Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Position in CocaCola Company (The) $KO

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in CocaCola Company (The) (NYSE:KO) by 6.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 872,690 shares of the company’s stock after purchasing an additional 53,077 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CocaCola were worth $70,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KO. Eurizon SLJ Capital Ltd acquired a new position in CocaCola in the fourth quarter valued at approximately $552,000. King Luther Capital Management Corp grew its stake in shares of CocaCola by 0.8% during the 4th quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company’s stock worth $269,330,000 after purchasing an additional 31,694 shares during the period. Cibc World Market Inc. grew its stake in shares of CocaCola by 4.8% during the 4th quarter. Cibc World Market Inc. now owns 1,759,546 shares of the company’s stock worth $123,010,000 after purchasing an additional 79,946 shares during the period. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of CocaCola during the 4th quarter valued at approximately $1,544,000. Finally, Bleakley Financial Group LLC increased its holdings in shares of CocaCola by 21.1% during the 4th quarter. Bleakley Financial Group LLC now owns 152,614 shares of the company’s stock valued at $10,669,000 after purchasing an additional 26,605 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Price Performance

CocaCola stock opened at $87.66 on Friday. The stock has a market capitalization of $377.15 billion, a P/E ratio of 26.32, a P/E/G ratio of 3.05 and a beta of 0.33. The company’s fifty day moving average price is $83.51 and its 200 day moving average price is $79.81. 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 1 year low of $65.35 and a 1 year high of $90.92.

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

CocaCola Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. CocaCola’s payout ratio is currently 63.66%.

Insider Activity

In related news, insider Bruno Pietracci sold 75,727 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.65, for a total transaction of $6,788,925.55. Following the completion of the transaction, the insider owned 35,393 shares in the company, valued at $3,172,982.45. This represents a 68.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, Chairman James Quincey sold 436,296 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chairman directly owned 122,833 shares in the company, valued at $9,842,608.29. This represents a 78.03% decrease in their ownership of the stock. 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 90 days, insiders have sold 1,433,535 shares of company stock worth $121,922,698. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KO shares. Citigroup increased their price target on shares of CocaCola from $97.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Piper Sandler lifted their price objective on shares of CocaCola from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $100.00 price objective (up from $89.00) on shares of CocaCola in a report on Wednesday, July 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $93.00 price objective on shares of CocaCola in a research report on Wednesday, July 29th. Finally, Bank of America increased their target price on shares of CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.76.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Raised outlook and margin gains: Coca-Cola’s improved full-year revenue and earnings guidance, expanding margins, broad-based volume growth and market-share gains reinforce confidence in its operating momentum. Coca-Cola’s Raised Guidance And Margin Gains Might Change the Case for Investing in Coca-Cola
• Positive Sentiment: Volume growth supports demand: Recent analysis points to steady global volume growth, suggesting consumers continue to purchase Coca-Cola products despite broader economic pressure. Coca-Cola in Focus as Volume Growth Anchors a Steady Picture
• Positive Sentiment: Analyst expectations remain supportive: Analysts have issued higher earnings forecasts and are preparing for third-quarter results, extending the positive reaction to the company’s latest earnings beat. Coca-Cola reported $0.97 in quarterly EPS versus a $0.93 consensus estimate, with revenue up 6.2% year over year.
• Positive Sentiment: Defensive and income appeal: Commentary continues to highlight KO as a Dividend King and a long-term Warren Buffett-backed holding. That reputation may support demand from investors seeking reliable dividends and relatively defensive consumer-staples exposure. 5 Dividend Kings to Buy and Hold Forever in August
• Neutral Sentiment: Valuation and sustainability are under debate: Investors are weighing Coca-Cola’s stronger results against whether its recent momentum can persist through the second half of the year. With the stock trading at a premium earnings multiple, further gains may depend on continued execution. The Debates That Matter for KO Stock
• Neutral Sentiment: Macro risks remain: Coverage is monitoring inflation, gasoline prices and consumer spending because higher household costs could pressure demand or reduce purchasing power. Why Is Coca-Cola in Focus as Gasoline Prices Pressure Consumers?
• Neutral Sentiment: Bottler financing news: Coca-Cola ?çecek authorized management to seek up to $1 billion in overseas debt for refinancing and growth. The development concerns the regional bottler rather than Coca-Cola directly, so its immediate effect on KO is likely limited. Coca-Cola ?çecek Seeks Up to USD 1 Billion in Overseas Debt

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.