Elevation Point Wealth Partners LLC Purchases 22,369 Shares of CocaCola Company (The) $KO

Elevation Point Wealth Partners LLC grew its position in shares of CocaCola Company (The) (NYSE:KO) by 102.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,286 shares of the company’s stock after buying an additional 22,369 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in CocaCola were worth $2,953,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of CocaCola by 1.7% in the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after purchasing an additional 6,241,163 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of CocaCola by 82.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock worth $3,296,000 after acquiring an additional 22,444 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of CocaCola by 2.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock worth $136,086,000 after acquiring an additional 57,407 shares during the period. Nicola Wealth Management LTD. raised its holdings in shares of CocaCola by 42.3% during the third quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock valued at $12,269,000 after purchasing an additional 55,000 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of CocaCola by 1.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock valued at $690,311,000 after purchasing an additional 198,886 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other news, EVP Monica Howard Douglas sold 23,880 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $77.37, for a total value of $1,847,595.60. Following the transaction, the executive vice president owned 17,725 shares of the company’s stock, valued at $1,371,383.25. This trade represents a 57.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nancy Quan sold 23,556 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the completion of the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at approximately $17,754,735. The trade was a 9.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 892,925 shares of company stock valued at $70,254,796. Company insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KO shares. Jefferies Financial Group dropped their target price on shares of CocaCola from $88.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. Truist Financial set a $85.00 price objective on CocaCola in a report on Wednesday, February 11th. Evercore reiterated an “outperform” rating and set a $85.00 price objective on shares of CocaCola in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. raised their target price on CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $84.40.

CocaCola Trading Down 0.4%

Shares of CocaCola stock opened at $77.34 on Friday. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $82.00. The company’s fifty day simple moving average is $75.64 and its 200-day simple moving average is $71.39. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25. The stock has a market capitalization of $332.60 billion, a PE ratio of 25.44, a P/E/G ratio of 3.24 and a beta of 0.35.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The firm had revenue of $11.82 billion during the quarter, compared to analyst estimates of $12.04 billion. During the same period in the prior year, the business posted $0.55 EPS. CocaCola’s revenue was up 2.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. As a group, equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.53 dividend. The ex-dividend date is Friday, March 13th. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a yield of 2.7%. CocaCola’s dividend payout ratio (DPR) is currently 67.11%.

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.