CocaCola Company (The) $KO Shares Acquired by Legacy Wealth Asset Management LLC

by · The Markets Daily

Legacy Wealth Asset Management LLC raised its stake in CocaCola Company (The) (NYSE:KO – Free Report) by 96.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,762 shares of the company’s stock after buying an additional 12,177 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in CocaCola were worth $2,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in CocaCola by 1.2% during the 4th quarter. State Street Corp now owns 167,850,330 shares of the company’s stock worth $11,734,417,000 after acquiring an additional 1,992,327 shares during the last quarter. Bank of America Corp DE boosted its position in shares of CocaCola by 4.4% during the second quarter. Bank of America Corp DE now owns 45,958,636 shares of the company’s stock worth $3,735,058,000 after purchasing an additional 1,939,673 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CocaCola by 0.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,354,414 shares of the company’s stock worth $2,954,523,000 after purchasing an additional 162,097 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of CocaCola by 9.2% in the 2nd quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company’s stock valued at $2,361,198,000 after buying an additional 2,439,026 shares during the period. Finally, Invesco Ltd. increased its position in shares of CocaCola by 6.7% in the 4th quarter. Invesco Ltd. now owns 28,520,214 shares of the company’s stock valued at $1,993,848,000 after buying an additional 1,798,371 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Up 2.2%

Shares of CocaCola stock opened at $87.73 on Friday. The firm has a market cap of $377.48 billion, a PE ratio of 26.35, a P/E/G ratio of 3.34 and a beta of 0.32. The business’s 50 day simple moving average is $88.00 and its 200 day simple moving average is $82.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30. CocaCola Company has a 52-week low of $66.00 and a 52-week high of $92.49.

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

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.12 annualized dividend and a yield of 2.4%. CocaCola’s payout ratio is 63.66%.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

  • Positive Sentiment: Strong volume growth and higher outlook support the bullish case. Coca-Cola’s recent results included approximately 5% volume growth, improved pricing and margins, while the company has raised its outlook and exceeded earnings expectations in recent quarters. Its latest reported quarter also beat estimates on both earnings and revenue. Coca-Cola Raises Its Outlook
  • Positive Sentiment: Potential earnings growth could drive additional appreciation. One analysis argues that expanding earnings may lift KO toward $100 before 2028, implying further upside if the company delivers on its growth projections and FY 2026 EPS guidance of $3.27–$3.30. Prediction: Earnings Growth Will Push Coca-Cola Stock to $100
  • Positive Sentiment: Institutional buying and product innovation add support. Diversified Management more than doubled its KO position in the third quarter, while new zero-sugar, prebiotic and flavored soda offerings could help Coca-Cola respond to changing consumer preferences. Diversified Management Acquires Coca-Cola Shares
  • Neutral Sentiment: Costa Coffee may be sold again. Reports that Coca-Cola is exploring a sale of Costa could indicate a portfolio reshaping or a focus on higher-return beverage brands, but deal terms, timing and the effect on earnings remain unclear. Coca-Cola Looks to Sell Costa Coffee
  • Negative Sentiment: Valuation leaves less room for disappointment. KO trades around 26 times earnings and above its historical valuation averages. Analysts note that much of the recent volume and execution strength may already be reflected in the share price. Is Coca-Cola’s Safety Premium Getting Too Expensive?
  • Negative Sentiment: Some analysts remain cautious. A bearish earnings preview cited elevated valuation and insider selling as reasons to maintain a “Sell” view, potentially weighing on upside despite Coca-Cola’s defensive qualities. Coca-Cola Earnings Preview

Insider Activity

In other news, insider Sanket Ray sold 9,958 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the transaction, the insider owned 62,105 shares in the company, valued at $5,372,082.50. This trade represents a 13.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nancy Quan sold 50,000 shares of CocaCola stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total value of $4,519,500.00. Following the completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at approximately $20,186,798.70. This represents a 18.29% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 926,620 shares of company stock worth $83,075,714. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on CocaCola from $95.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Royal Bank Of Canada increased their price target on CocaCola from $87.00 to $96.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. CICC Research lifted their price objective on CocaCola from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Seaport Research Partners set a $95.00 price objective on CocaCola in a research report on Friday, August 14th. Finally, Truist Financial set a $88.00 target price on shares of CocaCola in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, CocaCola has an average rating of “Moderate Buy” and a consensus price target of $95.95.

View Our Latest Research Report on CocaCola

About CocaCola

(Free Report)

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company’s best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.

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