USS Investment Management Ltd Acquires 11,795 Shares of CocaCola Company (The) $KO

USS Investment Management Ltd increased its stake in CocaCola Company (The) (NYSE:KO) by 1.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 649,696 shares of the company’s stock after buying an additional 11,795 shares during the period. USS Investment Management Ltd’s holdings in CocaCola were worth $49,413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Tcfg Wealth Management LLC bought a new stake in shares of CocaCola during the first quarter valued at approximately $222,000. IFM Investors Pty Ltd lifted its holdings in shares of CocaCola by 3.5% during the first quarter. IFM Investors Pty Ltd now owns 839,478 shares of the company’s stock valued at $63,842,000 after purchasing an additional 28,095 shares in the last quarter. Rexford Capital Inc. boosted its position in shares of CocaCola by 3.8% during the first quarter. Rexford Capital Inc. now owns 9,480 shares of the company’s stock valued at $721,000 after buying an additional 349 shares during the last quarter. Severin Investments LLC increased its holdings in CocaCola by 3.4% in the 1st quarter. Severin Investments LLC now owns 12,157 shares of the company’s stock worth $925,000 after buying an additional 401 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its position in CocaCola by 4.6% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 26,631 shares of the company’s stock worth $2,025,000 after buying an additional 1,167 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KO shares. UBS Group boosted their price objective on shares of CocaCola from $90.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Barclays lifted their target price on shares of CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Morgan Stanley set a $89.00 price target on CocaCola in a report on Wednesday, June 10th. Sanford C. Bernstein began coverage on CocaCola in a research note on Thursday, June 11th. They issued a “market perform” rating and a $84.00 price target on the stock. Finally, TD Cowen upped their price objective on CocaCola from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Fifteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insider Activity

In related news, Chairman James Quincey sold 436,296 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $80.13, for a total value of $34,960,398.48. Following the transaction, the chairman directly owned 122,833 shares of the company’s stock, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the completion of the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $18,074,096.90. The trade was a 12.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 899,905 shares of company stock worth $71,832,315 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

CocaCola Stock Performance

KO opened at $81.18 on Wednesday. The company has a 50 day simple moving average of $79.69 and a two-hundred day simple moving average of $76.49. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The firm has a market cap of $349.27 billion, a P/E ratio of 25.53, a PEG ratio of 3.30 and a beta of 0.35. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $84.04.

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

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. CocaCola’s payout ratio is presently 66.67%.

CocaCola Company 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.