Turtle Creek Wealth Advisors LLC Raises Holdings in CocaCola Company (The) $KO

Turtle Creek Wealth Advisors LLC increased its stake in shares of CocaCola Company (The) (NYSE:KO) by 113.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,390 shares of the company’s stock after acquiring an additional 116,698 shares during the period. CocaCola comprises 0.9% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 26th largest position. Turtle Creek Wealth Advisors LLC’s holdings in CocaCola were worth $17,830,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Anfield Capital Management LLC grew its stake in shares of CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after purchasing an additional 294 shares during the period. Louisbourg Investments Inc. purchased a new stake in CocaCola during the first quarter worth $25,000. Headlands Technologies LLC acquired a new stake in CocaCola during the second quarter valued at $26,000. Evolution Wealth Management Inc. increased its holdings in CocaCola by 1,081.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after buying an additional 357 shares in the last quarter. Finally, Bard Associates Inc. acquired a new position in shares of CocaCola in the fourth quarter worth about $30,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Price Performance

Shares of CocaCola stock opened at $90.38 on Thursday. The stock has a market capitalization of $388.88 billion, a P/E ratio of 27.14, a PEG ratio of 3.10 and a beta of 0.33. The business has a 50 day simple moving average of $83.95 and a two-hundred day simple moving average of $80.19. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $90.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12.

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

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s payout ratio is 63.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KO. HSBC cut CocaCola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of CocaCola in a research note on Friday, July 31st. Morgan Stanley reiterated an “overweight” rating and set a $100.00 target price (up from $89.00) on shares of CocaCola in a research report on Wednesday, July 29th. Bank of America boosted their price target on shares of CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $93.00 price objective on shares of CocaCola in a research report on Wednesday, July 29th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.76.

Insider Buying and Selling at CocaCola

In related news, insider Sanket Ray sold 9,958 shares of CocaCola stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $86.50, for a total transaction of $861,367.00. Following the transaction, the insider owned 62,105 shares in the company, valued at approximately $5,372,082.50. This trade represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bruno Pietracci sold 75,727 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.65, for a total value of $6,788,925.55. Following the transaction, the insider directly owned 35,393 shares in the company, valued at $3,172,982.45. This trade represents a 68.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last three months, insiders have sold 1,433,535 shares of company stock valued at $121,922,698. 0.90% of the stock is owned by company insiders.

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.