Aberdeen Group plc Acquires 260,407 Shares of CocaCola Company (The) $KO

Aberdeen Group plc boosted its holdings in CocaCola Company (The) (NYSE:KOFree Report) by 5.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,818,075 shares of the company’s stock after purchasing an additional 260,407 shares during the quarter. CocaCola comprises 0.5% of Aberdeen Group plc’s portfolio, making the stock its 27th largest position. Aberdeen Group plc owned approximately 0.11% of CocaCola worth $318,186,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in CocaCola by 1.7% during the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after purchasing an additional 6,241,163 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of CocaCola during the 2nd quarter valued at $22,443,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CocaCola by 2.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock worth $136,086,000 after buying an additional 57,407 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of CocaCola by 1.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock worth $690,311,000 after acquiring an additional 198,886 shares during the period. Finally, Nicola Wealth Management LTD. increased its position in CocaCola by 42.3% during the third quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock valued at $12,269,000 after acquiring an additional 55,000 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KO has been the topic of several research reports. Piper Sandler raised their target price on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada set a $87.00 target price on shares of CocaCola in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of CocaCola from $79.00 to $87.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Evercore reiterated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $83.00 price objective on shares of CocaCola in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $84.19.

Read Our Latest Research Report on KO

Insider Activity

In related news, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the sale, the executive vice president owned 223,330 shares of the company’s stock, valued at approximately $15,894,396.10. This trade represents a 12.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Quincey sold 337,824 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $77.10, for a total value of $26,046,230.40. Following the completion of the transaction, the chief executive officer directly owned 342,546 shares in the company, valued at approximately $26,410,296.60. This represents a 49.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.97% of the company’s stock.

CocaCola Stock Performance

Shares of NYSE KO opened at $78.68 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.00. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $80.41. The firm has a fifty day moving average price of $72.08 and a 200-day moving average price of $70.09. The stock has a market cap of $338.46 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 3.30 and a beta of 0.36.

CocaCola (NYSE:KOGet Free Report) last issued its earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $12.04 billion. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. CocaCola’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

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.