Coca-Cola Company (The) $KO Shares Bought by Trek Financial LLC

Trek Financial LLC raised its stake in Coca-Cola Company (The) (NYSE:KO) by 404.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 37,476 shares of the company’s stock after purchasing an additional 30,053 shares during the period. Trek Financial LLC’s holdings in Coca-Cola were worth $3,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Garrett Wealth Advisory Group LLC raised its stake in Coca-Cola by 1.7% during the third quarter. Garrett Wealth Advisory Group LLC now owns 6,274 shares of the company’s stock valued at $540,000 after buying an additional 107 shares in the last quarter. Lantern Wealth Advisors LLC lifted its holdings in Coca-Cola by 3.6% during the 2nd quarter. Lantern Wealth Advisors LLC now owns 3,316 shares of the company’s stock worth $270,000 after buying an additional 115 shares during the last quarter. New Wave Wealth Advisors LLC grew its position in shares of Coca-Cola by 4.4% in the 3rd quarter. New Wave Wealth Advisors LLC now owns 2,747 shares of the company’s stock worth $248,000 after acquiring an additional 116 shares in the last quarter. Gill Capital Partners LLC grew its position in shares of Coca-Cola by 4.1% in the 2nd quarter. Gill Capital Partners LLC now owns 2,992 shares of the company’s stock worth $243,000 after acquiring an additional 117 shares in the last quarter. Finally, Prosperitas Financial LLC increased its holdings in shares of Coca-Cola by 2.5% in the 3rd quarter. Prosperitas Financial LLC now owns 4,922 shares of the company’s stock valued at $424,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Key Headlines Impacting Coca-Cola

Here are the key news stories impacting Coca-Cola this week:

• Positive Sentiment: Pricing power is supporting margins. Coca-Cola has been passing higher costs on to consumers as inflation persists, demonstrating the strength of its brands and helping protect profitability. Coca-Cola Is Exercising its Pricing Power as Inflation Persists
• Positive Sentiment: New distribution wins add growth potential. Coca-Cola’s agreement to supply beverages to approximately 3,600 U.S. KFC restaurants beginning in 2027 gives the company additional volume and visibility in an important food-service channel. What Coca-Cola Holders Saw Early
• Positive Sentiment: Recent results reinforce the defensive investment case. Coca-Cola delivered quarterly EPS of $0.91 versus an $0.88 consensus estimate, while revenue rose 7.2% year over year to $13.35 billion. Analysts and investors also point to strong free-cash-flow margins, geographic diversification and a capital-light model that supports continued dividend growth. Coca-Cola Delivers Strong Growth – But is KO Stock Undervalued?
• Neutral Sentiment: Valuation may limit near-term upside. KO trades at approximately 28 times expected earnings, well above UPS at about 15 times, although Coca-Cola offers greater stability and a long record of dividend increases. The premium valuation means further gains likely depend on continued volume growth, successful new contracts and sustained earnings execution. Coca-Cola vs. UPS

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KO shares. The Goldman Sachs Group reissued a “neutral” rating and set a $86.00 price target (up from $82.00) on shares of Coca-Cola in a research report on Tuesday, July 28th. Rothschild & Co Redburn raised their price objective on Coca-Cola from $86.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Argus lifted their price objective on shares of Coca-Cola from $91.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. TD Cowen boosted their target price on shares of Coca-Cola from $100.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Finally, Morgan Stanley increased their target price on shares of Coca-Cola from $100.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $97.26.

Coca-Cola Stock Performance

Shares of KO stock opened at $95.93 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.38 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average of $89.57 and a two-hundred day moving average of $82.20. Coca-Cola Company has a 52 week low of $67.27 and a 52 week high of $96.26. The company has a market cap of $412.70 billion, a P/E ratio of 28.22, a PEG ratio of 3.52 and a beta of 0.32.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $13.35 billion during the quarter, compared to analyst estimates of $12.92 billion. Coca-Cola had a return on equity of 38.79% and a net margin of 28.65%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. As a group, analysts anticipate that Coca-Cola Company will post 3.34 EPS for the current year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors 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 2.2%. Coca-Cola’s payout ratio is currently 62.35%.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 50,000 shares of the stock in a transaction 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 sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $20,186,798.70. This trade represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a filing 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 the 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 completion of the sale, the insider directly owned 41,365 shares in the company, valued at $3,761,319.45. This represents a 72.92% 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. Insiders sold 171,323 shares of company stock worth $15,507,286 in the last 90 days. 0.90% of the stock is currently owned by company insiders.

About Coca-Cola

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.