CocaCola Company (The) $KO Shares Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset increased its Coca-Cola stake by 13% in the second quarter, acquiring 309,402 additional shares to hold 2.68 million shares valued at approximately $218 million. Institutional investors collectively own 70.26% of KO.
• Coca-Cola exceeded quarterly expectations with adjusted earnings of $0.97 per share versus the $0.93 consensus, while revenue rose 6.2% year over year to $13.37 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.76.
• The company declared a quarterly dividend of $0.53 per share, equivalent to an annualized $2.12 payout and a 2.4% yield. However, insiders sold $121.9 million of shares over the past 90 days, primarily through pre-arranged plans to cover tax obligations.

Mirae Asset Global Investments Co. Ltd. increased its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,682,565 shares of the company's stock after acquiring an additional 309,402 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of CocaCola worth $218,012,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KO. Brighton Jones LLC boosted its stake in CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after purchasing an additional 293 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of CocaCola in the 1st quarter worth $210,000. Jump Financial LLC lifted its holdings in shares of CocaCola by 450.5% in the second quarter. Jump Financial LLC now owns 39,583 shares of the company's stock valued at $2,800,000 after buying an additional 32,392 shares during the period. Finally, Osterweis Capital Management Inc. boosted its stake in CocaCola by 548.2% during the second quarter. Osterweis Capital Management Inc. now owns 1,063 shares of the company's stock valued at $75,000 after buying an additional 899 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Trading Up 0.3%

NYSE:KO opened at $87.66 on Friday. The stock has a fifty day simple moving average of $83.51 and a 200 day simple moving average of $79.81. The firm has a market capitalization of $377.15 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 3.05 and a beta of 0.33. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $90.92.

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

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.53 per share. 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 2.4%. CocaCola's dividend payout ratio is presently 63.66%.

Analyst Upgrades and Downgrades

KO has been the subject of a number of research analyst reports. UBS Group set a $104.00 price target on shares of CocaCola and gave the company a "buy" rating in a report on Wednesday, July 29th. Barclays increased their target price on shares of CocaCola from $91.00 to $93.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $90.00 to $96.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Evercore restated an "outperform" rating and issued a $100.00 price target on shares of CocaCola in a research report on Tuesday, July 28th. Finally, Citigroup upped their price target on CocaCola from $97.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $95.76.

Insiders Place Their Bets

In other news, Chairman James Quincey sold 436,296 shares of the firm's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $80.13, for a total value of $34,960,398.48. Following the sale, the chairman directly owned 122,833 shares of the company's stock, valued at approximately $9,842,608.29. This trade represents a 78.03% decrease in their ownership of the stock. 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 Bruno Pietracci sold 75,727 shares of the business's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.65, for a total transaction of $6,788,925.55. Following the transaction, the insider directly owned 35,393 shares in the company, valued at $3,172,982.45. This trade represents a 68.15% 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 1,433,535 shares of company stock worth $121,922,698 in the last ninety days. 0.90% of the stock is owned by insiders.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Raised outlook and margin gains: Coca-Cola’s improved full-year revenue and earnings guidance, expanding margins, broad-based volume growth and market-share gains reinforce confidence in its operating momentum. Coca-Cola’s Raised Guidance And Margin Gains Might Change the Case for Investing in Coca-Cola
• Positive Sentiment: Volume growth supports demand: Recent analysis points to steady global volume growth, suggesting consumers continue to purchase Coca-Cola products despite broader economic pressure. Coca-Cola in Focus as Volume Growth Anchors a Steady Picture
• Positive Sentiment: Analyst expectations remain supportive: Analysts have issued higher earnings forecasts and are preparing for third-quarter results, extending the positive reaction to the company’s latest earnings beat. Coca-Cola reported $0.97 in quarterly EPS versus a $0.93 consensus estimate, with revenue up 6.2% year over year.
• Positive Sentiment: Defensive and income appeal: Commentary continues to highlight KO as a Dividend King and a long-term Warren Buffett-backed holding. That reputation may support demand from investors seeking reliable dividends and relatively defensive consumer-staples exposure. 5 Dividend Kings to Buy and Hold Forever in August
• Neutral Sentiment: Valuation and sustainability are under debate: Investors are weighing Coca-Cola’s stronger results against whether its recent momentum can persist through the second half of the year. With the stock trading at a premium earnings multiple, further gains may depend on continued execution. The Debates That Matter for KO Stock
• Neutral Sentiment: Macro risks remain: Coverage is monitoring inflation, gasoline prices and consumer spending because higher household costs could pressure demand or reduce purchasing power. Why Is Coca-Cola in Focus as Gasoline Prices Pressure Consumers?
• Neutral Sentiment: Bottler financing news: Coca-Cola İçecek authorized management to seek up to $1 billion in overseas debt for refinancing and growth. The development concerns the regional bottler rather than Coca-Cola directly, so its immediate effect on KO is likely limited. Coca-Cola İçecek Seeks Up to USD 1 Billion in Overseas Debt

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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