Cullinan Associates Inc. reduced its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 13.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,132,980 shares of the company's stock after selling 180,007 shares during the quarter. CocaCola accounts for 7.0% of Cullinan Associates Inc.'s holdings, making the stock its 2nd biggest position. Cullinan Associates Inc.'s holdings in CocaCola were worth $92,077,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eurizon SLJ Capital Ltd acquired a new stake in shares of CocaCola during the fourth quarter valued at approximately $552,000. Banco Santander S.A. boosted its stake in CocaCola by 3.1% in the 2nd quarter. Banco Santander S.A. now owns 1,090,758 shares of the company's stock worth $88,646,000 after purchasing an additional 32,723 shares during the period. King Luther Capital Management Corp grew its position in CocaCola by 0.8% during the 4th quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company's stock worth $269,330,000 after purchasing an additional 31,694 shares in the last quarter. Cibc World Market Inc. grew its position in CocaCola by 4.8% during the 4th 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, Daymark Wealth Partners LLC raised its stake in CocaCola by 68.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 218,199 shares of the company's stock valued at $17,733,000 after purchasing an additional 88,690 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at CocaCola
In other CocaCola news, insider Bruno Pietracci sold 111,365 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the completion of the sale, the insider owned 41,365 shares of the company's stock, valued at $3,761,319.45. The trade was a 72.92% decrease in their ownership of the stock. The sale was disclosed in a filing 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, Chairman James Quincey sold 145,947 shares of the company's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $90.09, for a total value of $13,148,365.23. Following the sale, the chairman owned 122,833 shares of the company's stock, valued at approximately $11,066,024.97. This trade represents a 54.30% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 1,594,900 shares of company stock valued at $136,568,617 in the last three months. 0.90% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research firms have recently issued reports on KO. UBS Group set a $104.00 target price on CocaCola and gave the company a "buy" rating in a report on Wednesday, July 29th. TD Cowen lifted their price target on CocaCola from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Piper Sandler upped their price target on CocaCola from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Truist Financial set a $88.00 price objective on CocaCola in a research note on Friday, June 26th. Finally, Citigroup raised 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. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, CocaCola has a consensus rating of "Moderate Buy" and a consensus price target of $95.76.
View Our Latest Stock Report on KO
CocaCola Stock Up 0.6%
Shares of CocaCola stock opened at $89.63 on Friday. The firm has a market cap of $385.64 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 3.13 and a beta of 0.33. The stock has a 50-day simple moving average of $85.32 and a 200-day simple moving average of $80.83. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $92.49. 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 (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 28.56% and a return on equity of 39.38%. The company's revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. On average, equities research analysts expect that CocaCola Company will post 3.29 earnings per share for the current fiscal 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 paid a $0.53 dividend. 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 presently 63.66%.
Key CocaCola News
Here are the key news stories impacting CocaCola this week:
- Positive Sentiment: Defensive-sector demand is supporting KO. Market commentary points to Coca-Cola’s stable cash flows and relatively low volatility as attractive while investors seek safety and quality amid changing interest-rate expectations. Why is Coca-Cola drawing steady demand as staples turn defensive today?
- Positive Sentiment: Zacks upgraded Coca-Cola to Rank #2, or “Buy.” The upgrade reflects improving expectations for the company’s earnings prospects and could provide a near-term sentiment boost. Coca-Cola upgraded to Buy
- Positive Sentiment: Recent operating momentum remains constructive. Coca-Cola’s latest quarter included revenue growth of about 6% year over year and an earnings beat, while the company maintains fiscal 2026 EPS guidance of $3.27–$3.30.
- Neutral Sentiment: Institutional positioning is mixed but leans supportive. More institutions added KO shares than reduced them in the latest quarter, with notable additions from JPMorgan, Geode and Capital World Investors, although BlackRock, Capital Research and Invesco trimmed positions.
- Neutral Sentiment: Analyst support is positive, but valuation may limit upside. Barclays and JPMorgan maintain “Overweight” ratings, while the reported median price target of $89.50 is close to the current trading level. Commentary also describes the valuation as stretched. Coca-Cola upgraded to Buy
- Negative Sentiment: Insider selling is a cautionary signal. Company insiders made 30 open-market sales and no purchases over the past six months, including substantial sales by Chairman James Quincey and other senior executives.
About CocaCola
(
Free Report)
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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Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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