Andra AP fonden Sells 50,200 Shares of 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, Holdings Channel reports. The institutional investor owned 618,584 shares of the company’s stock after selling 50,200 shares during the period. CocaCola makes up approximately 0.6% of Andra AP fonden’s investment portfolio, making the stock its 29th biggest position. Andra AP fonden’s holdings in CocaCola were worth $50,272,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Lantern Wealth Advisors LLC boosted its stake in shares of CocaCola by 3.6% in the second quarter. Lantern Wealth Advisors LLC now owns 3,316 shares of the company’s stock worth $270,000 after acquiring an additional 115 shares during the period. Gill Capital Partners LLC raised its stake in CocaCola by 4.1% during the 2nd quarter. Gill Capital Partners LLC now owns 2,992 shares of the company’s stock valued at $243,000 after purchasing an additional 117 shares during the period. Paragon Private Wealth Management LLC lifted its holdings in CocaCola by 1.4% in the 2nd quarter. Paragon Private Wealth Management LLC now owns 8,726 shares of the company’s stock worth $709,000 after purchasing an additional 123 shares in the last quarter. Everpar Advisors LLC lifted its holdings in CocaCola by 0.9% in the 2nd quarter. Everpar Advisors LLC now owns 14,504 shares of the company’s stock worth $1,179,000 after purchasing an additional 125 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in CocaCola by 0.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company’s stock worth $3,109,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of CocaCola from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. HSBC lowered shares of CocaCola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Morgan Stanley reaffirmed 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. Bank of America boosted their price target on shares of CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Royal Bank Of Canada increased their price objective on shares of CocaCola from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, CocaCola presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.

CocaCola Price Performance

NYSE:KO traded up $1.27 during trading hours on Tuesday, reaching $88.39. The stock had a trading volume of 4,932,404 shares, compared to its average volume of 16,945,387. The stock has a market capitalization of $380.32 billion, a PE ratio of 26.54, a PEG ratio of 3.44 and a beta of 0.34. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $92.49. The company has a 50 day moving average price of $87.22 and a two-hundred day moving average price of $81.83. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30.

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

CocaCola Dividend Announcement

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

Insider Buying and Selling at CocaCola

In other CocaCola news, Chairman James Quincey sold 381,140 shares of CocaCola stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.04, for a total value of $34,317,845.60. Following the completion of the transaction, the chairman directly owned 122,833 shares of the company’s stock, valued at $11,059,883.32. This trade represents a 75.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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, CFO John Murphy sold 152,483 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the completion of the sale, the chief financial officer owned 279,917 shares in the company, valued at approximately $24,439,553.27. This trade represents a 35.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 926,620 shares of company stock valued at $83,075,714 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

CocaCola 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.