SBI Okasan Asset Management Co.Ltd. Acquires New Position in CocaCola Company (The) $KO

SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of CocaCola Company (The) (NYSE:KO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 22,000 shares of the company’s stock, valued at approximately $1,544,000.

Other institutional investors also recently modified their holdings of the company. Anfield Capital Management LLC boosted its position in shares of CocaCola by 438.8% during the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after buying an additional 294 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of CocaCola during the 2nd quarter valued at about $26,000. Daytona Street Capital LLC purchased a new stake in shares of CocaCola during the 4th quarter valued at about $29,000. Cloud Capital Management LLC purchased a new stake in shares of CocaCola during the 3rd quarter valued at about $27,000. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of CocaCola during the 4th quarter valued at about $30,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Stock Performance

KO opened at $80.45 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The company has a market cap of $346.13 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 3.26 and a beta of 0.35. The company’s 50 day moving average is $77.69 and its 200 day moving average is $75.03. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $82.66.

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

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.12 annualized dividend and a yield of 2.6%. CocaCola’s payout ratio is currently 66.67%.

Insider Buying and Selling at CocaCola

In other CocaCola news, CFO John Murphy sold 72,449 shares of CocaCola stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $80.52, for a total transaction of $5,833,593.48. Following the transaction, the chief financial officer owned 279,917 shares of the company’s stock, valued at $22,538,916.84. The trade was a 20.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Quincey sold 250,688 shares of CocaCola stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.14, for a total transaction of $19,839,448.32. Following the transaction, the chief executive officer directly owned 278,155 shares in the company, valued at $22,013,186.70. This represents a 47.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 630,963 shares of company stock valued at $50,016,979. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KO shares. Citigroup raised their price target on shares of CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a report on Monday, May 18th. Jefferies Financial Group raised their price target on shares of CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 16th. Truist Financial set a $85.00 price target on shares of CocaCola in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a report on Monday, March 30th. Finally, Evercore reaffirmed an “outperform” rating and set a $85.00 price target on shares of CocaCola in a report on Wednesday, February 11th. Fifteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $86.80.

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.