Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in CocaCola Company (The) $KO

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 791,178 shares of the company’s stock after purchasing an additional 7,690 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CocaCola were worth $52,471,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of KO. Norges Bank purchased a new stake in CocaCola in the second quarter worth $3,846,270,000. Vanguard Group Inc. grew 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 during the period. Laurel Wealth Advisors LLC increased its holdings in CocaCola by 7,239.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock worth $435,086,000 after acquiring an additional 6,065,840 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in CocaCola by 343.3% in the 3rd 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 period. Finally, Schroder Investment Management Group lifted its holdings in CocaCola by 28.7% during the second quarter. Schroder Investment Management Group now owns 11,713,984 shares of the company’s stock valued at $828,764,000 after purchasing an additional 2,613,316 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the completion of the sale, the executive vice president directly owned 58,067 shares in the company, valued at $4,111,143.60. This represents a 70.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Monica Howard Douglas sold 13,548 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $69.93, for a total value of $947,411.64. Following the transaction, the executive vice president directly owned 37,725 shares in the company, valued at $2,638,109.25. This trade represents a 26.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 225,252 shares of company stock worth $15,953,007. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Evercore ISI restated an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. Piper Sandler raised their price target on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Finally, Cowen restated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $79.08.

Get Our Latest Research Report on CocaCola

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

CocaCola Stock Up 1.7%

Shares of NYSE:KO opened at $70.54 on Friday. The firm has a market capitalization of $303.42 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 3.57 and a beta of 0.39. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. CocaCola Company has a 52-week low of $60.71 and a 52-week high of $74.38. The firm has a fifty day moving average of $70.42 and a 200 day moving average of $69.33.

CocaCola (NYSE:KOGet Free Report) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.CocaCola has set its FY 2025 guidance at 2.966-2.966 EPS. As a group, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. CocaCola’s dividend payout ratio (DPR) is 67.55%.

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.

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Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KOFree Report).

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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