Oddo BHF Asset Management Sas Makes New $1.64 Million Investment in CocaCola Company (The) $KO

Oddo BHF Asset Management Sas acquired a new position in shares of CocaCola Company (The) (NYSE:KOFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 23,499 shares of the company’s stock, valued at approximately $1,643,000.

Several other large investors have also recently bought and sold shares of the company. Rakuten Investment Management Inc. grew its position in shares of CocaCola by 4,370.0% during the 4th quarter. Rakuten Investment Management Inc. now owns 518,481 shares of the company’s stock worth $36,377,000 after buying an additional 506,882 shares during the period. L2 Asset Management LLC grew its position in shares of CocaCola by 8.5% during the 4th quarter. L2 Asset Management LLC now owns 18,594 shares of the company’s stock worth $1,300,000 after buying an additional 1,456 shares during the period. Bluedoor Private Wealth LLC acquired a new stake in shares of CocaCola during the 4th quarter worth approximately $1,406,000. 71 West Capital Partners acquired a new stake in shares of CocaCola during the 4th quarter worth approximately $980,000. Finally, Faithward Advisors LLC grew its position in shares of CocaCola by 5.7% during the 4th quarter. Faithward Advisors LLC now owns 10,082 shares of the company’s stock worth $705,000 after buying an additional 547 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Price Performance

Shares of KO stock opened at $80.29 on Wednesday. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $84.04. The firm has a market capitalization of $345.44 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 3.23 and a beta of 0.35. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average of $78.86 and a 200-day moving average of $75.81.

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

CocaCola Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of CocaCola from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft increased their target price on CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, March 30th. Barclays increased their target price on CocaCola from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. UBS Group increased their target price on CocaCola from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein began coverage on CocaCola in a research note on Thursday, June 11th. They issued a “market perform” rating and a $84.00 target price on the stock. Fifteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.69.

Check Out Our Latest Report on KO

More CocaCola News

Here are the key news stories impacting CocaCola this week:

Insider Buying and Selling at CocaCola

In other CocaCola news, Chairman James Quincey sold 436,296 shares of CocaCola stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $80.13, for a total value of $34,960,398.48. Following the transaction, the chairman owned 122,833 shares of the company’s stock, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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, EVP Jennifer K. Mann sold 100,000 shares of CocaCola stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $79.46, for a total transaction of $7,946,000.00. Following the completion of the transaction, the executive vice president directly owned 207,400 shares in the company, valued at approximately $16,480,004. The trade was a 32.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 quarter, insiders have sold 899,905 shares of company stock valued at $71,832,315. 0.90% of the stock is currently owned by corporate insiders.

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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