BlackRock Amends Coca-Cola Stake, Holds 499M Shares

Ticker: KO · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investing, amendment, large-holder

TL;DR

**BlackRock still owns a massive chunk of KO, signaling long-term confidence.**

AI Summary

BlackRock Inc. has filed an amendment (SC 13G/A) to its ownership report for Coca-Cola Co. as of December 31, 2023. This filing indicates BlackRock's continued significant, but passive, stake in Coca-Cola, holding 499,037,796 shares of Common Stock. For investors, this means a major institutional investor maintains a substantial position, signaling confidence in Coca-Cola's long-term stability, but without any intent to influence management.

Why It Matters

This filing confirms BlackRock, a global investment giant, remains a significant shareholder in Coca-Cola, which can reassure investors about the stock's institutional backing and stability.

Risk Assessment

Risk Level: low — This filing is routine and indicates a stable, passive institutional ownership, posing minimal risk to investors.

Analyst Insight

Smart investors would note BlackRock's continued substantial, passive ownership as a sign of long-term institutional confidence in Coca-Cola, but recognize it doesn't signal any immediate operational changes or activist pressure.

Key Numbers

499,037,796 — Shares Owned (The total number of Coca-Cola Common Stock shares BlackRock Inc. beneficially owned as of December 31, 2023.)

Key Players & Entities

BlackRock Inc. (company) — the reporting person and institutional investor
COCA COLA CO (company) — the subject company whose shares are being reported
499,037,796 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock Inc.
December 31, 2023 (date) — the date of the event which required the filing of this statement

Forward-Looking Statements

BlackRock will likely maintain a significant, passive stake in Coca-Cola throughout 2024. (BlackRock Inc.) — high confidence, target: 2024-12-31

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that a passive institutional investor, like BlackRock Inc., owns more than 5% of a company's stock but does not intend to influence or control the company's management or policies.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., a major asset management firm with a Central Index Key (CIK) of 0001364742, located at 50 Hudson Yards, New York, NY.

Which company's shares are being reported in this filing?

The shares of COCA COLA CO (CIK: 0000021344) are being reported. Coca-Cola's business address is One Coca Cola Plaza, Atlanta, GA 30313.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, meaning the reported ownership reflects BlackRock's holdings as of the end of last year.

What is the CUSIP number for the securities mentioned?

The CUSIP number for the Common Stock of COCA COLA CO is 191216100.

From the Filing

0001086364-24-004585.txt : 20240126 0001086364-24-004585.hdr.sgml : 20240126 20240126162342 ACCESSION NUMBER: 0001086364-24-004585 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COCA COLA CO CENTRAL INDEX KEY: 0000021344 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 580628465 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-13786 FILM NUMBER: 24568109 BUSINESS ADDRESS: STREET 1: ONE COCA COLA PLAZA CITY: ATLANTA STATE: GA ZIP: 30313 BUSINESS PHONE: 404-676-2121 MAIL ADDRESS: STREET 1: ONE COCA COLA PLAZA CITY: ATLANTA STATE: GA ZIP: 30313 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us1912161007_012624.txt us1912161007_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 10) COCA COLA CO -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 191216100 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 191216100 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 282784394 (6) Shared voting power 0 (7) Sole dispositive power 313228689 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 313228689 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.2% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- COCA COLA CO Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- ONE COCA COLA PLAZA ATLANTA GA 30313 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------------------------------------- BlackRoc