CocaCola Company (The) $KO Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management reduced its Coca-Cola stake by 1.2%, selling 73,205 shares and retaining 5.88 million shares valued at approximately $477.7 million. Institutional investors and hedge funds collectively own 70.26% of KO.
• Coca-Cola exceeded quarterly expectations with adjusted EPS of $0.97 versus $0.93 estimated and revenue of $13.37 billion, up 6.2% year over year. The company reiterated fiscal 2026 EPS guidance of $3.27–$3.30.
• The company declared a quarterly dividend of $0.53, equivalent to an annualized $2.12 and a 2.4% yield. Wall Street maintains a “Moderate Buy” consensus with an average price target of $95.76, although insiders have sold shares largely to cover tax obligations on equity awards.

Envestnet Asset Management Inc. cut its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,878,432 shares of the company's stock after selling 73,205 shares during the quarter. Envestnet Asset Management Inc. owned about 0.14% of CocaCola worth $477,739,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in KO. Eurizon SLJ Capital Ltd purchased a new position in shares of CocaCola during the 4th quarter valued at approximately $552,000. Banco Santander S.A. increased its holdings in CocaCola by 3.1% in the second quarter. Banco Santander S.A. now owns 1,090,758 shares of the company's stock valued at $88,646,000 after buying an additional 32,723 shares in the last quarter. King Luther Capital Management Corp increased its holdings 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 buying an additional 31,694 shares in the last quarter. Daymark Wealth Partners LLC raised its position in shares of CocaCola by 68.5% in the second quarter. Daymark Wealth Partners LLC now owns 218,199 shares of the company's stock worth $17,733,000 after acquiring an additional 88,690 shares during the period. Finally, Cibc World Market Inc. raised its position in shares of CocaCola by 4.8% in the fourth quarter. Cibc World Market Inc. now owns 1,759,546 shares of the company's stock worth $123,010,000 after acquiring an additional 79,946 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Stock Performance

Shares of NYSE:KO opened at $88.07 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $92.49. The firm has a market capitalization of $378.91 billion, a PE ratio of 26.45, a P/E/G ratio of 3.45 and a beta of 0.34. The business's 50 day moving average price is $87.44 and its 200-day moving average price is $81.98.

CocaCola (NYSE:KO - Get Free Report) last posted 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. The firm 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 firm's revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities research analysts expect that CocaCola Company will post 3.29 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays raised their target price on CocaCola from $91.00 to $93.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Bank of America increased their price target on CocaCola from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Jefferies Financial Group raised their price objective on CocaCola from $95.00 to $104.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on CocaCola from $90.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of CocaCola from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $95.76.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: TD Cowen maintained its Buy rating on Coca-Cola, reinforcing the view that the company’s brand strength, global distribution, and earnings outlook support further upside. TD Cowen Keeps Their Buy Rating on Coca-Cola
• Positive Sentiment: Coca-Cola’s dividend record remains a major attraction. The company has increased its dividend every year since 1962, including through multiple market crashes, supporting its appeal to income-focused and defensive investors. Coca-Cola Dividend History
• Positive Sentiment: Consumer staples are outperforming discretionary stocks in 2026, highlighting continued investor demand for defensive businesses such as Coca-Cola. Staples ETF Widens Gap Over Discretionary
• Neutral Sentiment: Coca-Cola’s announced $10 billion investment appears less transformational than the headline suggests. The spending is expected to be spread across multiple years, limiting its immediate effect on revenue and earnings growth. Coca-Cola Investment Announcement Analysis
• Negative Sentiment: An IRS case presents a potential overhang. Investors are assessing the possibility of tax-related costs or uncertainty, which could pressure valuation if the dispute develops unfavorably. Coca-Cola IRS Case

Insider Transactions at CocaCola

In related news, CFO John Murphy sold 152,483 shares of CocaCola stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $87.31, for a total value of $13,313,290.73. Following the completion of the transaction, the chief financial officer 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 company's stock in a transaction that occurred on 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 sale, the insider directly owned 41,365 shares in the company, valued at approximately $3,761,319.45. The trade was a 72.92% 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. In the last 90 days, insiders sold 926,620 shares of company stock worth $83,075,714. 0.90% of the stock is owned by company insiders.

CocaCola 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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