Drive Wealth Management LLC Raises Stock Position in CocaCola Company (The) $KO

Drive Wealth Management LLC increased its stake in CocaCola Company (The) (NYSE:KO) by 64.6% during the 4th quarter, HoldingsChannel reports. The firm owned 18,602 shares of the company’s stock after buying an additional 7,299 shares during the period. Drive Wealth Management LLC’s holdings in CocaCola were worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in shares of CocaCola by 38.1% during the 4th quarter. Farther Finance Advisors LLC now owns 111,598 shares of the company’s stock valued at $7,802,000 after buying an additional 30,786 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of CocaCola by 82.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock valued at $3,296,000 after buying an additional 22,444 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of CocaCola by 2.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock valued at $136,086,000 after buying an additional 57,407 shares in the last quarter. Nicola Wealth Management LTD. lifted its stake in shares of CocaCola by 42.3% during the 3rd quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock valued at $12,269,000 after buying an additional 55,000 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of CocaCola by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock valued at $690,311,000 after buying an additional 198,886 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Coca-Cola to $3.26, signaling confidence that full-year earnings should meet expectations. CocaCola stock page
• Positive Sentiment: Zacks and Erste Group Bank also lifted select future-year estimates, including FY2027 and Q3 2026 forecasts, suggesting analysts see continued earnings resilience. CocaCola stock page
• Neutral Sentiment: A separate market commentary highlighted dividend stocks as attractive amid geopolitical uncertainty and recession worries, which may reinforce investor interest in defensive names like Coca-Cola. 2 Dividend Stocks That Are No-Brainer Buys in May
• Negative Sentiment: Not all revisions were higher: Zacks trimmed some quarterly and FY2028 estimates, indicating analysts still see some near-term earnings pressure in parts of the forecast period. CocaCola stock page

Insider Buying and Selling

In other CocaCola news, CEO James Quincey sold 250,688 shares of CocaCola stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.14, for a total value of $19,839,448.32. Following the sale, the chief executive officer directly owned 278,155 shares in the company, valued at approximately $22,013,186.70. The trade was a 47.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John Murphy sold 72,449 shares of CocaCola stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the completion of the sale, the chief financial officer owned 279,917 shares in the company, valued at approximately $22,538,916.84. This represents a 20.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 555,101 shares of company stock worth $44,208,566 in the last 90 days. 0.90% of the stock is owned by company insiders.

CocaCola Stock Performance

Shares of NYSE KO opened at $78.40 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. The company has a market cap of $337.32 billion, a P/E ratio of 24.65, a P/E/G ratio of 3.13 and a beta of 0.35. The firm’s fifty day moving average is $77.03 and its two-hundred day moving average is $73.84. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $82.00.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. CocaCola’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, analysts anticipate that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, June 15th. CocaCola’s payout ratio is currently 66.67%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Truist Financial set a $85.00 target price on shares of CocaCola in a research note on Wednesday, February 11th. Jefferies Financial Group upped their price target on CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Weiss Ratings raised shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada set a $87.00 price objective on shares of CocaCola in a research report on Wednesday, February 11th. Fifteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $86.27.

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.