CocaCola Company (The) $KO Shares Sold by State of Michigan Retirement System

Key Points

• State of Michigan Retirement System trimmed its stake in Coca‑Cola (KO) by 3.8% in Q4, selling 41,300 shares and leaving 1,040,348 shares valued at about $72.73 million.
• Large insider selling has occurred recently: CEO James Quincey sold 250,688 shares (~$19.84 million) and EVP Monica Howard Douglas sold 23,880 shares, with insiders selling a total of 892,925 shares (~$70.25 million) over the past 90 days, leaving insiders with 0.90% ownership.
• Coca‑Cola beat EPS estimates (reported $0.58 vs. $0.56 expected) while revenue slightly missed, reiterated FY‑2026 EPS guidance (~3.21–3.24), and raised its quarterly dividend to $0.53 (2.8% yield) amid a consensus analyst rating of "Buy" (target ≈ $85).

State of Michigan Retirement System lessened its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,040,348 shares of the company's stock after selling 41,300 shares during the quarter. State of Michigan Retirement System's holdings in CocaCola were worth $72,731,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KO. Headlands Technologies LLC purchased a new stake in CocaCola in the second quarter valued at $26,000. Marquette Asset Management LLC purchased a new position in shares of CocaCola during the 3rd quarter worth $27,000. Cloud Capital Management LLC acquired a new stake in shares of CocaCola during the 3rd quarter worth about $27,000. Daytona Street Capital LLC acquired a new stake in shares of CocaCola during the 4th quarter worth about $29,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in CocaCola in the 3rd quarter valued at about $30,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

Shares of CocaCola stock opened at $76.66 on Monday. The stock has a market capitalization of $329.95 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 3.24 and a beta of 0.36. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.25. The business has a 50-day moving average of $77.23 and a 200 day moving average of $73.30. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $82.00.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $12.04 billion. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. As a group, sell-side analysts forecast that CocaCola Company will post 3.23 earnings per share for the current year.

CocaCola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from CocaCola's previous quarterly dividend of $0.51. CocaCola's payout ratio is currently 69.74%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KO. Jefferies Financial Group upped their target price on shares of CocaCola from $87.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, March 16th. JPMorgan Chase & Co. lifted their price target on shares of CocaCola from $79.00 to $83.00 and gave the company an "overweight" rating in a research report on Wednesday, February 11th. UBS Group boosted their price target on shares of CocaCola from $87.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, April 7th. Wells Fargo & Company upped their price objective on shares of CocaCola from $79.00 to $87.00 and gave the stock an "overweight" rating in a report on Monday, February 9th. Finally, Royal Bank Of Canada set a $87.00 target price on shares of CocaCola in a report on Wednesday, February 11th. Fifteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $85.00.

Insider Activity at CocaCola

In other news, EVP Monica Howard Douglas sold 23,880 shares of the company's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $77.37, for a total transaction of $1,847,595.60. Following the sale, the executive vice president owned 17,725 shares of the company's stock, valued at approximately $1,371,383.25. This represents a 57.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Quincey sold 250,688 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.14, for a total value of $19,839,448.32. Following the completion of the sale, the chief executive officer owned 278,155 shares in the company, valued at approximately $22,013,186.70. The trade was a 47.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 892,925 shares of company stock worth $70,254,796 over the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Company 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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