Knights of Columbus Asset Advisors Bolsters Stake in The Coca-Cola Company

Knights of Columbus Asset Advisors LLC increased its holdings in shares of The Coca-Cola Company by 156% in the second quarter. This is according to a recent disclosure with the Securities and Exchange Commission (SEC). The firm now owns 162,150 shares of the company's stock, which is worth $13,178,000 at the end of the most recent quarter.

The purchase of an additional 98,808 shares during the period boosted Knights' holdings in Coca-Cola. This is not the only institution that has increased its stake in the beverage manufacturer this quarter. Banco Santander S.A. raised its stake by 3.1% and now owns 1,090,758 shares worth $88,646,000.

Analysts forecast that The Coca-Cola Company will post EPS of $3.29 for the current fiscal year. The company has set its FY 2026 guidance at $3.270-3.300 EPS. In related news, Chairman James Quincey sold 145,947 shares of the stock on July 29th to cover tax withholding obligations.

Despite some negative sentiment around valuation analysis suggesting KO is closer to fairly valued than clearly undervalued, the company's flagship brands and product diversification efforts continue to attract attention from investors. Analysts have noted that Coca-Cola is adapting to changing consumer health preferences through its flagship brands and innovation across more beverage occasions.