34,074 Coca-Cola Company (The) $KO Shares Acquired by Elite Wealth Management Inc.

Elite Wealth Management Inc. lifted its stake in Coca-Cola Company (The) (NYSE:KO) by 159.1% during the third quarter, HoldingsChannel.com reports. The firm owned 55,485 shares of the company’s stock after purchasing an additional 34,074 shares during the quarter. Coca-Cola makes up about 0.9% of Elite Wealth Management Inc.’s portfolio, making the stock its 29th largest holding. Elite Wealth Management Inc.’s holdings in Coca-Cola were worth $4,776,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Garrett Wealth Advisory Group LLC raised its stake in Coca-Cola by 1.7% during the third quarter. Garrett Wealth Advisory Group LLC now owns 6,274 shares of the company’s stock valued at $540,000 after buying an additional 107 shares during the last quarter. Certified Advisory Corp increased its holdings in shares of Coca-Cola by 0.3% in the 3rd quarter. Certified Advisory Corp now owns 33,711 shares of the company’s stock worth $2,902,000 after purchasing an additional 108 shares in the last quarter. Lantern Wealth Advisors LLC lifted its stake in Coca-Cola by 3.6% during the 2nd quarter. Lantern Wealth Advisors LLC now owns 3,316 shares of the company’s stock valued at $270,000 after acquiring an additional 115 shares during the period. New Wave Wealth Advisors LLC boosted its holdings in Coca-Cola by 4.4% in the third quarter. New Wave Wealth Advisors LLC now owns 2,747 shares of the company’s stock worth $248,000 after purchasing an additional 116 shares during the last quarter. Finally, Gill Capital Partners LLC grew its holdings in shares of Coca-Cola by 4.1% in the second quarter. Gill Capital Partners LLC now owns 2,992 shares of the company’s stock worth $243,000 after acquiring an additional 117 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other Coca-Cola news, EVP Nancy Quan sold 50,000 shares of Coca-Cola stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the completion of the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $20,186,798.70. The trade was a 18.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Bruno Pietracci sold 111,365 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the completion of the sale, the insider owned 41,365 shares of the company’s stock, valued at $3,761,319.45. This represents a 72.92% 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. Insiders have sold 228,913 shares of company stock worth $21,056,900 in the last ninety days. 0.90% of the stock is owned by company insiders.

More Coca-Cola News

Here are the key news stories impacting Coca-Cola this week:

• Positive Sentiment: Coca-Cola shares reportedly reached a record high as investors sought defensive stocks amid a market downturn. Its established brands and dividend income may be attracting buyers looking for more resilient businesses. Coca-Cola Stock Hits Record High as Market Crashes
• Positive Sentiment: Recent articles point to Coca-Cola’s shelf presence, distribution reach and consumer habits as sources of a durable competitive advantage. The company’s ability to raise prices while still growing volume supports the long-term investment case. Coca-Cola Stock Is a Buy Thanks to Shelf Space and Habits
• Positive Sentiment: Investors are also focusing on the company’s 64 consecutive years of dividend increases. Its latest quarterly results beat estimates, with revenue up year over year, and coverage says the company raised its outlook and dividend—supporting its earnings and income appeal. Coca-Cola Earnings Beat Lifts Guidance and Dividend
• Positive Sentiment: Margin expansion despite higher marketing spending, supported by productivity gains and disciplined pricing, suggests Coca-Cola is balancing investment with profitability. Can Coca-Cola Keep Expanding Margins While Investing More?
• Neutral Sentiment: Executive Beatriz Perez sold 67,548 shares, but the reported sale was to cover tax withholding on vested equity awards, making it a limited signal about her view of the business. Coca-Cola EVP Share Sale
• Negative Sentiment: After a strong run this year and a move to record levels, valuation may constrain further gains; one dividend-focused article suggests prospective investors consider waiting before buying. Coca-Cola’s Dividend Record and Valuation

Wall Street Analysts Forecast Growth

KO has been the topic of several recent research reports. Weiss Ratings downgraded shares of Coca-Cola from a “buy (a+)” rating to a “buy (a)” rating in a research report on Friday, October 23rd. Morgan Stanley increased their price target on shares of Coca-Cola from $100.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Rothschild & Co Redburn boosted their price objective on shares of Coca-Cola from $86.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a $96.00 price objective on shares of Coca-Cola in a report on Monday, October 26th. Finally, Bank of America increased their target price on Coca-Cola from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.26.

Coca-Cola Stock Performance

Shares of NYSE:KO opened at $95.69 on Monday. The firm has a market cap of $411.63 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 3.73 and a beta of 0.28. The firm’s 50 day simple moving average is $89.96 and its 200-day simple moving average is $82.69. Coca-Cola Company has a one year low of $67.27 and a one year high of $97.39. 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 (NYSE:KO) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.82 earnings per share. As a group, equities analysts predict that Coca-Cola Company will post 3.34 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, December 1st. Coca-Cola’s dividend payout ratio (DPR) is presently 62.35%.

Coca-Cola 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.