Andra AP fonden Lowers Position in CocaCola Company (The) $KO

Andra AP fonden decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 7.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 618,584 shares of the company’s stock after selling 50,200 shares during the period. CocaCola comprises about 0.6% of Andra AP fonden’s holdings, making the stock its 29th largest holding. Andra AP fonden’s holdings in CocaCola were worth $50,272,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Louisbourg Investments Inc. purchased a new position in shares of CocaCola during the first quarter valued at approximately $25,000. Evolution Wealth Management Inc. increased its position in CocaCola by 1,081.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after buying an additional 357 shares in the last quarter. Guardian Partners Inc. purchased a new position in CocaCola during the second quarter valued at $27,000. Bard Associates Inc. purchased a new position in shares of CocaCola in the 4th quarter worth about $30,000. Finally, Timbuktu Capital Management LLC bought a new position in CocaCola in the 2nd quarter worth about $41,000. 70.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Sanket Ray sold 9,958 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the sale, the insider directly owned 62,105 shares in the company, valued at $5,372,082.50. This represents a 13.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John Murphy sold 152,483 shares of CocaCola stock in a transaction on Friday, July 31st. The shares were sold at an average price of $87.31, for a total value of $13,313,290.73. Following the transaction, the chief financial officer owned 279,917 shares in the company, valued at $24,439,553.27. This trade represents a 35.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 926,620 shares of company stock valued at $83,075,714. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Stock Performance

Shares of KO traded up $1.27 during mid-day trading on Tuesday, hitting $88.39. 4,932,404 shares of the company traded hands, compared to its average volume of 16,945,387. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30. The stock has a 50-day moving average price of $87.22 and a two-hundred day moving average price of $81.83. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $92.49. The stock has a market cap of $380.32 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 3.44 and a beta of 0.34.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. The company had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Equities analysts anticipate that CocaCola Company will post 3.29 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s dividend payout ratio is currently 63.66%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KO shares. Bank of America raised their price objective on shares of CocaCola from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Argus raised their price target on shares of CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Evercore reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of CocaCola in a research report on Tuesday, July 28th. Morgan Stanley reiterated an “overweight” rating and set a $100.00 target price (up from $89.00) on shares of CocaCola in a research note on Wednesday, July 29th. Finally, Piper Sandler reissued an “overweight” rating on shares of CocaCola in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, CocaCola has an average rating of “Moderate Buy” and an average price target of $95.76.

CocaCola Company Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company best known for its Coca-Cola soft drink, which was first introduced in 1886. The company was incorporated in 1892 and has grown into one of the world’s largest beverage businesses.

Its portfolio includes sparkling soft drinks such as Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite and Fanta, along with water, sports drinks, coffee, tea, juice and dairy-based beverages. Other brands associated with the company include Dasani, smartwater, Powerade, Minute Maid, Simply, Costa Coffee, fairlife and Topo Chico.

The Coca-Cola Company primarily develops, owns and markets beverage brands, while relying on a global network of independent bottling partners and distributors to manufacture, package and deliver many of its products.