iA Global Asset Management Inc. Buys 220,396 Shares of CocaCola Company (The) $KO

Key Points

• iA Global Asset Management doubled its Coca-Cola position in the second quarter, acquiring 220,396 additional shares for a total holding of 438,806 shares valued at approximately $35.7 million. Institutional investors collectively own 70.26% of KO.
• Analyst sentiment remains favorable, with 15 Buy ratings and three Holds producing a Moderate Buy consensus and an average price target of $95.76, above the reported $90.91 share price.
• Coca-Cola exceeded quarterly expectations with $0.97 EPS and $13.37 billion in revenue, up 6.2% year over year, while declaring a quarterly dividend of $0.53 per share. Executives also sold shares to cover tax obligations tied to vested equity awards.

iA Global Asset Management Inc. grew its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 100.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 438,806 shares of the company's stock after acquiring an additional 220,396 shares during the quarter. iA Global Asset Management Inc.'s holdings in CocaCola were worth $35,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of KO. Vanguard Group Inc. raised 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 valued at $26,200,276,000 after purchasing an additional 5,886,352 shares during the last quarter. State Street Corp boosted its holdings in CocaCola by 1.2% during the fourth quarter. State Street Corp now owns 167,850,330 shares of the company's stock worth $11,734,417,000 after purchasing an additional 1,992,327 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CocaCola by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company's stock worth $6,273,037,000 after purchasing an additional 433,547 shares during the last quarter. Norges Bank bought a new stake in CocaCola in the 4th quarter worth about $3,865,807,000. Finally, Bank of America Corp DE grew its position 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 in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on KO. The Goldman Sachs Group reiterated a "neutral" rating and issued a $86.00 price objective (up from $82.00) on shares of CocaCola in a research note on Tuesday, July 28th. Bank of America upped their target price on CocaCola from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, July 10th. Barclays increased their price target on CocaCola from $91.00 to $93.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Seaport Research Partners set a $95.00 price target on CocaCola in a report on Friday, August 14th. Finally, Piper Sandler boosted their price objective on CocaCola from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $95.76.

CocaCola News Summary

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.

Insider Activity

In other news, Chairman James Quincey sold 436,296 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the completion of the transaction, the chairman owned 122,833 shares in the company, valued at approximately $9,842,608.29. This represents a 78.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, EVP Nancy Quan sold 50,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total value of $4,519,500.00. Following the completion of the sale, the executive vice president owned 223,330 shares in the company, valued at $20,186,798.70. This represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 1,483,535 shares of company stock worth $126,442,198. 0.90% of the stock is owned by company insiders.

CocaCola Trading Up 0.5%

Shares of KO stock opened at $90.91 on Friday. 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 firm has a market cap of $391.14 billion, a P/E ratio of 27.30, a PEG ratio of 3.16 and a beta of 0.33. The company has a 50 day moving average of $84.27 and a 200-day moving average of $80.37. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $91.86.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 EPS 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 business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. CocaCola's revenue for the quarter 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 anticipate that CocaCola Company will post 3.29 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola's dividend payout ratio is currently 63.66%.

About CocaCola

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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