CocaCola Company (The) $KO is Commerzbank Aktiengesellschaft FI’s 6th Largest Position

Commerzbank Aktiengesellschaft FI decreased its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 0.8% during the first quarter, HoldingsChannel reports. The firm owned 2,203,320 shares of the company’s stock after selling 17,548 shares during the quarter. CocaCola accounts for approximately 3.5% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 6th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in CocaCola were worth $167,562,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KO. Norges Bank bought a new stake in CocaCola during the 4th quarter valued at approximately $3,865,807,000. Cardano Risk Management B.V. grew its stake in shares of CocaCola by 867.2% in the 4th quarter. Cardano Risk Management B.V. now owns 14,432,190 shares of the company’s stock worth $1,008,954,000 after buying an additional 12,939,959 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of CocaCola by 1,206.9% during the fourth quarter. Marshall Wace LLP now owns 10,641,007 shares of the company’s stock valued at $743,913,000 after acquiring an additional 9,826,768 shares in the last quarter. Bank of America Corp DE increased its stake in CocaCola by 29.2% during the 4th quarter. Bank of America Corp DE now owns 40,182,323 shares of the company’s stock valued at $2,809,146,000 after purchasing an additional 9,078,447 shares in the last quarter. Finally, Capital World Investors lifted its stake in shares of CocaCola by 98.7% in the fourth quarter. Capital World Investors now owns 12,573,527 shares of the company’s stock worth $879,015,000 after buying an additional 6,246,627 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Activity

In other CocaCola news, EVP Jennifer K. Mann sold 100,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $79.46, for a total value of $7,946,000.00. Following the transaction, the executive vice president owned 181,384 shares of the company’s stock, valued at approximately $14,412,772.64. This represents a 35.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Nancy Quan sold 31,625 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were 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 represents a 12.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 899,905 shares of company stock valued at $71,832,315 in the last ninety days. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley set a $89.00 price target on shares of CocaCola in a research report on Wednesday, June 10th. Piper Sandler reaffirmed an “overweight” rating on shares of CocaCola in a research report on Friday, June 26th. Citigroup increased their target price on CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Truist Financial set a $88.00 target price on CocaCola in a report on Friday, June 26th. Finally, Bank of America boosted their price target on CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Fourteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, CocaCola currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.20.

Read Our Latest Analysis on KO

CocaCola Stock Performance

Shares of KO stock opened at $82.07 on Tuesday. The company has a 50 day moving average price of $81.31 and a 200-day moving average price of $77.77. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $85.68. The firm has a market capitalization of $353.09 billion, a PE ratio of 25.81, a P/E/G ratio of 3.26 and a beta of 0.34. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09.

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

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. CocaCola’s payout ratio is currently 66.67%.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

CocaCola Company 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.

Further Reading

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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