MassMutual Private Wealth & Trust FSB reduced its stake in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,653 shares of the company’s stock after selling 7,598 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in CocaCola were worth $8,668,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of CocaCola in the 4th quarter valued at approximately $3,865,807,000. Cardano Risk Management B.V. raised its holdings in shares of CocaCola by 867.2% during the fourth quarter. Cardano Risk Management B.V. now owns 14,432,190 shares of the company’s stock worth $1,008,954,000 after purchasing an additional 12,939,959 shares during the period. Marshall Wace LLP boosted its holdings in shares of CocaCola by 1,206.9% in the 4th quarter. Marshall Wace LLP now owns 10,641,007 shares of the company’s stock valued at $743,913,000 after buying an additional 9,826,768 shares during the period. Bank of America Corp DE grew its position in shares of CocaCola by 29.2% during the 4th quarter. Bank of America Corp DE now owns 40,182,323 shares of the company’s stock valued at $2,809,146,000 after buying an additional 9,078,447 shares during the last quarter. Finally, Capital World Investors raised its stake in CocaCola by 98.7% during the fourth quarter. Capital World Investors now owns 12,573,527 shares of the company’s stock worth $879,015,000 after acquiring an additional 6,246,627 shares during the period. Institutional investors own 70.26% of the company’s stock.
Key Headlines Impacting CocaCola
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: Coca-Cola is being highlighted as a defensive consumer-staples investment as weakening consumer confidence and market volatility increase demand for stable, dividend-paying companies. 4 Consumer Staples Stocks to Play Safe Amid Sinking Consumer Confidence
- Positive Sentiment: Recent coverage points to Coca-Cola’s strong second-quarter results and long record of dividend growth as reasons investors may rotate toward KO and other defensive names away from technology and artificial-intelligence trades. 2 Consumer Staples Stocks Giving Investors a Break From the AI Trade
- Positive Sentiment: The company’s latest quarter exceeded expectations, with earnings of $0.97 per share versus a $0.93 consensus and revenue of $13.37 billion versus $13.17 billion. Revenue increased 6.2% year over year, reinforcing the company’s earnings momentum. Coca-Cola’s dividend also remains strategically important to Berkshire Hathaway, which is expected to receive roughly $848 million in dividends this year. Prediction: Greg Abel Will Continue Holding This Berkshire Hathaway Stock
- Neutral Sentiment: CFO John Murphy sold 152,483 shares, reducing his holdings by about 35%, but the filing said the transaction covered tax-withholding obligations tied to vested equity awards. This makes the sale less concerning than a discretionary disposal, although it can still affect short-term sentiment. SEC Form 4 Filing
- Negative Sentiment: Analysts are focusing on Coca-Cola absorbing near-term margin pressure as it expands in China, creating a potential offset to otherwise steady beverage demand and solid sales growth. Coca-Cola Absorbs Margin Hit for Expansion in Key Market
- Negative Sentiment: Separate reports of Coca-Cola’s chairman selling sizable blocks of stock add to insider-selling concerns, even as the broader earnings and dividend outlook remains favorable. Coca-Cola Chairman Sells Stock
CocaCola Stock Performance
CocaCola (NYSE:KO – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. The firm had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Analysts predict that CocaCola Company will post 3.29 earnings per share for the current fiscal year.
CocaCola Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. CocaCola’s dividend payout ratio (DPR) is currently 63.66%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on KO shares. Weiss Ratings reiterated a “buy (b+)” rating on shares of CocaCola in a research report on Friday. The Goldman Sachs Group restated a “neutral” rating and set a $86.00 price target (up from $82.00) on shares of CocaCola in a research report on Tuesday, July 28th. Argus upped their target price on shares of CocaCola from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on CocaCola from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $93.00 target price on shares of CocaCola in a research note on Wednesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.76.
Get Our Latest Stock Analysis on CocaCola
Insider Activity at CocaCola
In related news, CFO John Murphy sold 152,483 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $87.31, for a total value of $13,313,290.73. Following the completion of the transaction, the chief financial officer directly owned 279,917 shares in the company, valued at approximately $24,439,553.27. This represents a 35.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jennifer K. Mann sold 23,984 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $83.41, for a total transaction of $2,000,505.44. Following the completion of the transaction, the executive vice president owned 157,400 shares of the company’s stock, valued at approximately $13,128,734. This represents a 13.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,655,202 shares of company stock worth $139,400,742 in the last three months. Company insiders own 0.90% of the company’s stock.
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.
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