Liberty One Investment Management LLC Grows Stock Holdings in CocaCola Company (The) $KO

Liberty One Investment Management LLC increased its holdings in CocaCola Company (The) (NYSE:KO) by 93.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 875,107 shares of the company’s stock after acquiring an additional 423,051 shares during the quarter. CocaCola comprises 3.3% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 9th biggest position. Liberty One Investment Management LLC’s holdings in CocaCola were worth $58,052,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its position in shares of CocaCola by 5,142.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after acquiring an additional 360 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of CocaCola in the second quarter worth approximately $26,000. Marquette Asset Management LLC purchased a new stake in CocaCola in the third quarter valued at approximately $27,000. GFG Capital LLC purchased a new stake in CocaCola in the second quarter valued at approximately $34,000. Finally, MMA Asset Management LLC bought a new stake in CocaCola during the second quarter valued at approximately $34,000. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the sale, the executive vice president directly owned 58,067 shares in the company, valued at approximately $4,111,143.60. This trade represents a 70.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction on Monday, November 17th. The stock was sold at an average price of $71.17, for a total value of $2,250,751.25. Following the completion of the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $15,894,396.10. The trade was a 12.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 225,252 shares of company stock valued at $15,953,007. 0.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on KO shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. Wells Fargo & Company upped their price objective on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. UBS Group restated a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. Finally, Barclays reiterated an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $79.08.

CocaCola Price Performance

Shares of NYSE KO opened at $70.47 on Tuesday. The company has a 50 day simple moving average of $70.47 and a two-hundred day simple moving average of $69.32. CocaCola Company has a fifty-two week low of $60.71 and a fifty-two week high of $74.38. The company has a market capitalization of $303.13 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 3.63 and a beta of 0.39. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.The company had revenue of $11.40 billion during the quarter. CocaCola has set its FY 2025 guidance at 2.966-2.966 EPS. Analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.04 annualized dividend and a yield of 2.9%. CocaCola’s payout ratio is 67.55%.

About CocaCola

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.