iA Global Asset Management Inc. Raises Stake in CocaCola Company (The) $KO

iA Global Asset Management Inc. raised its stake in shares of CocaCola Company (The) (NYSE:KO) by 100.9% in the second quarter, Holdings Channel reports. The institutional investor owned 438,806 shares of the company’s stock after buying an additional 220,396 shares during the quarter. iA Global Asset Management Inc.’s holdings in CocaCola were worth $35,662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swiss Life Asset Management Ltd boosted its position in shares of CocaCola by 3.3% in the second quarter. Swiss Life Asset Management Ltd now owns 1,353,013 shares of the company’s stock valued at $109,959,000 after acquiring an additional 42,782 shares during the period. Barnes Pettey Financial Advisors LLC bought a new position in CocaCola in the 2nd quarter valued at $206,000. Baker Avenue Asset Management LP grew its position in shares of CocaCola by 21.0% during the 2nd quarter. Baker Avenue Asset Management LP now owns 29,750 shares of the company’s stock valued at $2,418,000 after purchasing an additional 5,164 shares in the last quarter. Ducere Wealth Management LLC bought a new position in shares of CocaCola in the second quarter worth $245,000. Finally, Victory Financial Group LLC raised its position in shares of CocaCola by 38.0% in the second quarter. Victory Financial Group LLC now owns 10,836 shares of the company’s stock worth $881,000 after buying an additional 2,985 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola News Summary

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.

Insider Buying and Selling

In related news, EVP Nancy Quan sold 50,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at $20,186,798.70. This represents a 18.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanket Ray sold 9,958 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $86.50, for a total value of $861,367.00. Following the transaction, the insider owned 62,105 shares in the company, valued at approximately $5,372,082.50. The trade was a 13.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,483,535 shares of company stock worth $126,442,198 in the last 90 days. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KO has been the subject of several recent analyst reports. Barclays boosted their target price on CocaCola from $91.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $86.00 price objective (up from $82.00) on shares of CocaCola in a research report on Tuesday, July 28th. Weiss Ratings reiterated a “buy (b+)” rating on shares of CocaCola in a research report on Friday, July 31st. Argus increased their price target on shares of CocaCola from $91.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Seaport Research Partners set a $95.00 price objective on shares of CocaCola in a research report on Friday, August 14th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, CocaCola has an average rating of “Moderate Buy” and a consensus price target of $95.76.

CocaCola Stock Up 0.5%

Shares of NYSE KO opened at $90.91 on Friday. The stock has a market capitalization of $391.14 billion, a P/E ratio of 27.30, a PEG ratio of 3.16 and a beta of 0.33. CocaCola Company has a one year low of $65.35 and a one year high of $91.86. The firm’s 50 day simple moving average is $84.27 and its two-hundred day simple moving average is $80.37. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12.

CocaCola (NYSE:KO) 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 company had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $13.17 billion. During the same quarter in the prior year, the company earned $0.87 EPS. The firm’s 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, analysts expect that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. CocaCola’s payout ratio is currently 63.66%.

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.