CIBC Asset Management Inc Increases Holdings in CocaCola Company (The) $KO

CIBC Asset Management Inc increased its stake in shares of CocaCola Company (The) (NYSE:KO) by 37.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,383,870 shares of the company’s stock after acquiring an additional 375,073 shares during the quarter. CIBC Asset Management Inc’s holdings in CocaCola were worth $96,723,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Anfield Capital Management LLC lifted its position in CocaCola by 438.8% during the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after buying an additional 294 shares in the last quarter. Headlands Technologies LLC purchased a new position in CocaCola during the second quarter worth about $26,000. Daytona Street Capital LLC purchased a new position in CocaCola during the fourth quarter worth about $29,000. Elevated Capital Advisors LLC purchased a new position in CocaCola during the fourth quarter worth about $30,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in CocaCola during the third quarter worth about $31,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Multiple articles highlight Coca-Cola as a dependable dividend and income stock, reinforcing its appeal in a volatile market. Is Coca-Cola (KO) the Safest Dividend Stock To Buy?
• Positive Sentiment: Analysts and market commentators remain optimistic after strong quarterly results, with mentions of solid revenue growth and record margins supporting the stock’s valuation. Is Coca-Cola (KO) a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Commentary continues to frame KO as a growth-and-income name, helped by resilient beverage demand and its ability to raise prices without losing momentum. Coca-Cola (KO) Combines Growth and Income in a Challenging Consumer Environment
• Positive Sentiment: Talk of a potential new all-time high suggests investor confidence remains strong and that KO is trading near the top of its recent range. Coca Cola Stock Will Hit a New All-Time High On This Date
• Neutral Sentiment: Coca-Cola is reportedly exploring an IPO for its India bottling business, a restructuring move that could surface value over time but also adds uncertainty around the timing and execution. Coca-Cola explores IPO in India for its bottling business
• Neutral Sentiment: Additional coverage reiterated Coca-Cola’s appeal as a dividend and consumer-staples holding, but did not introduce a major new catalyst. My Top 3 Consumer Staples Dividend Stocks to Buy Now

CocaCola Price Performance

KO stock opened at $78.44 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $337.47 billion, a PE ratio of 24.67, a P/E/G ratio of 3.14 and a beta of 0.35. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $82.66. The business’s fifty day moving average price is $77.81 and its 200 day moving average price is $75.14.

CocaCola (NYSE:KO) last posted its quarterly earnings data 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. The firm had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, sell-side analysts anticipate that CocaCola Company will post 3.26 EPS for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s dividend payout ratio is presently 66.67%.

Insider Buying and Selling

In related news, EVP Monica Howard Douglas sold 23,880 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $77.37, for a total transaction of $1,847,595.60. Following the sale, the executive vice president directly owned 17,725 shares of the company’s stock, valued at $1,371,383.25. This represents a 57.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the sale, the executive vice president directly owned 223,330 shares in the company, valued at approximately $18,074,096.90. The trade was 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 a total of 255,505 shares of company stock valued at $20,187,007 in the last ninety days. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on KO shares. Royal Bank Of Canada set a $87.00 target price on shares of CocaCola in a research note on Wednesday, February 11th. JPMorgan Chase & Co. lifted their target price on shares of CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings raised shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 4th. Truist Financial set a $85.00 target price on CocaCola in a research report on Wednesday, February 11th. Finally, Citigroup lifted their target price on CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Fifteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $86.80.

CocaCola Profile

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.