Coca-Cola Stake Boosted by Rakuten Investment Management

Rakuten Investment Management Inc., a financial institution, has increased its stake in Coca-Cola Company (The) by 8.2% in the second quarter. According to its most recent filing with the SEC, the fund owned 633,433 shares of the company's stock after purchasing an additional 48,134 shares during the period.

The value of Rakuten Investment Management Inc.'s holdings in Coca-Cola was worth $52,353,000 at the end of the most recent quarter. This move is part of a broader trend where several institutional investors have added to their stakes in KO, with Anfield Capital Management LLC boosting its stake by 438.8% in the fourth quarter.

Coca-Cola has set its FY 2026 guidance at $3.270-3.300 EPS, and analysts expect the company will post $3.29 EPS for the current fiscal year. The firm also recently announced a quarterly dividend of $0.53 per share, which represents a yield of 2.4%.

Despite positive sentiment surrounding Coca-Cola's stable cash flows and relatively low volatility, some analysts have expressed caution due to insider selling activity. However, Barclays and JPMorgan maintain 'Overweight' ratings for the stock, with a median price target of $89.50 close to its current trading level.