CocaCola Company (The) $KO is Sheets Smith Wealth Management's 8th Largest Position

Key Points

• Sheets Smith Wealth Management reduced its Coca-Cola stake by 4% in the second quarter, but KO remains its eighth-largest holding at approximately 2.6% of assets, or $25.8 million. Institutional investors and hedge funds collectively own 70.26% of the stock.
• Coca-Cola delivered a quarterly earnings beat, reporting $0.97 in EPS and $13.37 billion in revenue, with revenue up 6.2% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $95.76.
• The company declared a quarterly dividend of $0.53 per share, equivalent to a 2.4% yield, while insider selling remains a cautionary signal: insiders sold about $136.6 million of stock over the past 90 days, primarily to cover taxes on vested equity awards.

Sheets Smith Wealth Management decreased its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,791 shares of the company's stock after selling 13,098 shares during the quarter. CocaCola comprises approximately 2.6% of Sheets Smith Wealth Management's holdings, making the stock its 8th biggest holding. Sheets Smith Wealth Management's holdings in CocaCola were worth $25,827,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KO. State Street Corp lifted its stake in shares of CocaCola by 1.2% during 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of CocaCola by 0.5% in 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 buying an additional 433,547 shares in the last quarter. Norges Bank purchased a new stake in shares of CocaCola during the 4th quarter valued at about $3,865,807,000. Bank of America Corp DE lifted its position in 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 acquiring an additional 1,939,673 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in CocaCola by 3.1% in the 4th quarter. Franklin Resources Inc. now owns 40,289,857 shares of the company's stock worth $2,816,697,000 after acquiring an additional 1,195,581 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CocaCola

In related news, Chairman James Quincey sold 145,947 shares of the stock in a transaction dated 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 sale, the chairman owned 122,833 shares in the company, valued at $11,066,024.97. This represents a 54.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, insider Bruno Pietracci sold 111,365 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $90.93, for a total transaction of $10,126,419.45. Following the completion of the transaction, the insider directly owned 41,365 shares in the company, valued at $3,761,319.45. This represents a 72.92% decrease in their position. 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 1,594,900 shares of company stock valued at $136,568,617 in the last ninety days. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KO shares. Evercore reiterated an "outperform" rating and set a $100.00 price objective on shares of CocaCola in a research note on Tuesday, July 28th. Piper Sandler lifted their price target on shares of CocaCola from $88.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $90.00 to $96.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Royal Bank Of Canada upped their price objective on shares of CocaCola from $87.00 to $96.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Finally, Seaport Research Partners set a $95.00 price target on CocaCola in a research note on Friday, August 14th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $95.76.

CocaCola Trading Up 0.6%

NYSE:KO opened at $89.63 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The business's 50 day moving average is $85.32 and its two-hundred day moving average is $80.83. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $92.49. The company has a market cap of $385.64 billion, a PE ratio of 26.92, a P/E/G ratio of 3.13 and a beta of 0.33.

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

CocaCola Announces Dividend

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

Trending Headlines about CocaCola

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.

CocaCola 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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