Nykredit A S Buys New Stake in CocaCola Company (The) $KO

Key Points

• Nykredit A/S acquired 939,103 Coca-Cola shares during the second quarter, valued at approximately $76.3 million. Institutional investors collectively own 70.26% of the company.
• Coca-Cola reported quarterly earnings of $0.97 per share and revenue of $13.37 billion, exceeding analyst expectations; revenue increased 6.2% year over year.
• The company declared a quarterly dividend of $0.53 per share, equal to a $2.12 annualized payout and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.76.

Nykredit A S purchased a new position in shares of CocaCola Company (The) (NYSE:KO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 939,103 shares of the company's stock, valued at approximately $76,321,000.

Several other hedge funds and other institutional investors have also modified their holdings of KO. Louisbourg Investments Inc. acquired a new position in shares of CocaCola during the first quarter worth $25,000. Guardian Partners Inc. purchased a new position in shares of CocaCola in the 2nd quarter valued at $27,000. Evolution Wealth Management Inc. raised its stake in CocaCola by 1,081.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock worth $27,000 after acquiring an additional 357 shares in the last quarter. Bard Associates Inc. acquired a new stake in CocaCola during the 4th quarter worth $30,000. Finally, Timbuktu Capital Management LLC purchased a new stake in CocaCola in the second quarter valued at $41,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Stock Up 0.2%

CocaCola stock opened at $88.22 on Friday. The stock has a market capitalization of $379.59 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.43 and a beta of 0.34. 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 has a 50 day moving average of $87.16 and a two-hundred day moving average of $81.76. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $92.49.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $13.17 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The company's quarterly revenue was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, research analysts expect 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 paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola's payout ratio is 63.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Citigroup upped their price objective on shares of CocaCola from $97.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. UBS Group set a $104.00 target price on CocaCola and gave the company a "buy" rating in a report on Wednesday, July 29th. Piper Sandler reissued an "overweight" rating on shares of CocaCola in a research report on Wednesday. Wells Fargo & Company lifted their price target on CocaCola from $90.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price objective on CocaCola from $90.00 to $96.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $95.76.

Insider Buying and Selling at CocaCola

In other CocaCola news, CFO John Murphy sold 152,483 shares of the business's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the sale, the chief financial officer directly owned 279,917 shares in the company, valued at approximately $24,439,553.27. The trade was a 35.26% 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 sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 381,140 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $90.04, for a total value of $34,317,845.60. Following the sale, the chairman directly owned 122,833 shares in the company, valued at $11,059,883.32. This trade represents a 75.63% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders sold 926,620 shares of company stock valued at $83,075,714. Insiders own 0.90% of the company's stock.

CocaCola Profile

The Coca-Cola Company NYSE: KO is a global beverage company best known for its Coca-Cola soft drink, which was first introduced in 1886. The company was incorporated in 1892 and has grown into one of the world's largest beverage businesses.

Its portfolio includes sparkling soft drinks such as Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite and Fanta, along with water, sports drinks, coffee, tea, juice and dairy-based beverages. Other brands associated with the company include Dasani, smartwater, Powerade, Minute Maid, Simply, Costa Coffee, fairlife and Topo Chico.

The Coca-Cola Company primarily develops, owns and markets beverage brands, while relying on a global network of independent bottling partners and distributors to manufacture, package and deliver many of its products.

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