CocaCola Company (The) $KO Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel decreased its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 5.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 217,150 shares of the company's stock after selling 12,710 shares during the period. Carnegie Investment Counsel's holdings in CocaCola were worth $17,648,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Eurizon SLJ Capital Ltd acquired a new stake in shares of CocaCola in the fourth quarter worth $552,000. Banco Santander S.A. increased its holdings in CocaCola by 3.1% in the 2nd quarter. Banco Santander S.A. now owns 1,090,758 shares of the company's stock valued at $88,646,000 after purchasing an additional 32,723 shares in the last quarter. King Luther Capital Management Corp raised its position in CocaCola by 0.8% in the fourth quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company's stock valued at $269,330,000 after purchasing an additional 31,694 shares during the period. Cibc World Market Inc. lifted its stake in shares of CocaCola by 4.8% during the fourth quarter. Cibc World Market Inc. now owns 1,759,546 shares of the company's stock worth $123,010,000 after purchasing an additional 79,946 shares in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of CocaCola in the fourth quarter valued at about $1,544,000. 70.26% of the stock is owned by institutional investors and hedge funds.

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.

CocaCola Stock Performance

KO stock opened at $90.91 on Friday. The stock's 50 day simple moving average is $84.27 and its 200 day simple moving average is $80.37. CocaCola Company has a 12-month low of $65.35 and a 12-month high of $91.86. The firm has a market cap of $391.14 billion, a P/E ratio of 27.30, a P/E/G ratio of 3.18 and a beta of 0.33. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97.

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

CocaCola Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Seaport Research Partners set a $95.00 target price on shares of CocaCola in a research note on Friday, August 14th. Bank of America boosted their price target on CocaCola from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. UBS Group set a $104.00 price objective on CocaCola and gave the company a "buy" rating in a research note on Wednesday, July 29th. HSBC cut CocaCola from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, Barclays upped their price target on shares of CocaCola from $91.00 to $93.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, CocaCola presently has an average rating of "Moderate Buy" and a consensus target price of $95.76.

Insider Transactions at CocaCola

In related news, insider Bruno Pietracci sold 75,727 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $89.65, for a total transaction of $6,788,925.55. Following the sale, the insider owned 35,393 shares of the company's stock, valued at $3,172,982.45. The trade was a 68.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, EVP Nancy Quan sold 50,000 shares of the business's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total value of $4,519,500.00. Following the completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at $20,186,798.70. This represents a 18.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,483,535 shares of company stock worth $126,442,198 over the last quarter. Insiders own 0.90% of the company's stock.

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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