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

Elevation Point Wealth Partners LLC grew its holdings in CocaCola Company (The) (NYSE:KO) by 102.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,286 shares of the company’s stock after purchasing an additional 22,369 shares during the period. Elevation Point Wealth Partners LLC’s holdings in CocaCola were worth $2,953,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in CocaCola by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 368,885,160 shares of the company’s stock valued at $24,464,464,000 after buying an additional 1,443,189 shares in the last quarter. Norges Bank bought a new stake in CocaCola during the 2nd quarter valued at $3,846,270,000. Franklin Resources Inc. lifted its position in shares of CocaCola by 15.1% during the third quarter. Franklin Resources Inc. now owns 39,094,276 shares of the company’s stock worth $2,592,732,000 after acquiring an additional 5,135,198 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of CocaCola by 2.8% in the third quarter. Legal & General Group Plc now owns 28,051,787 shares of the company’s stock worth $1,860,395,000 after acquiring an additional 770,235 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of CocaCola by 5.5% in the third quarter. Invesco Ltd. now owns 26,721,843 shares of the company’s stock worth $1,772,193,000 after acquiring an additional 1,393,760 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $77.37, for a total value of $1,847,595.60. Following the completion of the transaction, the executive vice president directly owned 17,725 shares in the company, valued at $1,371,383.25. This trade represents a 57.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Murphy sold 99,437 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $80.42, for a total transaction of $7,996,723.54. Following the sale, the chief financial officer directly owned 410,550 shares in the company, valued at $33,016,431. The trade was a 19.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 892,925 shares of company stock worth $70,254,796 over the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on KO shares. Citigroup boosted their price objective on CocaCola from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada set a $87.00 target price on shares of CocaCola in a report on Wednesday, February 11th. UBS Group lifted their price target on CocaCola from $82.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Jefferies Financial Group dropped their price objective on shares of CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Finally, TD Cowen reaffirmed a “buy” rating on shares of CocaCola in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $84.40.

CocaCola Price Performance

KO opened at $77.34 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46. The stock has a market capitalization of $332.60 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 3.24 and a beta of 0.35. The stock’s 50 day moving average price is $75.64 and its 200-day moving average price is $71.39. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $82.00.

CocaCola (NYSE:KO) last posted its earnings results 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 net margin of 27.34% and a return on equity of 41.31%. The firm had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $12.04 billion. During the same period last year, the company posted $0.55 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. On average, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s payout ratio is currently 67.11%.

CocaCola 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.