BOCHK Asset Management Ltd Purchases Shares of 66,000 CocaCola Company (The) $KO

BOCHK Asset Management Ltd acquired a new stake in CocaCola Company (The) (NYSE:KO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 66,000 shares of the company's stock, valued at approximately $5,364,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Eurizon SLJ Capital Ltd purchased a new stake in shares of CocaCola in the fourth quarter valued at about $552,000. Banco Santander S.A. grew its holdings in shares of CocaCola by 3.1% during the second quarter. Banco Santander S.A. now owns 1,090,758 shares of the company's stock worth $88,646,000 after buying an additional 32,723 shares during the last quarter. King Luther Capital Management Corp grew its holdings in shares of CocaCola by 0.8% during the fourth quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company's stock worth $269,330,000 after buying an additional 31,694 shares during the last quarter. Cibc World Market Inc. increased its position in CocaCola by 4.8% in the 4th quarter. Cibc World Market Inc. now owns 1,759,546 shares of the company's stock valued at $123,010,000 after acquiring an additional 79,946 shares during the period. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in CocaCola in the 4th quarter valued at about $1,544,000. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola ranked among the leading consumer-staples companies for growth, reinforcing confidence in its ability to expand despite a relatively mature market. Coca-Cola leads consumer staples growth rankings
• Positive Sentiment: Analysts noted that Coca-Cola is adapting to changing consumer health preferences through flagship brands, product diversification and innovation across more beverage occasions. This may help protect long-term sales as consumers reduce consumption of traditional sugary drinks. Coca-Cola Faces Consumer Health Trend Shifts
• Positive Sentiment: Coca-Cola continues to attract attention as a potential long-term dividend compounder, appealing to investors seeking dependable income and stability amid a market environment that has favored speculation. 3 Dividend Stocks to Buy Before August Ends
• Neutral Sentiment: Executive Bruno Pietracci sold 111,365 KO shares for approximately $10.1 million, reducing his position by about 73%. The filing said the sale covered tax-withholding obligations tied to vested equity awards, making it less concerning than a discretionary sale but still a potential short-term sentiment overhang. Top Coca-Cola Executive Makes a Major Move
• Negative Sentiment: Valuation analysis suggests KO is closer to fairly valued than clearly undervalued. Its discounted-cash-flow estimate is near the current market price, while earnings multiples appear expensive after an 88% five-year return, potentially limiting upside for new buyers. Coca-Cola Stock Looks Cheap on Cash Flow but Pricey on Earnings

Wall Street Analyst Weigh In

A number of analysts have weighed in on KO shares. HSBC cut CocaCola from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Piper Sandler boosted their target price on CocaCola from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Bank of America upped their price target on CocaCola from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Barclays increased their price target on CocaCola from $91.00 to $93.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of CocaCola in a research report on Friday, July 31st. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $95.76.

CocaCola Price Performance

Shares of KO opened at $91.94 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The stock's 50 day moving average is $84.49 and its two-hundred day moving average is $80.51. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $92.49. The firm has a market capitalization of $395.59 billion, a PE ratio of 27.61, a P/E/G ratio of 3.18 and a beta of 0.33.

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

CocaCola Announces Dividend

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

Insider Transactions at CocaCola

In other CocaCola news, EVP Jennifer K. Mann sold 100,000 shares of the business's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $79.46, for a total transaction of $7,946,000.00. Following the sale, the executive vice president directly owned 181,384 shares in the company, valued at approximately $14,412,772.64. The trade was a 35.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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, EVP Nancy Quan sold 50,000 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the transaction, the executive vice president directly owned 223,330 shares in the company, valued at approximately $20,186,798.70. This trade represents a 18.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,594,900 shares of company stock valued at $136,568,617 in the last three months. Insiders own 0.90% of the company's stock.

CocaCola 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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