SBI Okasan Asset Management Co.Ltd. Buys Shares of 22,000 CocaCola Company (The) $KO

Key Points

• SBI Okasan Asset Management opened a new position in Coca-Cola during the fourth quarter, buying 22,000 shares valued at about $1.544 million.
• Several other hedge funds also increased or initiated holdings in KO, and the stock remains heavily institutionally owned at 70.26%.
• Coca-Cola’s latest quarter beat expectations, with EPS of $0.86 and revenue of $12.47 billion, while analysts largely remain bullish with an average “Buy” rating and a price target of $86.80.

SBI Okasan Asset Management Co.Ltd. acquired a new position in CocaCola Company (The) (NYSE:KO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,000 shares of the company's stock, valued at approximately $1,544,000.

Other hedge funds have also recently made changes to their positions in the company. Anfield Capital Management LLC lifted its holdings in shares of CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock worth $25,000 after acquiring an additional 294 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of CocaCola in the 2nd quarter worth approximately $26,000. Cloud Capital Management LLC bought a new stake in shares of CocaCola in the 3rd quarter worth approximately $27,000. Daytona Street Capital LLC bought a new stake in shares of CocaCola in the 4th quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of CocaCola during the third quarter valued at approximately $30,000. 70.26% of the stock is currently owned by institutional investors.

Insider Transactions at CocaCola

In other news, Chairman James Quincey sold 200,000 shares of the company's stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $78.90, for a total value of $15,780,000.00. Following the sale, the chairman directly owned 78,155 shares of the company's stock, valued at $6,166,429.50. This represents a 71.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $77.37, for a total transaction of $1,847,595.60. Following the sale, the executive vice president directly owned 17,725 shares in the company, valued at $1,371,383.25. This trade represents a 57.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 630,963 shares of company stock worth $50,016,979. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KO shares. Royal Bank Of Canada set a $87.00 price target on shares of CocaCola in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of CocaCola from $83.00 to $86.00 and gave the company a "buy" rating in a report on Monday, March 30th. Jefferies Financial Group upped their price target on shares of CocaCola from $87.00 to $90.00 and gave the company a "buy" rating in a report on Monday, March 16th. Wells Fargo & Company upped their price target on shares of CocaCola from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, May 18th. Finally, UBS Group upped their price target on shares of CocaCola from $90.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Fifteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $86.80.

CocaCola Stock Down 1.4%

NYSE:KO opened at $80.45 on Friday. The firm's 50-day moving average price is $77.69 and its 200-day moving average price is $75.03. The company has a market capitalization of $346.13 billion, a PE ratio of 25.30, a P/E/G ratio of 3.26 and a beta of 0.35. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $82.66.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The firm had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.24 billion. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The company's revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, equities analysts predict that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.53 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.6%. CocaCola's dividend payout ratio is currently 66.67%.

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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