California State Teachers Retirement System Has $39.62 Billion Stake in CocaCola Company (The) $KO

Key Points

• California State Teachers Retirement System increased its Coca-Cola stake by 7,365.2% to 487.5 million shares, representing an 11.33% ownership position valued at approximately $39.62 billion. Institutional investors collectively own 70.26% of KO.
• Coca-Cola exceeded quarterly expectations, reporting $0.97 in EPS and $13.37 billion in revenue, while revenue grew 6.2% year over year. The company maintained full-year 2026 EPS guidance of $3.27–$3.30.
• The company declared a quarterly dividend of $0.53 per share, equivalent to a 2.4% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.76, though recent insider sales and elevated valuation remain concerns.

California State Teachers Retirement System raised its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 7,365.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 487,509,960 shares of the company's stock after purchasing an additional 480,979,487 shares during the period. California State Teachers Retirement System owned 11.33% of CocaCola worth $39,619,934,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lantern Wealth Advisors LLC increased its stake in shares of CocaCola by 3.6% in the second quarter. Lantern Wealth Advisors LLC now owns 3,316 shares of the company's stock valued at $270,000 after buying an additional 115 shares during the period. Gill Capital Partners LLC lifted its stake in shares of CocaCola by 4.1% in the second quarter. Gill Capital Partners LLC now owns 2,992 shares of the company's stock worth $243,000 after acquiring an additional 117 shares during the period. Paragon Private Wealth Management LLC increased its position in CocaCola by 1.4% during the 2nd quarter. Paragon Private Wealth Management LLC now owns 8,726 shares of the company's stock valued at $709,000 after purchasing an additional 123 shares during the period. Everpar Advisors LLC increased its position in CocaCola by 0.9% during the 2nd quarter. Everpar Advisors LLC now owns 14,504 shares of the company's stock valued at $1,179,000 after purchasing an additional 125 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in CocaCola by 0.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company's stock worth $3,109,000 after purchasing an additional 129 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Price Performance

KO stock opened at $88.05 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 company's 50-day moving average is $86.10 and its 200-day moving average is $81.20. The stock has a market capitalization of $378.84 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.43 and a beta of 0.34. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $92.49.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.The business had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. During the same period in the previous year, the company posted $0.87 EPS. The firm'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. Equities research analysts expect that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. CocaCola's payout ratio is currently 63.66%.

Insider Activity

In related news, CFO John Murphy sold 152,483 shares of the 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 transaction, the chief financial officer directly owned 279,917 shares in the company, valued at $24,439,553.27. This trade represents a 35.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 145,947 shares of CocaCola stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $90.09, for a total transaction of $13,148,365.23. Following the completion of the sale, the chairman directly owned 122,833 shares of the company's stock, valued at approximately $11,066,024.97. The trade was a 54.30% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 950,604 shares of company stock valued at $85,076,219. Corporate insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. 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 research report on Wednesday, July 29th. The Goldman Sachs Group reiterated a "neutral" rating and set a $86.00 price objective (up from $82.00) on shares of CocaCola in a research report on Tuesday, July 28th. TD Cowen lifted their target price on shares of CocaCola from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. UBS Group set a $104.00 target price on shares of CocaCola and gave the company a "buy" rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of CocaCola from $90.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.76.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola remains attractive to income-focused investors after extending its dividend-growth streak to 64 consecutive years. Its global brands and pricing power are viewed as defenses against inflation and a weaker dollar. Safety Stocks Are Not What They Used to Be: 4 Names Built for a Weaker Dollar
• Positive Sentiment: Recent operating momentum remains supportive: second-quarter net revenue increased about 7% to $13.38 billion, organic revenue rose 6%, global unit case volume grew 5%, and comparable operating margin expanded to 35.6%. Management also raised full-year guidance in July. Safety Stocks Are Not What They Used to Be: 4 Names Built for a Weaker Dollar
• Neutral Sentiment: Analysts continue to treat KO as a highly defensive consumer-staples holding, with its stable demand and dividend history compared favorably with PepsiCo. However, the stock’s roughly 26% year-to-date gain has made valuation a more important part of the investment case. PepsiCo vs. Coca-Cola: Which Stock Has the Edge?
• Negative Sentiment: Valuation concerns are becoming more prominent near the stock’s highs. Commentary has cited a forward P/E around 25.7 times, a modest dividend yield, and limited upside relative to several analyst price targets. Investors are also watching potential volume pressure from nutrition-program restrictions. Coca-Cola Stock Opinions on Recent Highs and Valuation Concerns
• Negative Sentiment: Quiver Quantitative data shows 24 insider sales and no insider purchases over the past six months. While such transactions may reflect compensation or diversification, the imbalance can reinforce profit-taking concerns after the strong rally. Coca-Cola Stock Opinions on Recent Highs and Valuation Concerns

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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