Wealthfront Advisers LLC Has $23.85 Million Stake in CocaCola Company (The) $KO

Wealthfront Advisers LLC lowered its position in shares of CocaCola Company (The) (NYSE:KO) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 359,640 shares of the company’s stock after selling 34,845 shares during the quarter. Wealthfront Advisers LLC’s holdings in CocaCola were worth $23,851,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in CocaCola by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after buying an additional 6,241,163 shares in the last quarter. Norges Bank acquired a new stake in CocaCola in the second quarter valued at approximately $3,846,270,000. Legal & General Group Plc increased its holdings in shares of CocaCola by 1.1% during the second quarter. Legal & General Group Plc now owns 27,281,552 shares of the company’s stock valued at $1,930,170,000 after acquiring an additional 285,794 shares in the last quarter. Invesco Ltd. raised its position in shares of CocaCola by 10.9% during the second quarter. Invesco Ltd. now owns 25,328,083 shares of the company’s stock worth $1,791,962,000 after purchasing an additional 2,497,585 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of CocaCola by 15.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,557,659 shares of the company’s stock worth $1,312,954,000 after purchasing an additional 2,423,914 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analyst upgrade and higher target — Wells Fargo raised its price target on KO to $87 and kept an “overweight” rating, offering explicit upside that can attract buyers ahead of earnings. Read More.
• Positive Sentiment: Fairlife production ramp — Coca‑Cola is expanding Fairlife production to tap the growing protein/functional beverage category, a growth push that supports longer‑term organic revenue upside. Read More.
• Positive Sentiment: Sector tailwinds — Consumer staples are outperforming the broader market, and Coca‑Cola (a top holding in defensive ETFs) has seen strong YTD momentum; that defensive demand can support the share price in risk‑off sessions. Read More.
• Neutral Sentiment: Earnings day catalyst — Multiple previews note KO reports Q4 results before the open on Feb 10; guidance and margin commentary will likely be the primary driver of near‑term volatility rather than the quarter’s raw numbers. Read More.
• Neutral Sentiment: Investor discussion and odds — Market commentary (TipRanks/Polymarket previews) and many outlets debating whether KO will beat estimates increases attention but doesn’t change fundamentals ahead of guidance. Read More.
• Neutral Sentiment: Options/income interest — Articles laying out income strategies and option plays around KO reflect elevated trader activity into earnings; this can boost volume and IV but is market‑direction agnostic. Read More.
• Negative Sentiment: Insider selling — A recent filing showed the CEO sold stock worth roughly $26M, which can prompt short‑term caution among some investors despite routine explanations for planned sales. Read More.

Insider Buying and Selling

In other news, CEO James Quincey sold 337,824 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $77.10, for a total value of $26,046,230.40. Following the completion of the transaction, the chief executive officer directly owned 342,546 shares of the company’s stock, valued at $26,410,296.60. This trade represents a 49.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction on Monday, November 17th. The shares were sold at an average price of $71.17, for a total value of $2,250,751.25. Following the completion of the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at approximately $15,894,396.10. This trade represents a 12.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 509,138 shares of company stock valued at $38,186,963. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Piper Sandler boosted their price target on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Evercore reiterated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. UBS Group restated a “buy” rating and issued a $82.00 target price on shares of CocaCola in a report on Tuesday, February 3rd. Wells Fargo & Company raised their price target on shares of CocaCola from $79.00 to $87.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $78.00 price target on shares of CocaCola in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $81.14.

CocaCola Price Performance

NYSE KO opened at $78.08 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. The company has a market cap of $335.87 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 4.06 and a beta of 0.36. CocaCola Company has a 52 week low of $63.66 and a 52 week high of $79.20. The firm’s 50-day simple moving average is $71.45 and its two-hundred day simple moving average is $69.83.

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.