AMF Tjanstepension AB Acquires 976,518 Shares of CocaCola Company (The) $KO

Key Points

• AMF Tjanstepension AB has increased its holdings in The CocaCola Company by 119.9%, acquiring an additional 976,518 shares, bringing its total to approximately 1.79 million shares valued at $126.85 million.
• Insider Nikolaos Koumettis sold 37,396 shares of CocaCola, marking a 15.15% decrease in their position, with the sale totaling over $2.58 million.
• Wall Street analysts maintain a consensus rating of "Buy" for CocaCola stock, with an average price target of $76.93 despite mixed adjustments from different firms.

AMF Tjanstepension AB increased its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 119.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,791,246 shares of the company's stock after buying an additional 976,518 shares during the period. CocaCola comprises approximately 0.8% of AMF Tjanstepension AB's investment portfolio, making the stock its 27th biggest holding. AMF Tjanstepension AB's holdings in CocaCola were worth $126,846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KO. New Republic Capital LLC grew its stake in shares of CocaCola by 1.6% in the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock valued at $625,000 after buying an additional 139 shares during the period. Alteri Wealth LLC grew its stake in shares of CocaCola by 2.1% in the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock valued at $492,000 after buying an additional 140 shares during the period. Requisite Capital Management LLC grew its stake in shares of CocaCola by 2.8% in the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company's stock valued at $377,000 after buying an additional 142 shares during the period. Deseret Mutual Benefit Administrators grew its stake in shares of CocaCola by 0.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after buying an additional 143 shares during the period. Finally, MBA Advisors LLC grew its stake in shares of CocaCola by 1.2% in the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after buying an additional 143 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.97% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KO has been the subject of a number of research analyst reports. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company lowered their price objective on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $76.93.

CocaCola Price Performance

CocaCola stock opened at $66.65 on Friday. The firm has a market cap of $286.86 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. 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 company's 50 day moving average is $68.27 and its two-hundred day moving average is $69.94.

CocaCola (NYSE:KO - Get Free Report) last released its 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. The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, research analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued 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 dividend payout ratio is 72.34%.

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.

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