Assetmark Inc. Has $33.47 Million Stock Position in CocaCola Company (The) $KO

Assetmark Inc. increased its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 411,865 shares of the company's stock after purchasing an additional 24,795 shares during the quarter. Assetmark Inc.'s holdings in CocaCola were worth $33,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of CocaCola by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company's stock worth $26,200,276,000 after buying an additional 5,886,352 shares during the period. State Street Corp raised its holdings in shares of CocaCola by 1.2% during the fourth quarter. State Street Corp now owns 167,850,330 shares of the company's stock valued at $11,734,417,000 after acquiring an additional 1,992,327 shares during the period. Geode Capital Management LLC lifted its position in shares of CocaCola by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company's stock valued at $6,273,037,000 after acquiring an additional 433,547 shares in the last quarter. Norges Bank purchased a new stake in shares of CocaCola in the 4th quarter valued at approximately $3,865,807,000. Finally, Bank of America Corp DE boosted its stake in CocaCola by 9.5% in the 1st quarter. Bank of America Corp DE now owns 44,018,963 shares of the company's stock worth $3,347,642,000 after purchasing an additional 3,836,640 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Transactions at CocaCola

In other news, Chairman James Quincey sold 145,947 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $90.09, for a total transaction of $13,148,365.23. Following the transaction, the chairman owned 122,833 shares in the company, valued at $11,066,024.97. This represents a 54.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. Also, insider Sanket Ray sold 9,958 shares of the firm's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $86.50, for a total transaction of $861,367.00. Following the transaction, the insider owned 62,105 shares in the company, valued at $5,372,082.50. This represents a 13.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,483,535 shares of company stock valued at $126,442,198. Insiders own 0.90% of the company's stock.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analyst coverage remains generally supportive, with brokers highlighting Coca-Cola as an investment candidate. Recent quarterly results also exceeded expectations, with earnings and revenue above consensus and revenue growth of 6.2% year over year. Brokers Suggest Investing in Coca-Cola
• Positive Sentiment: Investors have been seeking established, lower-volatility companies, helping Coca-Cola reach an all-time high and break above $90 for the first time. Its strong brand portfolio and defensive characteristics may be attractive amid market uncertainty. Coca-Cola Hits All-Time High
• Positive Sentiment: Coca-Cola’s long dividend record continues to support its appeal to income-focused investors. Berkshire Hathaway reportedly receives approximately $848 million annually from its Coca-Cola holdings, underscoring the scale and consistency of the payout. Dividend King Pays Berkshire
• Neutral Sentiment: Coverage is also examining Coca-Cola’s cash flow and dividend sustainability as interest rates and bond yields rise. Higher yields could increase the relative appeal of fixed-income investments, although Coca-Cola’s recurring cash generation remains central to its income-investor case. Coca-Cola Cash Flow as Yields Rise
• Negative Sentiment: Executive Vice President Nancy Quan sold 50,000 shares worth about $4.5 million. The filing states the sale covered tax withholding tied to vested equity awards, reducing its negative signaling value, though it may create modest near-term selling pressure.

CocaCola Stock Up 0.5%

KO stock opened at $90.91 on Friday. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $91.86. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The company has a market cap of $391.14 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 3.18 and a beta of 0.33. The company has a 50 day moving average of $84.27 and a two-hundred day moving average of $80.37.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. The company had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The business's revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities analysts anticipate that CocaCola Company will post 3.29 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola's dividend payout ratio (DPR) is presently 63.66%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KO. Barclays lifted their price objective on shares of CocaCola from $91.00 to $93.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Sanford C. Bernstein restated a "market perform" rating and issued a $93.00 target price on shares of CocaCola in a report on Wednesday, July 29th. UBS Group set a $104.00 target price on CocaCola and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on CocaCola from $87.00 to $96.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Finally, Bank of America upped their price target on CocaCola from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, CocaCola presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.76.

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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