CocaCola Company (The) $KO Shares Purchased by State Street Corp

Key Points

• State Street increased its Coca-Cola stake by 176,984 shares in the second quarter, bringing its holdings to roughly 167.4 million shares valued at $13.7 billion. Institutional investors collectively own 70.26% of the company.
• Coca-Cola reported quarterly EPS of $0.97 and revenue of $13.37 billion, beating analyst estimates, while revenue rose 6.2% year over year. The company guided to fiscal 2026 EPS of $3.27–$3.30.
• The company declared a quarterly dividend of $0.53 per share, equating to an annualized $2.12 payout and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.76.

State Street Corp increased its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 0.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 167,399,379 shares of the company's stock after buying an additional 176,984 shares during the quarter. State Street Corp owned about 3.89% of CocaCola worth $13,691,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in CocaCola by 0.5% in the 4th 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 last quarter. Norges Bank acquired a new position in CocaCola in the fourth quarter valued at $3,865,807,000. Bank of America Corp DE raised its holdings in shares of CocaCola by 4.4% in the second quarter. Bank of America Corp DE now owns 45,958,636 shares of the company's stock valued at $3,735,058,000 after buying an additional 1,939,673 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of CocaCola by 0.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,354,414 shares of the company's stock valued at $2,954,523,000 after buying an additional 162,097 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of CocaCola by 3.1% during the fourth quarter. Franklin Resources Inc. now owns 40,289,857 shares of the company's stock worth $2,816,697,000 after buying an additional 1,195,581 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Price Performance

Shares of NYSE:KO traded up $1.25 during trading on Tuesday, hitting $88.38. 4,932,404 shares of the stock were exchanged, compared to its average volume of 16,945,387. The company has a market cap of $380.24 billion, a PE ratio of 26.55, a P/E/G ratio of 3.44 and a beta of 0.34. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The company has a fifty day moving average price of $87.22 and a two-hundred day moving average price of $81.83. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $92.49.

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

CocaCola Dividend Announcement

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

Insider Buying and Selling at CocaCola

In related news, insider Sanket Ray sold 9,958 shares of the business's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $86.50, for a total value of $861,367.00. Following the sale, the insider directly owned 62,105 shares in the company, valued at $5,372,082.50. The trade was a 13.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Murphy sold 152,483 shares of the stock in a transaction dated Friday, July 31st. The shares were 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 in the company, valued at approximately $24,439,553.27. The trade was a 35.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 926,620 shares of company stock worth $83,075,714. Insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KO shares. Seaport Research Partners set a $95.00 price target on CocaCola in a report on Friday, August 14th. Citigroup increased their price objective on CocaCola from $97.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. HSBC downgraded CocaCola from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Sanford C. Bernstein reissued a "market perform" rating and issued a $93.00 target price on shares of CocaCola in a report on Wednesday, July 29th. Finally, Barclays upped their price target on CocaCola from $91.00 to $93.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.76.

CocaCola Company Profile

The Coca-Cola Company NYSE: KO is a global beverage company best known for its Coca-Cola soft drink, which was first introduced in 1886. The company was incorporated in 1892 and has grown into one of the world's largest beverage businesses.

Its portfolio includes sparkling soft drinks such as Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite and Fanta, along with water, sports drinks, coffee, tea, juice and dairy-based beverages. Other brands associated with the company include Dasani, smartwater, Powerade, Minute Maid, Simply, Costa Coffee, fairlife and Topo Chico.

The Coca-Cola Company primarily develops, owns and markets beverage brands, while relying on a global network of independent bottling partners and distributors to manufacture, package and deliver many of its products.

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