Mid American Wealth Advisory Group Inc. Sells 7,873 Shares of CocaCola Company (The) $KO

Mid American Wealth Advisory Group Inc. lowered its stake in CocaCola Company (The) (NYSE:KO) by 33.7% during the 2nd quarter, Holdings Channel reports. The firm owned 15,475 shares of the company’s stock after selling 7,873 shares during the quarter. Mid American Wealth Advisory Group Inc.’s holdings in CocaCola were worth $1,258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Eurizon SLJ Capital Ltd purchased a new position in shares of CocaCola in the 4th quarter worth $552,000. Banco Santander S.A. raised its position in shares of CocaCola by 3.1% during the 2nd quarter. Banco Santander S.A. now owns 1,090,758 shares of the company’s stock valued at $88,646,000 after buying an additional 32,723 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of CocaCola by 0.8% during the 4th quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company’s stock valued at $269,330,000 after buying an additional 31,694 shares in the last quarter. Daymark Wealth Partners LLC lifted its holdings in shares of CocaCola by 68.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 218,199 shares of the company’s stock valued at $17,733,000 after acquiring an additional 88,690 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in CocaCola by 4.8% in the fourth quarter. Cibc World Market Inc. now owns 1,759,546 shares of the company’s stock worth $123,010,000 after acquiring an additional 79,946 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

KO stock opened at $88.05 on Friday. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $92.49. The firm has a market cap of $378.84 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.43 and a beta of 0.34. The business’s fifty day simple moving average is $86.10 and its two-hundred day simple moving average is $81.18. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97.

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

CocaCola Dividend Announcement

The business 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. This represents a $2.12 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s payout ratio is 63.66%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KO. Truist Financial set a $88.00 price objective on CocaCola in a research note on Friday, June 26th. Royal Bank Of Canada raised their price objective on CocaCola from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Piper Sandler boosted their target price on CocaCola from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their target price on CocaCola from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Barclays raised their price target on CocaCola from $91.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.76.

Trending Headlines about CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola remains attractive to income-focused investors after extending its dividend-growth streak to 64 consecutive years. Its global brands and pricing power are viewed as defenses against inflation and a weaker dollar. Safety Stocks Are Not What They Used to Be: 4 Names Built for a Weaker Dollar
• Positive Sentiment: Recent operating momentum remains supportive: second-quarter net revenue increased about 7% to $13.38 billion, organic revenue rose 6%, global unit case volume grew 5%, and comparable operating margin expanded to 35.6%. Management also raised full-year guidance in July. Safety Stocks Are Not What They Used to Be: 4 Names Built for a Weaker Dollar
• Neutral Sentiment: Analysts continue to treat KO as a highly defensive consumer-staples holding, with its stable demand and dividend history compared favorably with PepsiCo. However, the stock’s roughly 26% year-to-date gain has made valuation a more important part of the investment case. PepsiCo vs. Coca-Cola: Which Stock Has the Edge?
• Negative Sentiment: Valuation concerns are becoming more prominent near the stock’s highs. Commentary has cited a forward P/E around 25.7 times, a modest dividend yield, and limited upside relative to several analyst price targets. Investors are also watching potential volume pressure from nutrition-program restrictions. Coca-Cola Stock Opinions on Recent Highs and Valuation Concerns
• Negative Sentiment: Quiver Quantitative data shows 24 insider sales and no insider purchases over the past six months. While such transactions may reflect compensation or diversification, the imbalance can reinforce profit-taking concerns after the strong rally. Coca-Cola Stock Opinions on Recent Highs and Valuation Concerns

Insiders Place Their Bets

In related news, EVP Nancy Quan sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total value of $4,519,500.00. Following the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $20,186,798.70. This represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 CocaCola stock in a transaction on Friday, July 31st. The shares were sold at an average price of $87.31, for a total value of $13,313,290.73. Following the sale, the chief financial officer directly owned 279,917 shares of the company’s stock, valued at approximately $24,439,553.27. This trade represents a 35.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 1,050,604 shares of company stock worth $93,022,219. 0.90% of the stock is owned by company insiders.

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.