Shell Asset Management Co. Raises Holdings in CocaCola Company (The) $KO

Shell Asset Management Co. increased its holdings in CocaCola Company (The) (NYSE:KO) by 76.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 106,020 shares of the company’s stock after purchasing an additional 46,025 shares during the quarter. Shell Asset Management Co.’s holdings in CocaCola were worth $7,501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sage Financial Management Group Inc. purchased a new stake in shares of CocaCola during the 1st quarter worth $216,000. Perigon Wealth Management LLC raised its holdings in CocaCola by 3.6% in the second quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock worth $9,209,000 after purchasing an additional 4,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CocaCola by 6.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company’s stock valued at $2,212,300,000 after buying an additional 1,794,561 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of CocaCola by 3.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock valued at $8,686,000 after buying an additional 3,920 shares in the last quarter. Finally, Banque Pictet & Cie SA grew its position in shares of CocaCola by 72.6% in the 2nd quarter. Banque Pictet & Cie SA now owns 204,392 shares of the company’s stock worth $14,461,000 after buying an additional 85,950 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the sale, the insider directly owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company’s stock.

CocaCola Price Performance

Shares of NYSE KO opened at $66.09 on Tuesday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The business’s 50 day moving average price is $68.23 and its 200 day moving average price is $69.93. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm has a market cap of $284.43 billion, a P/E ratio of 23.44, a P/E/G ratio of 3.47 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same period last year, the firm posted $0.84 EPS. CocaCola’s revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, sell-side analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.51 per share. The ex-dividend date was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. CocaCola’s payout ratio is currently 72.34%.

Analyst Upgrades and Downgrades

KO has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. UBS Group reduced their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Wells Fargo & Company lowered their price objective on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $76.93.

CocaCola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.