NEOS Investment Management LLC Grows Holdings in CocaCola Company (The) $KO

NEOS Investment Management LLC lifted its stake in CocaCola Company (The) (NYSE:KO) by 11.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 633,541 shares of the company’s stock after acquiring an additional 66,021 shares during the quarter. NEOS Investment Management LLC’s holdings in CocaCola were worth $51,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Eurizon SLJ Capital Ltd purchased a new stake in shares of CocaCola in the 4th quarter valued at $552,000. Banco Santander S.A. boosted its holdings in CocaCola by 3.1% during the 2nd quarter. Banco Santander S.A. now owns 1,090,758 shares of the company’s stock valued at $88,646,000 after acquiring an additional 32,723 shares during the period. King Luther Capital Management Corp grew its position in CocaCola by 0.8% in the 4th quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company’s stock valued at $269,330,000 after acquiring an additional 31,694 shares in the last quarter. Daymark Wealth Partners LLC increased its stake in CocaCola by 68.5% during the second quarter. Daymark Wealth Partners LLC now owns 218,199 shares of the company’s stock worth $17,733,000 after purchasing an additional 88,690 shares during the period. Finally, Cibc World Market Inc. lifted its position in shares of CocaCola by 4.8% during the fourth quarter. Cibc World Market Inc. now owns 1,759,546 shares of the company’s stock worth $123,010,000 after purchasing an additional 79,946 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other news, insider Bruno Pietracci sold 111,365 shares of CocaCola stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $90.93, for a total transaction of $10,126,419.45. Following the completion of the sale, the insider directly owned 41,365 shares of the company’s stock, valued at approximately $3,761,319.45. The trade was a 72.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanket Ray sold 9,958 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $5,372,082.50. The trade was a 13.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,050,604 shares of company stock worth $93,022,219. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KO shares. Evercore reissued an “outperform” rating and issued a $100.00 price objective on shares of CocaCola in a research note on Tuesday, July 28th. Wells Fargo & Company upped their target price on shares of CocaCola from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Argus raised their price target on shares of CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Truist Financial set a $88.00 price target on shares of CocaCola in a research report on Friday, June 26th. Finally, Barclays upped their price objective on CocaCola from $91.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.76.

CocaCola Stock Performance

Shares of CocaCola stock opened at $88.86 on Friday. The business has a 50-day simple moving average of $85.99 and a 200-day simple moving average of $81.13. 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 one year low of $65.35 and a one year high of $92.49. The company has a market cap of $382.32 billion, a PE ratio of 26.68, a P/E/G ratio of 3.44 and a beta of 0.34.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, beating 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 firm had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $13.17 billion. During the same quarter last year, the company earned $0.87 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities research analysts forecast that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola’s dividend payout ratio (DPR) is presently 63.66%.

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.