Elevation Point Wealth Partners LLC Grows Position in CocaCola Company (The) $KO

Elevation Point Wealth Partners LLC grew its position in CocaCola Company (The) (NYSE:KO) by 376.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,522 shares of the company’s stock after purchasing an additional 238,978 shares during the period. Elevation Point Wealth Partners LLC’s holdings in CocaCola were worth $23,145,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its position in CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after acquiring an additional 293 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in CocaCola in the 1st quarter worth about $210,000. Jump Financial LLC increased its holdings in CocaCola by 450.5% in the 2nd quarter. Jump Financial LLC now owns 39,583 shares of the company’s stock worth $2,800,000 after acquiring an additional 32,392 shares during the last quarter. Finally, Osterweis Capital Management Inc. raised its stake in CocaCola by 548.2% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,063 shares of the company’s stock valued at $75,000 after acquiring an additional 899 shares during the period. 70.26% of the stock is owned by institutional investors.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola announced a global beverage agreement with Marriott International, making KO the worldwide beverage supplier across Marriott’s hotel portfolio and expanding access to a large travel and hospitality channel. Article Title
• Positive Sentiment: Investor commentary and stock-screening coverage continue to frame Coca-Cola as an attractive dividend and blue-chip holding, citing improving revenue and profitability trends ahead of earnings. Article Title
• Positive Sentiment: Market coverage singled out KO among five blue-chip stocks with potential second-half momentum, adding to bullish sentiment around the shares. Article Title
• Neutral Sentiment: Search and analyst-interest pieces noted that investors have been paying closer attention to Coca-Cola, but these articles were more about visibility than a specific new catalyst. Article Title

Analyst Ratings Changes

Several research firms have commented on KO. Truist Financial set a $88.00 price objective on shares of CocaCola in a report on Friday, June 26th. Piper Sandler reiterated an “overweight” rating on shares of CocaCola in a research note on Friday, June 26th. Morgan Stanley set a $89.00 price target on shares of CocaCola in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, March 30th. Finally, Sanford C. Bernstein started coverage on shares of CocaCola in a report on Thursday, June 11th. They issued a “market perform” rating and a $84.00 price objective for the company. Fifteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

CocaCola Stock Performance

Shares of KO opened at $83.93 on Friday. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $84.14. The stock’s 50-day simple moving average is $79.99 and its 200 day simple moving average is $76.67. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. The stock has a market capitalization of $361.11 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.34.

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

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.12 annualized dividend and a yield of 2.5%. CocaCola’s dividend payout ratio (DPR) is currently 66.67%.

Insider Activity at CocaCola

In related news, EVP Jennifer K. Mann sold 23,984 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total transaction of $2,000,505.44. Following the completion of the transaction, the executive vice president directly owned 157,400 shares in the company, valued at $13,128,734. The trade was a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Nancy Quan sold 31,625 shares of the company’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 transaction, the executive vice president owned 223,330 shares in the company, valued at $18,074,096.90. This represents a 12.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 899,905 shares of company stock valued at $71,832,315. Company insiders own 0.90% of the company’s stock.

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.