Nordea Investment Management AB Reduces Stock Position in CocaCola Company (The) $KO

Nordea Investment Management AB cut its holdings in CocaCola Company (The) (NYSE:KO) by 2.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,369,770 shares of the company’s stock after selling 172,289 shares during the period. Nordea Investment Management AB’s holdings in CocaCola were worth $422,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of KO. Norges Bank bought a new stake in shares of CocaCola during the 2nd quarter valued at $3,846,270,000. Vanguard Group Inc. grew its holdings in CocaCola by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after buying an additional 6,241,163 shares in the last quarter. Laurel Wealth Advisors LLC increased its position in shares of CocaCola by 7,239.2% during the second quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock valued at $435,086,000 after buying an additional 6,065,840 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of CocaCola by 343.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,486,096 shares of the company’s stock worth $297,518,000 after buying an additional 3,474,015 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of CocaCola by 28.7% in the second quarter. Schroder Investment Management Group now owns 11,713,984 shares of the company’s stock valued at $828,764,000 after acquiring an additional 2,613,316 shares during the period. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of NYSE KO opened at $70.47 on Tuesday. The stock’s 50-day moving average is $70.47 and its 200 day moving average is $69.32. The stock has a market cap 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. CocaCola Company has a 1-year low of $60.71 and a 1-year high of $74.38. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The business had revenue of $11.40 billion for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. CocaCola has set its FY 2025 guidance at 2.966-2.966 EPS. On average, sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid 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 currently 67.55%.

Insider Buying and Selling at CocaCola

In other news, COO Henrique Braun sold 40,390 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the transaction, the chief operating officer directly owned 62,621 shares of the company’s stock, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Max R. Levchin bought 7,206 shares of the stock in a transaction dated Friday, October 24th. The stock was bought at an average cost of $69.87 per share, with a total value of $503,483.22. Following the purchase, the director owned 14,267 shares in the company, valued at $996,835.29. The trade was a 102.05% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 225,252 shares of company stock valued at $15,953,007. 0.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KO shares. Bank of America upped their target price on shares of CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Wells Fargo & Company increased their price objective on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. UBS Group reissued a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. 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 MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and an average target price of $79.08.

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.