OVERSEA CHINESE BANKING Corp Ltd Sells 86,280 Shares of CocaCola Company (The) $KO

OVERSEA CHINESE BANKING Corp Ltd lowered its position in shares of CocaCola Company (The) (NYSE:KO) by 80.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,547 shares of the company’s stock after selling 86,280 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in CocaCola were worth $1,363,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sava Infond d.o.o. grew its stake in shares of CocaCola by 210.8% in the second quarter. Sava Infond d.o.o. now owns 5,750 shares of the company’s stock valued at $407,000 after acquiring an additional 3,900 shares in the last quarter. Vanguard Group Inc. raised its stake in CocaCola by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after purchasing an additional 6,241,163 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in CocaCola by 3.6% in the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock valued at $9,209,000 after purchasing an additional 4,469 shares during the period. Aberdeen Group plc grew its position in shares of CocaCola by 5.0% during the 2nd quarter. Aberdeen Group plc now owns 4,557,668 shares of the company’s stock worth $322,455,000 after purchasing an additional 216,752 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of CocaCola during the second quarter worth approximately $22,443,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other news, EVP Monica Howard Douglas sold 13,548 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $69.93, for a total transaction of $947,411.64. Following the completion of the sale, the executive vice president owned 37,725 shares of the company’s stock, valued at $2,638,109.25. This trade represents a 26.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Henrique Braun sold 40,390 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total value of $2,864,862.70. Following the transaction, the chief operating officer directly owned 62,621 shares in the company, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 225,252 shares of company stock worth $15,953,007. Corporate insiders own 0.97% of the company’s stock.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca‑Cola is preparing a roughly $1 billion IPO of its India bottler, Hindustan Coca‑Cola Beverages (HCCB), this summer — a move that could unlock value, reduce capital intensity on Coca‑Cola’s balance sheet and raise cash while keeping focus on brand building. Coca-Cola is on track for a $1B summer IPO of its India bottler
• Positive Sentiment: Wells Fargo issued a buy rating on KO, which supports near‑term demand for shares and signals confidence from at least one major analyst. Coca-Cola (KO) Gets a Buy from Wells Fargo
• Positive Sentiment: Coca‑Cola remains highlighted as a top dividend stock, with commentary noting durable pricing power and a streak of annual dividend increases, supporting long‑term income investor interest. Is Coca-Cola Still 1 of the Best Dividend Stocks to Buy and Hold Forever?
• Neutral Sentiment: Management reshuffle and creation of a new digital role (and a new CEO transition this spring) signal a strategic push into digital transformation — potentially positive long term, but it adds execution risk during the transition period. Coca-Cola Reshapes Leadership to Speed Digital Transformation
• Neutral Sentiment: Market headlines note KO has held up relatively well versus peers on some trading days, giving context that broader market moves may be influencing the share action. Coca-Cola (KO) gains as market dips: What you should know
• Negative Sentiment: Coca‑Cola has scrapped the sale process for Costa Coffee after bids fell short, which may disappoint investors expecting a tidy divestiture premium or near‑term cash proceeds; it also raises questions about demand for the asset and timing of any future sale. Coca‑Cola scraps Costa Coffee sale, FT reports

CocaCola Stock Down 1.3%

Shares of KO opened at $70.50 on Friday. The stock’s 50-day moving average price is $70.61 and its two-hundred day moving average price is $69.35. CocaCola Company has a 12 month low of $61.32 and a 12 month high of $74.38. The company has a market capitalization of $303.26 billion, a PE ratio of 23.34, a PEG ratio of 3.67 and a beta of 0.39. 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 data on Tuesday, October 21st. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $12.46 billion during the quarter, compared to the consensus estimate of $12.46 billion. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. CocaCola has set its FY 2025 guidance at 2.966-2.966 EPS. On average, analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on KO. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. TD Cowen upped their price target on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Wells Fargo & Company boosted 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. Piper Sandler upped their target price on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Evercore ISI reissued an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $79.08.

CocaCola Profile

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.