Hamel Associates Inc. Reduces Stock Position in CocaCola Company (The) $KO

Key Points

• Hamel Associates Inc. cut its Coca-Cola stake by 50.4% in the fourth quarter, selling 99,600 shares and leaving it with 98,183 shares valued at about $6.87 million.
• Coca-Cola reported better-than-expected Q1 results, with EPS of $0.86 versus $0.81 expected and revenue of $12.47 billion versus $12.24 billion, while raising its FY2026 EPS guidance to 3.240-3.270.
• The company also announced a quarterly dividend of $0.53 per share payable July 1, and analysts remain broadly positive with a consensus Buy rating and an average price target of $86.87.

Hamel Associates Inc. lessened its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 50.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,183 shares of the company's stock after selling 99,600 shares during the quarter. CocaCola comprises about 2.1% of Hamel Associates Inc.'s investment portfolio, making the stock its 17th biggest holding. Hamel Associates Inc.'s holdings in CocaCola were worth $6,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Anfield Capital Management LLC lifted its holdings in CocaCola by 438.8% in the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock valued at $25,000 after acquiring an additional 294 shares during the period. Headlands Technologies LLC bought a new position in CocaCola in the second quarter valued at about $26,000. Evolution Wealth Management Inc. lifted its holdings in CocaCola by 1,081.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock valued at $27,000 after acquiring an additional 357 shares during the period. Daytona Street Capital LLC bought a new position in CocaCola in the fourth quarter valued at about $29,000. Finally, Elevated Capital Advisors LLC bought a new position in CocaCola in the fourth quarter valued at about $30,000. Institutional investors own 70.26% of the company's stock.

CocaCola Stock Performance

Shares of KO opened at $83.60 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The business has a 50-day simple moving average of $78.44 and a two-hundred day simple moving average of $75.57. The stock has a market cap of $359.67 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.25 and a beta of 0.35. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $83.85.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The business had revenue of $12.47 billion during the quarter, compared to analysts' expectations of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, analysts expect that CocaCola Company will post 3.26 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, June 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.5%. CocaCola's dividend payout ratio (DPR) is currently 66.67%.

Insider Buying and Selling

In related news, Chairman James Quincey sold 436,296 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the completion of the sale, the chairman owned 122,833 shares in the company, valued at approximately $9,842,608.29. This trade represents a 78.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 Jennifer K. Mann sold 100,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $79.46, for a total value of $7,946,000.00. Following the sale, the executive vice president owned 207,400 shares of the company's stock, valued at $16,480,004. This represents a 32.53% 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. Over the last 90 days, insiders sold 875,921 shares of company stock worth $69,831,810. 0.90% of the stock is owned by corporate insiders.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Bank of America highlighted Coca-Cola as a stock to watch as the 2026 World Cup begins, saying beverage volumes could rise during the tournament and boost demand for KO. The World Cup Is Here: Analyst Names One Beverage Stock To Watch
• Positive Sentiment: Investor interest also showed up in unusually heavy call-option buying, suggesting some traders are positioning for more upside in KO.
• Positive Sentiment: Recent coverage continues to point to Coca-Cola’s solid fundamentals, including Q1 results that beat estimates and showed strong organic revenue growth and volume gains, supporting the bullish case for the stock. Coca-Cola’s Q1 Results Prove It's a Good Buy to Hold and Hold
• Positive Sentiment: The company’s reliable dividend profile remains a draw for income investors, with Coca-Cola continuing to be viewed as a long-term dividend compounder. 1 Plain-As-Day Dividend King to Buy and Never Sell That Has Increased Its Payout for 64 Consecutive Years
• Neutral Sentiment: Chairman James Quincey and EVP Jennifer K. Mann disclosed stock sales, but both were pre-arranged 10b5-1 transactions tied to tax withholding on equity awards, so the insider activity is less concerning than discretionary selling.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KO. Barclays increased their target price on CocaCola from $85.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, May 21st. Wells Fargo & Company increased their target price on CocaCola from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, May 18th. Truist Financial set a $85.00 target price on CocaCola in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft increased their target price on CocaCola from $83.00 to $86.00 and gave the company a "buy" rating in a report on Monday, March 30th. Finally, Royal Bank Of Canada set a $87.00 price target on CocaCola in a research report on Wednesday, February 11th. Fifteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $86.87.

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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