Swiss Life Asset Management Ltd Purchases 42,782 Shares of CocaCola Company (The) $KO

Key Points

• Swiss Life Asset Management increased its Coca-Cola stake by 3.3% in the second quarter, purchasing 42,782 shares and bringing its holdings to 1.35 million shares valued at approximately $110 million. Institutional investors own 70.26% of the company.
• Coca-Cola reported quarterly EPS of $0.97 versus the $0.93 consensus estimate, while revenue rose 6.2% year over year to $13.37 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.76.
• The company declared a quarterly dividend of $0.53 per share, equivalent to $2.12 annually and a 2.3% yield. Insiders have sold shares recently, including transactions described as covering tax withholding obligations on vested equity awards.

Swiss Life Asset Management Ltd lifted its position in CocaCola Company (The) (NYSE:KO - Free Report) by 3.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,353,013 shares of the company's stock after purchasing an additional 42,782 shares during the period. Swiss Life Asset Management Ltd's holdings in CocaCola were worth $109,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Anfield Capital Management LLC boosted 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 valued at $25,000 after buying an additional 294 shares in the last quarter. Louisbourg Investments Inc. bought a new position in shares of CocaCola during the 1st quarter worth approximately $25,000. Headlands Technologies LLC purchased a new stake in CocaCola during the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. lifted its position in CocaCola by 1,081.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock valued at $27,000 after acquiring an additional 357 shares during the last quarter. Finally, Bard Associates Inc. acquired a new stake in CocaCola in the fourth quarter valued at approximately $30,000. 70.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman James Quincey sold 436,296 shares of the business's stock in a transaction dated 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 directly owned 122,833 shares of the company's stock, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 company's stock in a transaction that occurred on Wednesday, August 19th. The stock was 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 in the company, valued at $20,186,798.70. The trade was 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. Insiders sold a total of 1,483,535 shares of company stock worth $126,442,198 over the last three months. Company insiders own 0.90% of the company's stock.

Key Headlines Impacting CocaCola

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.

CocaCola Stock Up 0.5%

NYSE KO opened at $90.91 on Friday. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $91.86. 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 business's fifty day simple moving average is $84.27 and its 200-day simple moving average is $80.37. The firm has a market cap of $391.14 billion, a PE ratio of 27.30, a P/E/G ratio of 3.16 and a beta of 0.33.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The firm had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. CocaCola's quarterly revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities analysts anticipate that CocaCola Company will post 3.29 earnings per share for the current year.

CocaCola Dividend Announcement

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

Analyst Upgrades and Downgrades

KO has been the topic of several research analyst reports. Weiss Ratings reissued a "buy (b+)" rating on shares of CocaCola in a research report on Friday, July 31st. UBS Group set a $104.00 price target on CocaCola and gave the company a "buy" rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $93.00 target price on shares of CocaCola in a research note on Wednesday, July 29th. Evercore restated an "outperform" rating and set a $100.00 price target on shares of CocaCola in a research report on Tuesday, July 28th. Finally, Barclays lifted their price objective on shares of CocaCola from $91.00 to $93.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Fifteen equities research 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $95.76.

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.

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