Skandinaviska Enskilda Banken AB publ Sells 38,684 Shares of CocaCola Company (The) $KO

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 797,145 shares of the company’s stock after selling 38,684 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in CocaCola were worth $52,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of CocaCola during the second quarter valued at about $3,846,270,000. Vanguard Group Inc. raised its stake in shares of CocaCola by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after acquiring an additional 6,241,163 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in CocaCola by 7,239.2% during the second quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock valued at $435,086,000 after acquiring an additional 6,065,840 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in CocaCola by 343.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,486,096 shares of the company’s stock valued at $297,518,000 after acquiring an additional 3,474,015 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in CocaCola by 28.7% in the second quarter. Schroder Investment Management Group now owns 11,713,984 shares of the company’s stock valued at $828,764,000 after acquiring an additional 2,613,316 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KO. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $83.00 price target on shares of CocaCola in a research report on Thursday, January 29th. Truist Financial set a $85.00 target price on CocaCola in a research report on Wednesday, February 11th. Bank of America increased their price target on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Evercore restated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $84.19.

Read Our Latest Analysis on CocaCola

CocaCola Stock Down 0.4%

CocaCola stock opened at $78.68 on Tuesday. The business’s 50-day simple moving average is $72.24 and its two-hundred day simple moving average is $70.17. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46. The company has a market cap of $338.46 billion, a PE ratio of 25.88, a PEG ratio of 3.30 and a beta of 0.36. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $80.41.

CocaCola (NYSE:KOGet Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Equities analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

Insider Buying and Selling

In other news, CEO James Quincey sold 337,824 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $77.10, for a total value of $26,046,230.40. Following the sale, the chief executive officer owned 342,546 shares in the company, valued at $26,410,296.60. This represents a 49.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

About CocaCola

(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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