ABN Amro Investment Solutions Has $20 Million Stock Position in CocaCola Company (The) $KO

ABN Amro Investment Solutions lessened its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 11.5% during the first quarter, Holdings Channel.com reports. The firm owned 262,952 shares of the company’s stock after selling 34,017 shares during the period. ABN Amro Investment Solutions’ holdings in CocaCola were worth $19,998,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in CocaCola by 0.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,162,602 shares of the company’s stock valued at $468,666,000 after buying an additional 21,995 shares in the last quarter. Oslo Pensjonsforsikring AS bought a new position in CocaCola in the first quarter worth approximately $998,000. Mathes Company Inc. grew its stake in CocaCola by 7.1% in the first quarter. Mathes Company Inc. now owns 39,708 shares of the company’s stock valued at $3,020,000 after acquiring an additional 2,625 shares during the period. HORAN Wealth LLC grew its stake in CocaCola by 3.9% in the first quarter. HORAN Wealth LLC now owns 3,458 shares of the company’s stock valued at $263,000 after acquiring an additional 130 shares during the period. Finally, Baader Bank Aktiengesellschaft increased its holdings in shares of CocaCola by 74.4% during the first quarter. Baader Bank Aktiengesellschaft now owns 23,672 shares of the company’s stock valued at $1,744,000 after acquiring an additional 10,098 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

CocaCola Trading Down 0.2%

NYSE KO opened at $81.97 on Wednesday. The firm has a market capitalization of $352.67 billion, a P/E ratio of 25.78, a PEG ratio of 3.28 and a beta of 0.34. The business has a fifty day simple moving average of $81.35 and a 200 day simple moving average of $77.85. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $85.68. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09.

CocaCola (NYSE:KOGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $0.73 EPS. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, analysts predict that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 annualized dividend and a yield of 2.6%. CocaCola’s payout ratio is 66.67%.

Insider Buying and Selling

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $18,074,096.90. This trade represents a 12.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 business’s stock in a transaction that occurred on Friday, June 5th. The stock was 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 in the company, valued at $9,842,608.29. The trade was a 78.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last ninety days, insiders have sold 899,905 shares of company stock worth $71,832,315. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group boosted their price target on shares of CocaCola from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Wells Fargo & Company raised their price objective on shares of CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a report on Monday, March 30th. Weiss Ratings raised shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 4th. Finally, Morgan Stanley set a $89.00 target price on shares of CocaCola in a report on Wednesday, June 10th. Fourteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.33.

View Our Latest Report on CocaCola

CocaCola 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.

Further Reading

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)

Receive News & Ratings for CocaCola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CocaCola and related companies with MarketBeat.com's FREE daily email newsletter.