iA Global Asset Management Inc. Decreases Position in CocaCola Company (The) $KO

iA Global Asset Management Inc. reduced its position in CocaCola Company (The) (NYSE:KO) by 13.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 218,410 shares of the company’s stock after selling 34,180 shares during the quarter. iA Global Asset Management Inc.’s holdings in CocaCola were worth $16,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Louisbourg Investments Inc. purchased a new position in shares of CocaCola in the first quarter worth about $25,000. Anfield Capital Management LLC lifted its stake in shares of CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after buying an additional 294 shares in the last quarter. Headlands Technologies LLC bought a new position in CocaCola in the 2nd quarter worth approximately $26,000. Evolution Wealth Management Inc. boosted its holdings in CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after buying an additional 357 shares during the period. Finally, Daytona Street Capital LLC purchased a new position in CocaCola in the 4th quarter valued at approximately $29,000. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KO. Deutsche Bank Aktiengesellschaft raised their price target on CocaCola from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, March 30th. UBS Group increased their price objective on CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley set a $89.00 target price on CocaCola in a research note on Wednesday, June 10th. Citigroup lifted their target price on CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Wells Fargo & Company upped their price target on CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Fifteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.88.

CocaCola Price Performance

Shares of NYSE:KO opened at $81.18 on Wednesday. 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 stock has a market cap of $349.27 billion, a PE ratio of 25.53, a PEG ratio of 3.30 and a beta of 0.35. The company’s fifty day moving average is $79.69 and its 200 day moving average is $76.49. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $84.04.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $0.73 EPS. The firm’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. Research analysts anticipate that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Nancy Quan sold 31,625 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 436,296 shares of the firm’s 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 completion of 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 position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 899,905 shares of company stock valued at $71,832,315 over the last three months. Corporate 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.