 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 3.65 and a beta of 0.32.

CocaCola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. The company had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a return on equity of 39.38% and a net margin of 28.56%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities research analysts predict that CocaCola Company will post 3.30 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. CocaCola’s dividend payout ratio is 63.66%.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: KFC switches from Pepsi to Coca-Cola: KFC will replace PepsiCo beverages with Coca-Cola products at its U.S. restaurants next year, ending a relationship that began in 1986. The high-profile contract should provide incremental fountain volume, strengthen Coca-Cola’s North American position and pressure PepsiCo. KFC to switch to Coca-Cola beverages in U.S. restaurants
• Positive Sentiment: Analyst support: UBS reaffirmed its Buy rating, while Jefferies maintained a Buy rating and Barclays reportedly raised its price target. Analysts view the KFC win as evidence of improving competitive momentum in North America. Jefferies maintains Coca-Cola Buy rating
• Positive Sentiment: Rotation into defensive stocks: Coca-Cola, Visa and Mastercard reached records as investors rotated away from chip and artificial-intelligence stocks. KO’s low-beta profile and dependable cash flows make it a potential beneficiary if technology-market volatility increases. Coca-Cola, Visa and Mastercard hit records
• Positive Sentiment: Strong brand and product execution: Coca-Cola Zero Sugar volume grew 16% in the second quarter, outpacing 5% growth for the broader Coca-Cola trademark. Localized pricing, marketing and product strategies are also supporting global consumer engagement. How Coca-Cola is using local execution to fuel global growth
• Neutral Sentiment: Dividend remains a support: Coca-Cola declared a quarterly dividend of $0.53 per share, or $2.12 annualized, representing an indicated yield of about 2.3%. The payout reinforces KO’s income appeal, although the stock’s elevated valuation limits the margin of safety.
• Negative Sentiment: Valuation and growth questions: At roughly 28 times earnings, investors are paying a premium for a mature company. The Zero Sugar gains may partly reflect consumers switching among Coca-Cola products rather than creating entirely new demand, which could limit the long-term earnings benefit. Is Zero Sugar creating new demand or shifting existing sales?

Analyst Ratings Changes

KO has been the topic of several recent research reports. Evercore reaffirmed an “outperform” rating and set a $100.00 price objective (up from $88.00) on shares of CocaCola in a report on Tuesday, July 28th. Sanford C. Bernstein reiterated a “market perform” rating and set a $93.00 target price (up from $83.00) on shares of CocaCola in a research report on Wednesday, July 29th. Bank of America raised their target price on shares of CocaCola from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Truist Financial set a $88.00 target price on shares of CocaCola in a report on Friday, June 26th. Finally, Jefferies Financial Group upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CocaCola has a consensus rating of “Moderate Buy” and a consensus price target of $96.27.

Insiders Place Their Bets

In other news, CFO John Murphy sold 152,483 shares of the firm’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 value of $13,313,290.73. Following the completion of the sale, the chief financial officer directly owned 279,917 shares of the company’s stock, valued at $24,439,553.27. This trade represents a 35.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Bruno Pietracci sold 111,365 shares of CocaCola stock in a transaction that occurred 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 completion of the transaction, the insider 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 926,620 shares of company stock worth $83,075,714. 0.90% of the stock is currently owned by company insiders.

CocaCola Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.

The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.

The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.