Aberdeen Group plc Sells 109,711 Shares of CocaCola Company (The) $KO

Aberdeen Group plc reduced its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,863,002 shares of the company's stock after selling 109,711 shares during the period. CocaCola comprises approximately 0.6% of Aberdeen Group plc's investment portfolio, making the stock its 27th largest position. Aberdeen Group plc owned 0.11% of CocaCola worth $395,216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KO. Rossmore Private Capital lifted its position in shares of CocaCola by 0.4% in the 2nd quarter. Rossmore Private Capital now owns 75,502 shares of the company's stock worth $6,176,000 after purchasing an additional 317 shares during the period. Brendel Financial Advisors LLC acquired a new stake in shares of CocaCola in the 2nd quarter worth about $3,670,000. Granite Harbor Advisors Inc. boosted its stake in CocaCola by 3.8% during the 2nd quarter. Granite Harbor Advisors Inc. now owns 8,618 shares of the company's stock valued at $700,000 after purchasing an additional 316 shares during the last quarter. Kerusso Capital Management LLC increased its holdings in CocaCola by 23.4% during the 2nd quarter. Kerusso Capital Management LLC now owns 50,828 shares of the company's stock worth $4,131,000 after purchasing an additional 9,646 shares in the last quarter. Finally, Collaborative Fund Advisors LLC bought a new stake in CocaCola during the 2nd quarter worth approximately $560,000. 70.26% of the stock is owned by institutional investors.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analyst coverage remains generally supportive, with brokers highlighting Coca-Cola as an investment candidate. Recent quarterly results also exceeded expectations, with earnings and revenue above consensus and revenue growth of 6.2% year over year. Brokers Suggest Investing in Coca-Cola
• Positive Sentiment: Investors have been seeking established, lower-volatility companies, helping Coca-Cola reach an all-time high and break above $90 for the first time. Its strong brand portfolio and defensive characteristics may be attractive amid market uncertainty. Coca-Cola Hits All-Time High
• Positive Sentiment: Coca-Cola’s long dividend record continues to support its appeal to income-focused investors. Berkshire Hathaway reportedly receives approximately $848 million annually from its Coca-Cola holdings, underscoring the scale and consistency of the payout. Dividend King Pays Berkshire
• Neutral Sentiment: Coverage is also examining Coca-Cola’s cash flow and dividend sustainability as interest rates and bond yields rise. Higher yields could increase the relative appeal of fixed-income investments, although Coca-Cola’s recurring cash generation remains central to its income-investor case. Coca-Cola Cash Flow as Yields Rise
• Negative Sentiment: Executive Vice President Nancy Quan sold 50,000 shares worth about $4.5 million. The filing states the sale covered tax withholding tied to vested equity awards, reducing its negative signaling value, though it may create modest near-term selling pressure.

Insiders Place Their Bets

In related news, Chairman James Quincey sold 145,947 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $90.09, for a total value of $13,148,365.23. Following the completion of the sale, the chairman owned 122,833 shares in the company, valued at $11,066,024.97. The trade was a 54.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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, CFO John Murphy sold 152,483 shares of the business's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the completion of the sale, the chief financial officer directly owned 279,917 shares of the company's stock, valued at $24,439,553.27. This represents a 35.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,483,535 shares of company stock valued at $126,442,198 over the last three months. Corporate insiders own 0.90% of the company's stock.

CocaCola Stock Down 0.2%

Shares of NYSE KO opened at $90.91 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The stock has a market capitalization of $391.14 billion, a PE ratio of 27.30, a P/E/G ratio of 3.18 and a beta of 0.33. CocaCola Company has a one year low of $65.35 and a one year high of $91.86. The business's fifty day moving average price is $84.27 and its 200-day moving average price is $80.41.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. The company's revenue was up 6.2% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities research analysts anticipate that CocaCola Company will post 3.29 EPS for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. CocaCola's dividend payout ratio is 63.66%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KO shares. Evercore reaffirmed an "outperform" rating and set a $100.00 price objective on shares of CocaCola in a report on Tuesday, July 28th. Weiss Ratings reiterated a "buy (b+)" rating on shares of CocaCola in a report on Friday, July 31st. Royal Bank Of Canada boosted their price target on shares of CocaCola from $87.00 to $96.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Argus upped their price objective 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. Finally, Seaport Research Partners set a $95.00 price objective on shares of CocaCola in a research note on Friday, August 14th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $95.76.

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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