Provenance Wealth Advisors LLC raised its stake in Coca-Cola Company (The) (NYSE:KO – Free Report) by 3,586.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 41,804 shares of the company’s stock after buying an additional 40,670 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in Coca-Cola were worth $3,598,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Guardian Partners Inc. bought a new position in shares of Coca-Cola during the second quarter worth about $27,000. Horizons Wealth Management acquired a new stake in shares of Coca-Cola in the 3rd quarter worth about $31,000. Atomic Invest LLC lifted its position in Coca-Cola by 38.7% in the 2nd quarter. Atomic Invest LLC now owns 437 shares of the company’s stock valued at $36,000 after purchasing an additional 122 shares during the last quarter. Putney Financial Group LLC bought a new stake in Coca-Cola in the 3rd quarter valued at about $43,000. Finally, Timbuktu Capital Management LLC bought a new stake in Coca-Cola in the 2nd quarter valued at about $41,000. 70.26% of the stock is currently owned by institutional investors.
Coca-Cola News Summary
Here are the key news stories impacting Coca-Cola this week:
- Positive Sentiment: Coca-Cola’s 64-year record of annual dividend increases supports its appeal to income-focused investors. Berkshire Hathaway is expected to collect about $848 million in KO dividends in 2026. Article: Coca-Cola vs. Monster Beverage
- Positive Sentiment: Coverage says Coca-Cola is passing higher costs on to consumers, demonstrating pricing power while inflation persists. Other coverage notes continued revenue and earnings growth and a generally upward revenue trend. Article: Coca-Cola Is Exercising its Pricing Power as Inflation Persists
- Neutral Sentiment: A six-month outlook article focuses on what may determine KO’s next stretch, but the supplied listing does not specify its conclusions. Article: What Will Decide Coca-Cola Stock Over The Next Six Months?
- Negative Sentiment: Some commentary frames Coca-Cola as a defensive “shelter” investment rather than a strong-growth story, which may weigh on sentiment when investors seek faster growth. A reported reduction in the consensus price target adds a cautionary signal, though the cited target is in Swiss francs. Article: Coca-Cola: Investors Are Buying Shelter, Not Growth
Coca-Cola Price Performance
Shares of KO opened at $94.75 on Wednesday. The firm has a market capitalization of $407.59 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 3.74 and a beta of 0.28. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.19 and a current ratio of 1.38. Coca-Cola Company has a one year low of $67.27 and a one year high of $96.25. The stock’s fifty day moving average is $89.63 and its 200-day moving average is $82.31.
Coca-Cola (NYSE:KO – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 earnings per share. Equities analysts anticipate that Coca-Cola Company will post 3.34 EPS for the current year.
Coca-Cola Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.12 annualized dividend and a yield of 2.2%. Coca-Cola’s dividend payout ratio (DPR) is presently 62.35%.
Wall Street Analysts Forecast Growth
KO has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Coca-Cola from $104.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. CICC Research raised their price target on shares of Coca-Cola from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. BNP Paribas Exane lifted their price target on Coca-Cola from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Daiwa Securities Group boosted their price objective on Coca-Cola from $83.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Finally, TD Cowen boosted their price objective on Coca-Cola from $100.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $97.26.
Insiders Place Their Bets
In other Coca-Cola news, insider Bruno Pietracci sold 111,365 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 41,365 shares in the company, valued at approximately $3,761,319.45. The trade was a 72.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 company’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 62,105 shares of the company’s stock, valued at approximately $5,372,082.50. This represents a 13.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 171,323 shares of company stock worth $15,507,286. 0.90% of the stock is owned by corporate insiders.
Coca-Cola Company Profile
The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.
The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.
The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.
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