Nykredit A S Invests $81.97 Million in CocaCola Company (The) $KO

Key Points

• Nykredit A/S purchased 1,008,608 Coca-Cola shares worth approximately $81.97 million during the second quarter. Institutional investors and hedge funds collectively own 70.26% of the company.
• Coca-Cola exceeded quarterly expectations, reporting $0.97 in EPS and $13.37 billion in revenue, with revenue up 6.2% year over year. Analysts maintain a “Moderate Buy” consensus rating and 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. Meanwhile, insiders sold shares worth approximately $135.9 million over the past three months, primarily to cover tax obligations.

Nykredit A S bought a new stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,008,608 shares of the company's stock, valued at approximately $81,970,000.

Several other institutional investors also recently bought and sold shares of KO. Norges Bank acquired a new position in shares of CocaCola during the fourth quarter worth $3,865,807,000. Cardano Risk Management B.V. boosted its position in shares of CocaCola by 867.2% in the 4th quarter. Cardano Risk Management B.V. now owns 14,432,190 shares of the company's stock worth $1,008,954,000 after purchasing an additional 12,939,959 shares in the last quarter. Marshall Wace LLP grew its stake in CocaCola by 1,206.9% during the 4th quarter. Marshall Wace LLP now owns 10,641,007 shares of the company's stock worth $743,913,000 after buying an additional 9,826,768 shares during the last quarter. Bank of America Corp DE grew its stake in CocaCola by 29.2% during the 4th quarter. Bank of America Corp DE now owns 40,182,323 shares of the company's stock worth $2,809,146,000 after buying an additional 9,078,447 shares during the last quarter. Finally, Capital World Investors increased its position in CocaCola by 98.7% during the 4th quarter. Capital World Investors now owns 12,573,527 shares of the company's stock valued at $879,015,000 after buying an additional 6,246,627 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Nancy Quan sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the sale, the executive vice president owned 223,330 shares of the company's stock, valued at $20,186,798.70. This trade represents a 18.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 436,296 shares of CocaCola stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. 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 1,586,900 shares of company stock valued at $135,928,617 in the last three months. 0.90% of the stock is currently owned by company insiders.

CocaCola Price Performance

Shares of KO opened at $88.53 on Thursday. The business's 50-day moving average is $85.82 and its two-hundred day moving average is $81.06. The company has a market capitalization of $380.93 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.43 and a beta of 0.34. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $92.49.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. The business had revenue of $13.37 billion during the quarter, compared to analysts' expectations of $13.17 billion. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.During the same quarter in the previous year, the firm posted $0.87 EPS. The company'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. Research analysts predict that CocaCola Company will post 3.29 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola's dividend payout ratio (DPR) is currently 63.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley reiterated an "overweight" rating and issued a $100.00 price target (up from $89.00) on shares of CocaCola in a research note on Wednesday, July 29th. Citigroup upped their price objective on shares of CocaCola from $97.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Jefferies Financial Group increased their price objective on shares of CocaCola from $95.00 to $104.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their target price on shares of CocaCola from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of CocaCola from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, CocaCola currently has a consensus rating of "Moderate Buy" and an average target price of $95.76.

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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source