CocaCola Company (The) $KO Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in shares of CocaCola Company (The) (NYSE:KOFree Report) by 15.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 264,955 shares of the company’s stock after selling 47,564 shares during the quarter. CocaCola accounts for about 0.9% of Meiji Yasuda Asset Management Co Ltd.’s investment portfolio, making the stock its 18th largest holding. Meiji Yasuda Asset Management Co Ltd.’s holdings in CocaCola were worth $18,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Van Hulzen Asset Management LLC lifted its position in CocaCola by 0.4% during the fourth quarter. Van Hulzen Asset Management LLC now owns 209,927 shares of the company’s stock valued at $14,676,000 after buying an additional 782 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in shares of CocaCola by 5.1% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 96,914 shares of the company’s stock worth $6,775,000 after purchasing an additional 4,723 shares in the last quarter. Commonwealth Financial Services LLC lifted its stake in shares of CocaCola by 12.1% during the fourth quarter. Commonwealth Financial Services LLC now owns 14,913 shares of the company’s stock worth $1,043,000 after purchasing an additional 1,613 shares in the last quarter. Resolute Wealth Strategies LLC lifted its stake in shares of CocaCola by 3.3% during the fourth quarter. Resolute Wealth Strategies LLC now owns 6,311 shares of the company’s stock worth $441,000 after purchasing an additional 201 shares in the last quarter. Finally, FourThought Financial Partners LLC lifted its stake in shares of CocaCola by 18.5% during the fourth quarter. FourThought Financial Partners LLC now owns 5,664 shares of the company’s stock worth $396,000 after purchasing an additional 883 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KO shares. UBS Group boosted their price objective on CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 4th. Royal Bank Of Canada set a $87.00 price objective on CocaCola in a research note on Wednesday, February 11th. TD Cowen boosted their price objective on CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Fifteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $86.80.

Get Our Latest Stock Report on KO

Insider Activity

In related news, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the sale, the executive vice president owned 223,330 shares of the company’s stock, valued at approximately $18,074,096.90. This trade represents a 12.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John Murphy sold 72,449 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $80.52, for a total value of $5,833,593.48. Following the completion of the sale, the chief financial officer directly owned 279,917 shares in the company, valued at approximately $22,538,916.84. This trade represents a 20.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 786,726 shares of company stock valued at $62,547,977 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

CocaCola Trading Down 0.4%

NYSE:KO opened at $81.21 on Friday. The stock has a market cap of $349.41 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 3.26 and a beta of 0.35. The business’s 50-day simple moving average is $77.33 and its 200 day simple moving average is $74.60. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. CocaCola Company has a one year low of $65.35 and a one year high of $82.66.

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

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, June 15th. This represents a $2.12 annualized dividend and a yield of 2.6%. CocaCola’s dividend payout ratio is 66.67%.

Trending Headlines about CocaCola

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CocaCola Profile

(Free Report)

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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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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