Royal London Asset Management Ltd. cut its holdings in CocaCola Company (The) (NYSE:KO – Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,974,839 shares of the company’s stock after selling 45,319 shares during the quarter. Royal London Asset Management Ltd.’s holdings in CocaCola were worth $160,495,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. State Street Corp grew its holdings in CocaCola by 1.2% in the fourth quarter. State Street Corp now owns 167,850,330 shares of the company’s stock worth $11,734,417,000 after purchasing an additional 1,992,327 shares during the period. Geode Capital Management LLC raised its holdings in shares of CocaCola by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company’s stock valued at $6,273,037,000 after purchasing an additional 433,547 shares during the period. Norges Bank acquired a new position in shares of CocaCola during the fourth quarter valued at about $3,865,807,000. Bank of America Corp DE boosted its position in shares of CocaCola by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 45,958,636 shares of the company’s stock worth $3,735,058,000 after purchasing an additional 1,939,673 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of CocaCola by 3.1% during the 4th quarter. Franklin Resources Inc. now owns 40,289,857 shares of the company’s stock worth $2,816,697,000 after purchasing an additional 1,195,581 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.
CocaCola Stock Up 0.6%
KO stock opened at $89.63 on Friday. The firm has a market capitalization of $385.64 billion, a PE ratio of 26.92, a P/E/G ratio of 3.11 and a beta of 0.33. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $92.49. The stock’s 50 day moving average is $85.32 and its 200-day moving average is $80.83.
CocaCola Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. CocaCola’s dividend payout ratio is currently 63.66%.
Analysts Set New Price Targets
Several brokerages have recently commented on KO. Evercore restated an “outperform” rating and issued a $100.00 target price on shares of CocaCola in a research note on Tuesday, July 28th. JPMorgan Chase & Co. increased their price target on CocaCola from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Bank of America raised their price objective on CocaCola from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Truist Financial set a $88.00 price objective on CocaCola in a report on Friday, June 26th. Finally, Seaport Research Partners set a $95.00 target price on CocaCola in a research report on Friday, August 14th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, CocaCola has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.
CocaCola News Roundup
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: Defensive-sector demand is supporting KO. Market commentary points to Coca-Cola’s stable cash flows and relatively low volatility as attractive while investors seek safety and quality amid changing interest-rate expectations. Why is Coca-Cola drawing steady demand as staples turn defensive today?
- Positive Sentiment: Zacks upgraded Coca-Cola to Rank #2, or “Buy.” The upgrade reflects improving expectations for the company’s earnings prospects and could provide a near-term sentiment boost. Coca-Cola upgraded to Buy
- Positive Sentiment: Recent operating momentum remains constructive. Coca-Cola’s latest quarter included revenue growth of about 6% year over year and an earnings beat, while the company maintains fiscal 2026 EPS guidance of $3.27–$3.30.
- Neutral Sentiment: Institutional positioning is mixed but leans supportive. More institutions added KO shares than reduced them in the latest quarter, with notable additions from JPMorgan, Geode and Capital World Investors, although BlackRock, Capital Research and Invesco trimmed positions.
- Neutral Sentiment: Analyst support is positive, but valuation may limit upside. Barclays and JPMorgan maintain “Overweight” ratings, while the reported median price target of $89.50 is close to the current trading level. Commentary also describes the valuation as stretched. Coca-Cola upgraded to Buy
- Negative Sentiment: Insider selling is a cautionary signal. Company insiders made 30 open-market sales and no purchases over the past six months, including substantial sales by Chairman James Quincey and other senior executives.
Insider Buying and Selling
In related news, EVP Nancy Quan sold 50,000 shares of CocaCola stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the sale, the executive vice president directly owned 223,330 shares in the company, valued at approximately $20,186,798.70. This trade represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanket Ray sold 9,958 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the transaction, the insider owned 62,105 shares of the company’s stock, valued at $5,372,082.50. This trade represents a 13.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,594,900 shares of company stock valued at $136,568,617 over the last 90 days. 0.90% of the stock is currently owned by company insiders.
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.
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