SteelPeak Wealth LLC Purchases 93,132 Shares of CocaCola Company (The) $KO

SteelPeak Wealth LLC boosted its holdings in CocaCola Company (The) (NYSE:KO) by 103.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,944 shares of the company’s stock after purchasing an additional 93,132 shares during the period. SteelPeak Wealth LLC’s holdings in CocaCola were worth $14,003,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in 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 buying an additional 293 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in CocaCola during the 1st quarter valued at about $210,000. Jump Financial LLC increased its position in shares of CocaCola by 450.5% during the second quarter. Jump Financial LLC now owns 39,583 shares of the company’s stock valued at $2,800,000 after buying an additional 32,392 shares during the period. Finally, Osterweis Capital Management Inc. increased its position in shares of CocaCola by 548.2% during the second quarter. Osterweis Capital Management Inc. now owns 1,063 shares of the company’s stock valued at $75,000 after buying an additional 899 shares during the period. Institutional investors own 70.26% of the company’s stock.

Trending Headlines about CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola declared a quarterly dividend of $0.53 per share, reinforcing its status as a reliable income stock with a long history of annual payout growth.
• Positive Sentiment: Investor sentiment remains supportive as recent coverage highlighted Coca-Cola’s strong cash generation, broad portfolio, and ongoing outperformance versus the broader market.
• Positive Sentiment: News about Coca-Cola advancing an Africa bottling deal and expanding beyond soft drinks suggests continued growth opportunities outside its core beverage business.
• Positive Sentiment: The company’s World Cup-related packaging initiative and other brand-building efforts may support long-term sales and marketing momentum.
• Neutral Sentiment: Several recent articles focused on valuation, dividend yield, and comparisons with peers, which may keep KO in focus but do not directly change fundamentals.
• Neutral Sentiment: Analyst-style commentary continues to view Coca-Cola as a high-quality defensive holding, with steady earnings expectations and strong market interest.
• Negative Sentiment: Coca-Cola said a cyberattack hit its fairlife subsidiary and forced it to halt U.S. production, raising concerns about operational disruption and potential near-term cost or supply impacts.
• Negative Sentiment: Reports of the ransomware incident also pressured the stock in after-hours trading, as investors reacted to the possibility of production delays and business interruption.

Insider Transactions at CocaCola

In other news, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the sale, the executive vice president owned 223,330 shares in the company, valued at approximately $18,074,096.90. This trade represents a 12.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 436,296 shares of CocaCola stock in a transaction on Friday, June 5th. The stock was sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the sale, the chairman directly owned 122,833 shares of the company’s stock, valued at $9,842,608.29. This represents a 78.03% 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. Insiders have sold 899,905 shares of company stock valued at $71,832,315 in the last quarter. Insiders own 0.90% of the company’s stock.

CocaCola Stock Performance

Shares of KO opened at $84.80 on Friday. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $85.68. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The company has a market cap of $364.86 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 3.29 and a beta of 0.34. The stock has a 50-day moving average price of $81.18 and a 200-day moving average price of $77.60.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. CocaCola’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, equities analysts forecast that CocaCola Company will post 3.26 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.5%. CocaCola’s dividend payout ratio is presently 66.67%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KO. UBS Group increased their price target on shares of CocaCola from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America upped their target price on shares of CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, July 10th. JPMorgan Chase & Co. increased their target price on shares of CocaCola from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Weiss Ratings raised shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company boosted their price target on shares of CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Fifteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, CocaCola presently has an average rating of “Moderate Buy” and an average target price of $88.81.

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.