Coca-Cola Company (The) $KO Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments acquired 3.03 million Coca-Cola shares worth approximately $260.7 million in the third quarter, while institutional investors and hedge funds collectively own 70.26% of KO.
• Coca-Cola exceeded third-quarter expectations with $0.91 in EPS and $13.35 billion in revenue, prompting management to forecast at least 11% comparable EPS growth in 2026. Shares opened at $94.11, up 1.4%.
• The company declared a quarterly dividend of $0.53 per share, equivalent to $2.12 annually and a 2.3% yield. Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $97.26.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Coca-Cola Company (The) (NYSE:KO - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,028,369 shares of the company's stock, valued at approximately $260,682,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of Coca-Cola at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KO. Bank of America Corp DE increased its stake in Coca-Cola by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 45,958,636 shares of the company's stock valued at $3,735,058,000 after purchasing an additional 1,939,673 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Coca-Cola by 0.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,354,414 shares of the company's stock worth $2,954,523,000 after purchasing an additional 162,097 shares during the last quarter. Wellington Management Group LLP raised its holdings in Coca-Cola by 9.2% during the second quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company's stock worth $2,361,198,000 after purchasing an additional 2,439,026 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Coca-Cola by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 18,822,295 shares of the company's stock worth $1,431,495,000 after purchasing an additional 235,785 shares in the last quarter. Finally, Fayez Sarofim & Co boosted its position in Coca-Cola by 0.7% during the second quarter. Fayez Sarofim & Co now owns 15,272,831 shares of the company's stock worth $1,241,223,000 after purchasing an additional 113,599 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola News Roundup

Here are the key news stories impacting Coca-Cola this week:

• Positive Sentiment: Better-than-expected earnings and higher guidance: Coca-Cola’s third-quarter results exceeded Wall Street expectations, supported by 5% unit case-volume growth, consumer recruitment, affordability initiatives, and disciplined execution. Management now expects comparable EPS to increase at least 11% in 2026. Coca-Cola’s Q3 earnings call: our top 5 analyst questions
• Positive Sentiment: Analyst optimism is reinforcing the rally: TD Cowen, JPMorgan, Citigroup, and Freedom Broker all recently raised their Coca-Cola price targets or indicated potential appreciation. Jim Cramer also recommended buying KO after the earnings beat. Coca-Cola stock gets price target boost from JPMorgan Chase
• Positive Sentiment: Defensive dividend appeal: Coca-Cola continues to be highlighted as a dependable “Dividend King,” with a long record of annual payout increases and strong brand durability—features attracting income investors amid broader market uncertainty. No Tricks, Just Treats: 3 Dividend Stocks With Payouts You Can Trust
• Positive Sentiment: Long-term emerging-market opportunity: Coca-Cola’s distribution network and local brands provide room for growth in developing markets, where a large share of beverage purchases remains untapped. The company is also considering a 2027 IPO for its Indian bottling arm, potentially creating capital and valuation benefits. Too Late to Buy Coca-Cola? 1 Reason It Isn’t.

Coca-Cola Stock Up 1.4%

Shares of NYSE:KO opened at $94.11 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.38 and a debt-to-equity ratio of 0.93. Coca-Cola Company has a 52-week low of $67.27 and a 52-week high of $95.37. The stock's fifty day simple moving average is $89.47 and its 200-day simple moving average is $82.07. The company has a market capitalization of $404.85 billion, a P/E ratio of 27.68, a P/E/G ratio of 3.67 and a beta of 0.32.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.03. The business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $12.92 billion. Coca-Cola had a net margin of 28.65% and a return on equity of 38.79%. The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, equities research analysts forecast that Coca-Cola Company will post 3.34 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, December 1st. Coca-Cola's payout ratio is presently 62.35%.

Insiders Place Their Bets

In other Coca-Cola news, EVP Nancy Quan sold 50,000 shares of the business's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total value of $4,519,500.00. Following the completion of the transaction, the executive vice president directly owned 223,330 shares in the company, valued at approximately $20,186,798.70. The trade was a 18.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Bruno Pietracci sold 111,365 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the transaction, the insider directly owned 41,365 shares in the company, valued at approximately $3,761,319.45. This represents a 72.92% decrease in their position. 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. In the last three months, insiders sold 171,323 shares of company stock valued at $15,507,286. Company insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on KO shares. Argus upped their target price on Coca-Cola from $91.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Seaport Research Partners set a $95.00 price objective on shares of Coca-Cola in a research report on Friday, August 14th. UBS Group increased their price objective on shares of Coca-Cola from $104.00 to $106.00 and gave the company a "buy" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Coca-Cola from $92.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Finally, Bank of America raised their target price on shares of Coca-Cola from $95.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $97.26.

About Coca-Cola

The Coca-Cola Company NYSE: KO is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.

The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.

The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.