Cardano Risk Management B.V. Has $116.85 Million Stock Holdings in CocaCola Company (The) $KO

Cardano Risk Management B.V. trimmed its stake in shares of CocaCola Company (The) (NYSE:KO) by 89.4% in the first quarter, HoldingsChannel reports. The firm owned 1,536,524 shares of the company’s stock after selling 12,895,666 shares during the quarter. CocaCola accounts for about 1.1% of Cardano Risk Management B.V.’s holdings, making the stock its 24th largest holding. Cardano Risk Management B.V.’s holdings in CocaCola were worth $116,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management lifted its stake in shares of CocaCola by 8.9% during the 1st quarter. Ritholtz Wealth Management now owns 111,622 shares of the company’s stock worth $8,489,000 after buying an additional 9,130 shares during the last quarter. Global Financial Private Client LLC grew its stake in CocaCola by 2.4% in the 1st quarter. Global Financial Private Client LLC now owns 8,136 shares of the company’s stock valued at $619,000 after buying an additional 191 shares during the last quarter. Corundum Group Inc. grew its stake in CocaCola by 13.7% in the 1st quarter. Corundum Group Inc. now owns 12,036 shares of the company’s stock valued at $915,000 after buying an additional 1,451 shares during the last quarter. Echo45 Advisors LLC bought a new position in CocaCola in the 1st quarter valued at about $206,000. Finally, MBM Wealth Consultants LLC acquired a new stake in CocaCola during the first quarter worth approximately $44,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KO. Weiss Ratings upgraded CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Barclays increased their target price on CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Sanford C. Bernstein assumed coverage on CocaCola in a research note on Thursday, June 11th. They issued a “market perform” rating and a $84.00 price target for the company. UBS Group upped their price objective on CocaCola from $90.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley set a $89.00 price objective on CocaCola in a research report on Wednesday, June 10th. Fifteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.69.

CocaCola Trading Up 0.4%

Shares of NYSE:KO opened at $80.62 on Thursday. The business’s 50 day simple moving average is $79.20 and its 200 day simple moving average is $76.16. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $84.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The company has a market capitalization of $346.87 billion, a P/E ratio of 25.35, a P/E/G ratio of 3.21 and a beta of 0.35.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The firm had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $12.24 billion. During the same period in the prior year, the company posted $0.73 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, research analysts anticipate that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Dividend Announcement

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

Insider Transactions at CocaCola

In related news, EVP Nancy Quan sold 31,625 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the sale, the executive vice president owned 223,330 shares in the company, valued at approximately $18,074,096.90. This trade represents a 12.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 23,984 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $83.41, for a total transaction of $2,000,505.44. Following the transaction, the executive vice president owned 157,400 shares of the company’s stock, valued at approximately $13,128,734. This represents a 13.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 899,905 shares of company stock valued at $71,832,315. Company insiders own 0.90% of the company’s stock.

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.