Spartan Wealth Advisory Services LLC Buys Shares of 58,853 CocaCola Company (The) $KO

Spartan Wealth Advisory Services LLC purchased a new position in shares of CocaCola Company (The) (NYSE:KO) in the first quarter, HoldingsChannel reports. The firm purchased 58,853 shares of the company’s stock, valued at approximately $4,476,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Paces Ferry Wealth Advisors LLC purchased a new stake in CocaCola during the 1st quarter worth about $347,000. Aviance Capital Partners LLC boosted its stake in shares of CocaCola by 2.8% in the 1st quarter. Aviance Capital Partners LLC now owns 25,646 shares of the company’s stock valued at $1,950,000 after buying an additional 692 shares during the period. Clifford Swan Investment Counsel LLC boosted its stake in shares of CocaCola by 0.8% in the 1st quarter. Clifford Swan Investment Counsel LLC now owns 118,662 shares of the company’s stock valued at $9,024,000 after buying an additional 884 shares during the period. Quadrant Private Wealth Management LLC grew its position in shares of CocaCola by 15.4% during the first quarter. Quadrant Private Wealth Management LLC now owns 11,465 shares of the company’s stock worth $878,000 after buying an additional 1,534 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its position in shares of CocaCola by 6.7% during the first quarter. Simon Quick Advisors LLC now owns 5,439 shares of the company’s stock worth $414,000 after buying an additional 341 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Truist Financial set a $88.00 target price on shares of CocaCola in a report on Friday, June 26th. TD Cowen boosted their price target on shares of CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Citigroup raised their price objective on shares of CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company lifted their price objective on shares of CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Finally, Sanford C. Bernstein set a $83.00 target price on shares of CocaCola in a research note on Thursday, July 9th. Fifteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.81.

Insider Transactions at CocaCola

In other news, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the completion of the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $18,074,096.90. The trade was a 12.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $80.13, for a total value of $34,960,398.48. Following the completion of the sale, the chairman directly owned 122,833 shares of the company’s stock, valued at approximately $9,842,608.29. This trade represents a 78.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 90 days, insiders have sold 899,905 shares of company stock worth $71,832,315. Corporate insiders own 0.90% of the company’s stock.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Heavy call-option activity suggests traders are positioning for a rebound or expecting volatility around the stock. Traders bought 75,333 call options, well above the recent average. Quiver Quant article on Coca-Cola options activity and cyberattack
• Neutral Sentiment: Some coverage noted KO benefiting from its defensive profile as investors look for more stable dividend names ahead of earnings, which may be helping support interest in the stock despite the cybersecurity issue. Benzinga article on Coca-Cola stock movement
• Neutral Sentiment: Coca-Cola also announced a quarterly dividend, reinforcing its appeal as a high-quality income stock, though this is unlikely to be the main driver of today’s trading.
• Negative Sentiment: The fairlife cyberattack is the key negative catalyst, since it hit a growth brand and temporarily suspended U.S. production, raising fears of lost revenue and added recovery costs. Reuters article on fairlife production halt

CocaCola Trading Down 4.0%

Shares of CocaCola stock opened at $81.50 on Friday. The company has a fifty day simple moving average of $81.25 and a 200-day simple moving average of $77.63. 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 stock has a market cap of $350.65 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 3.26 and a beta of 0.34.

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

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. CocaCola’s dividend payout ratio (DPR) is presently 66.67%.

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.