Avantax Planning Partners Inc. Cuts Stock Position in CocaCola Company (The) $KO

Avantax Planning Partners Inc. reduced its stake in CocaCola Company (The) (NYSE:KO) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,037 shares of the company’s stock after selling 7,236 shares during the period. Avantax Planning Partners Inc.’s holdings in CocaCola were worth $13,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Calamos Wealth Management LLC grew its stake in shares of CocaCola by 58.3% in the first quarter. Calamos Wealth Management LLC now owns 24,397 shares of the company’s stock worth $1,855,000 after acquiring an additional 8,984 shares during the period. Calamos Advisors LLC grew its position in shares of CocaCola by 2.8% during the 1st quarter. Calamos Advisors LLC now owns 999,207 shares of the company’s stock valued at $75,990,000 after acquiring an additional 27,233 shares during the period. AMG National Trust Bank increased its position in CocaCola by 39.7% in the first quarter. AMG National Trust Bank now owns 181,673 shares of the company’s stock worth $13,816,000 after buying an additional 51,647 shares in the last quarter. Retirement Planning Group LLC increased its holdings in CocaCola by 1.6% in the 1st quarter. Retirement Planning Group LLC now owns 24,449 shares of the company’s stock worth $1,859,000 after acquiring an additional 374 shares in the last quarter. Finally, Evernest Financial Advisors LLC increased its stake in shares of CocaCola by 9.6% in the first quarter. Evernest Financial Advisors LLC now owns 16,062 shares of the company’s stock worth $1,212,000 after purchasing an additional 1,403 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction on Friday, May 15th. The shares were 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the sale, the chairman directly owned 122,833 shares of the company’s stock, valued at $9,842,608.29. This represents a 78.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last quarter, insiders sold 899,905 shares of company stock valued at $71,832,315. 0.90% of the stock is owned by corporate insiders.

CocaCola Price Performance

Shares of NYSE KO opened at $84.25 on Tuesday. The firm has a market cap of $362.46 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.34 and a beta of 0.34. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $85.68. The business’s 50 day moving average price is $80.90 and its 200 day moving average price is $77.32. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09.

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

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.53 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.5%. CocaCola’s payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

KO has been the subject of several research analyst reports. Jefferies Financial Group increased their target price on CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. TD Cowen lifted their price target on CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley set a $89.00 price objective on shares of CocaCola in a research report on Wednesday, June 10th. Piper Sandler reaffirmed an “overweight” rating on shares of CocaCola in a research note on Friday, June 26th. Finally, Barclays raised their price target on shares of CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Fifteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $88.06.

Trending Headlines about CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola declared its 64th consecutive annual dividend increase, reinforcing its status as a Dividend King and appealing to income-focused investors. Article Title
• Positive Sentiment: Bank of America and Evercore ISI were both reported as bullish on KO, with Bank of America seeing about 15% upside and Evercore reiterating a buy rating, which can support investor confidence. Article Title
• Positive Sentiment: Analysts highlighted Coca-Cola as a low-beta defensive stock as geopolitical tensions and market volatility increase demand for stable, dividend-paying names. Article Title
• Positive Sentiment: Coverage on Coca-Cola’s digital push suggests the company is using data, personalization, and connected packaging to improve consumer engagement and repeat purchases, which could help long-term growth. Article Title
• Neutral Sentiment: Several comparison pieces versus PepsiCo, Johnson & Johnson, Keurig Dr Pepper, and Celsius kept KO in the spotlight as investors debate its valuation, yield, and defensive appeal, but these articles are mostly commentary rather than fresh company-specific catalysts.

About CocaCola

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.