Swedbank AB Purchases 30,724 Shares of CocaCola Company (The) $KO

Key Points

• Swedbank AB increased its stake in Coca-Cola Company by 1.5%, totaling over 2 million shares worth approximately $143.6 million.
• Recent insider trading saw Nikolaos Koumettis sell 37,396 shares at $69.10, reducing his position by 15.15%.
• Analysts are optimistic about Coca-Cola, with price targets ranging from $76 to $83, and a consensus rating of "Buy" from the majority.

Swedbank AB boosted its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,029,852 shares of the company's stock after buying an additional 30,724 shares during the period. Swedbank AB's holdings in CocaCola were worth $143,612,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Sage Financial Management Group Inc. acquired a new stake in shares of CocaCola in the 1st quarter valued at $216,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of CocaCola by 6.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock valued at $2,212,300,000 after purchasing an additional 1,794,561 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of CocaCola by 3.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock valued at $8,686,000 after purchasing an additional 3,920 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of CocaCola by 0.5% in the 1st quarter. IFM Investors Pty Ltd now owns 762,841 shares of the company's stock valued at $54,635,000 after purchasing an additional 3,837 shares in the last quarter. Finally, Advisors Capital Management LLC boosted its stake in shares of CocaCola by 37.7% in the 1st quarter. Advisors Capital Management LLC now owns 471,034 shares of the company's stock valued at $33,735,000 after purchasing an additional 128,852 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KO. JPMorgan Chase & Co. lifted their price target on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Morgan Stanley reissued an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. BNP Paribas reissued an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. UBS Group decreased their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat.com, CocaCola presently has an average rating of "Buy" and an average target price of $76.93.

CocaCola Stock Performance

KO stock traded up $0.06 during midday trading on Friday, hitting $66.52. The company's stock had a trading volume of 31,087,715 shares, compared to its average volume of 17,067,516. The stock's 50-day moving average price is $68.93 and its 200 day moving average price is $70.22. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The stock has a market cap of $286.28 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 3.46 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The business's revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, equities analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.1%. CocaCola's payout ratio is currently 72.34%.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.97% of the company's stock.

CocaCola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.