CocaCola Company (The) $KO Shares Sold by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management reduced its Coca-Cola stake by 9% in the second quarter, selling 43,429 shares and retaining 440,765 shares worth approximately $35.8 million. Institutional investors collectively own 70.26% of KO.
• Coca-Cola reported quarterly EPS of $0.97, beating estimates by $0.04, while revenue rose 6.2% year over year to $13.37 billion. The company issued FY 2026 EPS guidance of $3.27–$3.30.
• The company declared a quarterly dividend of $0.53 per share, equating to an annualized $2.12 dividend and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.76.

Northwestern Mutual Wealth Management Co. lessened its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 9.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 440,765 shares of the company's stock after selling 43,429 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in CocaCola were worth $35,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eurizon SLJ Capital Ltd purchased a new stake in CocaCola in the 4th quarter valued at about $552,000. Banco Santander S.A. raised 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 acquiring an additional 32,723 shares in the last quarter. King Luther Capital Management Corp increased its holdings in shares of CocaCola by 0.8% in the 4th quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company's stock valued at $269,330,000 after acquiring an additional 31,694 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in shares of CocaCola by 68.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 218,199 shares of the company's stock valued at $17,733,000 after buying an additional 88,690 shares during the period. Finally, Cibc World Market Inc. increased its position in 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 buying an additional 79,946 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insiders Place Their Bets

In other CocaCola news, EVP Nancy Quan sold 50,000 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total value of $4,519,500.00. Following the transaction, the executive vice president directly owned 223,330 shares in the company, valued at $20,186,798.70. The trade was a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanket Ray sold 9,958 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the sale, the insider owned 62,105 shares of the company's stock, valued at $5,372,082.50. This trade represents a 13.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,594,900 shares of company stock valued at $136,568,617 over the last 90 days. 0.90% of the stock is currently owned by company insiders.

CocaCola Trading Down 0.8%

Shares of KO opened at $87.95 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30. The company has a market cap of $378.41 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.10 and a beta of 0.34. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $92.49. The stock has a fifty day moving average price of $85.66 and a two-hundred day moving average price of $81.00.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $13.17 billion. During the same quarter last year, the business earned $0.87 earnings per share. The firm's quarterly 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. Analysts predict that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Announces Dividend

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 given 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 dividend payout ratio is currently 63.66%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citigroup upped their price objective on shares of CocaCola from $97.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. TD Cowen upped their price target on CocaCola from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Evercore reaffirmed an "outperform" rating and issued a $100.00 target price on shares of CocaCola in a research report on Tuesday, July 28th. Royal Bank Of Canada upped their price objective on shares of CocaCola from $87.00 to $96.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group increased their price target on CocaCola from $95.00 to $104.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $95.76.

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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