Proficio Capital Partners LLC Makes New $1.55 Million Investment in CocaCola Company (The) $KO

Proficio Capital Partners LLC acquired a new stake in shares of CocaCola Company (The) (NYSE:KO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,029 shares of the company’s stock, valued at approximately $1,546,000.

Other large investors also recently modified their holdings of the company. Community Bank & Trust Waco Texas lifted its position in shares of CocaCola by 0.9% in the second quarter. Community Bank & Trust Waco Texas now owns 38,092 shares of the company’s stock valued at $3,096,000 after acquiring an additional 340 shares in the last quarter. Nwam LLC raised its stake in CocaCola by 1.8% during the 2nd quarter. Nwam LLC now owns 27,728 shares of the company’s stock valued at $2,253,000 after purchasing an additional 494 shares during the period. Gill Capital Partners LLC raised its stake in CocaCola by 4.1% during the 2nd quarter. Gill Capital Partners LLC now owns 2,992 shares of the company’s stock valued at $243,000 after purchasing an additional 117 shares during the period. Clifford Swan Investment Counsel LLC lifted its holdings in CocaCola by 3.1% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 122,380 shares of the company’s stock worth $9,946,000 after purchasing an additional 3,718 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in CocaCola by 3.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 32,841 shares of the company’s stock valued at $2,669,000 after buying an additional 1,142 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KO shares. Barclays lifted their price objective on shares of CocaCola from $91.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Argus raised their target price on shares of CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Seaport Research Partners set a $95.00 price target on shares of CocaCola in a report on Friday, August 14th. Truist Financial set a $88.00 price target on shares of CocaCola in a research note on Friday, June 26th. Finally, Citigroup increased their price objective on shares of CocaCola from $97.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.76.

CocaCola Stock Performance

NYSE:KO opened at $87.95 on Wednesday. The company has a market cap of $378.41 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.10 and a beta of 0.34. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $92.49. The stock’s 50 day simple moving average is $85.66 and its two-hundred day simple moving average is $81.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $13.17 billion. During the same period last year, the firm posted $0.87 earnings per share. CocaCola’s revenue for the quarter was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities analysts anticipate that CocaCola Company will post 3.29 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid 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 of this dividend is Tuesday, September 15th. CocaCola’s dividend payout ratio (DPR) is presently 63.66%.

Insiders Place Their Bets

In other news, Chairman James Quincey sold 436,296 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $80.13, for a total value of $34,960,398.48. Following the sale, the chairman directly owned 122,833 shares in the company, valued at $9,842,608.29. The trade was a 78.03% decrease in their position. The transaction was disclosed in a filing with the SEC, 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, EVP Nancy Quan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the sale, the executive vice president owned 223,330 shares in the company, valued at $20,186,798.70. This represents a 18.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 1,594,900 shares of company stock worth $136,568,617. Insiders own 0.90% of the company’s stock.

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.