Leonteq Securities AG Decreases Stake in CocaCola Company (The) $KO

Leonteq Securities AG lessened its holdings in shares of CocaCola Company (The) (NYSE:KO) by 55.1% in the 2nd quarter, Holdings Channel reports. The fund owned 11,534 shares of the company’s stock after selling 14,168 shares during the quarter. Leonteq Securities AG’s holdings in CocaCola were worth $937,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Anfield Capital Management LLC increased its holdings in shares of CocaCola by 438.8% in the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after purchasing an additional 294 shares during the last quarter. Louisbourg Investments Inc. purchased a new position in CocaCola during the first quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in CocaCola during the second quarter worth $26,000. Evolution Wealth Management Inc. grew its holdings in CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after buying an additional 357 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in CocaCola in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Trading Up 2.1%

Shares of KO stock opened at $88.81 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market cap of $382.13 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 3.06 and a beta of 0.33. The company has a 50-day moving average of $83.81 and a two-hundred day moving average of $80.07. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $90.92.

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

CocaCola Dividend Announcement

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

Analyst Upgrades and Downgrades

KO has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on shares of CocaCola from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Piper Sandler raised their price target on shares of CocaCola from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Truist Financial set a $88.00 price target on shares of CocaCola in a research report on Friday, June 26th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $93.00 price objective on shares of CocaCola in a report on Wednesday, July 29th. Finally, Barclays increased 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, CocaCola currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.76.

Insider Buying and Selling

In other CocaCola news, insider Bruno Pietracci sold 75,727 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.65, for a total transaction of $6,788,925.55. Following the transaction, the insider directly owned 35,393 shares in the company, valued at $3,172,982.45. This represents a 68.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, CFO John Murphy sold 152,483 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $87.31, for a total value of $13,313,290.73. Following the transaction, the chief financial officer owned 279,917 shares of the company’s stock, valued at approximately $24,439,553.27. This represents a 35.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,433,535 shares of company stock valued at $121,922,698 over the last quarter. 0.90% of the stock is owned by corporate insiders.

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.