Oslo Pensjonsforsikring AS acquired a new stake in shares of CocaCola Company (The) (NYSE:KO – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,127 shares of the company’s stock, valued at approximately $998,000.
A number of other institutional investors have also made changes to their positions in KO. Louisbourg Investments Inc. acquired a new position in CocaCola in the 1st quarter worth $25,000. Anfield Capital Management LLC boosted its position in CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after buying an additional 294 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of CocaCola during the second quarter valued at about $26,000. Evolution Wealth Management Inc. grew its stake in shares of CocaCola by 1,081.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after acquiring an additional 357 shares in the last quarter. Finally, Daytona Street Capital LLC purchased a new stake in shares of CocaCola during the fourth quarter worth about $29,000. 70.26% of the stock is owned by institutional investors and hedge funds.
CocaCola Stock Down 0.2%
Shares of NYSE:KO opened at $81.97 on Wednesday. The stock has a market capitalization of $352.67 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 3.28 and a beta of 0.34. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $85.68. The company’s fifty day moving average is $81.35 and its two-hundred day moving average is $77.85. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36.
CocaCola Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. CocaCola’s dividend payout ratio (DPR) is currently 66.67%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on KO shares. Deutsche Bank Aktiengesellschaft boosted their price target on CocaCola from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. Citigroup lifted their price objective on CocaCola from $91.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Bank of America upped their target price on CocaCola from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, July 10th. TD Cowen increased their target price on CocaCola from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler reissued an “overweight” rating on shares of CocaCola in a research report on Friday, June 26th. Fourteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.33.
Insider Buying and Selling at CocaCola
In related news, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the sale, the executive vice president owned 223,330 shares of the company’s stock, valued at approximately $18,074,096.90. This trade represents a 12.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $79.46, for a total value of $7,946,000.00. Following the completion of the sale, the executive vice president directly owned 181,384 shares in the company, valued at approximately $14,412,772.64. This trade represents a 35.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 899,905 shares of company stock worth $71,832,315 over the last ninety days. Company insiders own 0.90% of the company’s stock.
Trending Headlines about CocaCola
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: Coca-Cola is reportedly using AI to improve marketing and vending performance, with one report saying the effort helped drive a 15% surge in vending sales, reinforcing the company’s ability to use technology to strengthen its core brand. Coca-Cola Used AI to Make Itself More Coca-Cola
- Positive Sentiment: Analysts remain constructive ahead of earnings, saying Coca-Cola’s pricing power, stable demand, and solid growth outlook could support another strong quarter and help the company maintain guidance. Coca-Cola’s Growth Outlook Remains Strong Ahead of Q2 Results, UBS Says
- Positive Sentiment: Recent commentary also highlights Coca-Cola’s strong fundamentals, including durable organic growth, strong free-cash-flow conversion, and shareholder returns, which continue to support the stock’s defensive appeal. Coca-Cola Keeps Outperforming My Expectations (Earnings Preview)
- Neutral Sentiment: The company is also reportedly preparing an India bottler IPO, a strategic move that could unlock value over time but is not an immediate earnings driver. Coca-Cola picks bankers for its India bottler IPO
- Negative Sentiment: Coca-Cola’s Fairlife unit was hit by a ransomware attack, with production suspended and a hacking group claiming responsibility, raising near-term concerns about supply disruptions and potential data/security costs. Gang claims responsibility for hack at Coca-Cola’s fairlife unit
CocaCola Company Profile
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.
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