M&T Bank Corp Sells 45,475 Shares of CocaCola Company (The) $KO

Key Points

• M&T Bank Corp trimmed its Coca‑Cola stake by 3.7%, selling 45,475 shares and now holding 1,181,651 shares valued at about $82.61 million.
• Coca‑Cola beat Q1 expectations with $0.86 EPS (vs. $0.81) and revenue up 11.4% to $12.47B, set FY2026 guidance of 3.240–3.270 EPS, and drew analyst upgrades toward an average target near $86.27.
• The company declared a quarterly dividend of $0.53 per share (2.7% yield), while insiders have sold roughly 892,925 shares (about $70.3M) in the past 90 days.

M&T Bank Corp decreased its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,181,651 shares of the company's stock after selling 45,475 shares during the period. M&T Bank Corp's holdings in CocaCola were worth $82,609,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KO. Headlands Technologies LLC purchased a new stake in CocaCola during the second quarter valued at about $26,000. Marquette Asset Management LLC purchased a new stake in CocaCola during the third quarter valued at about $27,000. Cloud Capital Management LLC purchased a new stake in CocaCola during the third quarter valued at about $27,000. Daytona Street Capital LLC purchased a new stake in CocaCola during the fourth quarter valued at about $29,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in CocaCola during the third quarter valued at about $30,000. Institutional investors own 70.26% of the company's stock.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Q1 results beat expectations: Coca‑Cola reported stronger-than-expected Q1 revenue and EPS (double‑digit top‑line growth) that drove positive sentiment around durable growth and near-term guidance. Is Coca‑Cola a Buy, Hold, or Sell After Its Q1 2026 Earnings Report?
• Positive Sentiment: Dividend increase/quarterly dividend declared: KO declared a quarterly dividend (record June 15; payable July 1), reinforcing its dividend‑king status and supporting income investor demand.
• Positive Sentiment: Analysts are raising targets and ratings after earnings: Several firms have lifted price targets and reiterated/raised ratings following the Q1 beat, signaling analyst confidence in growth momentum. Example coverage of these upgrades is here. Morgan Stanley raises Coca‑Cola stock price target after earnings
• Positive Sentiment: Additional shop‑window coverage and buy recommendations: TD Cowen, JPMorgan and Barclays commentary mentioned in recent coverage has been constructive (higher targets / buy or overweight stances), which can help sustain buying interest. Is The Coca‑Cola Company (KO) One of the Best Large Cap Dividend Growth Stocks to Invest in?
• Neutral Sentiment: Shareowners re‑elected the board and rejected several ESG proposals at the annual meeting — the outcome supports current management strategy but leaves ESG activists disappointed; it’s governance news that may matter to some institutional holders. Coca‑Cola Shareowners Back Board, Reject ESG Proposals
• Negative Sentiment: Some analysts are cautious: Goldman Sachs has a Hold on KO, which could cap near‑term upside and weigh on momentum despite the broader wave of upgrades. Coca‑Cola (KO) Gets a Hold from Goldman Sachs

CocaCola Stock Up 0.1%

Shares of NYSE:KO opened at $78.62 on Monday. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $82.00. The company has a market cap of $338.40 billion, a PE ratio of 24.72, a P/E/G ratio of 3.14 and a beta of 0.35. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The stock's 50-day moving average is $77.12 and its 200 day moving average is $73.61.

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

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola's payout ratio is presently 66.67%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KO shares. Barclays raised their price target on CocaCola from $83.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday. Weiss Ratings restated a "buy (b-)" rating on shares of CocaCola in a research report on Thursday, January 22nd. Evercore reiterated an "outperform" rating and issued a $85.00 price objective on shares of CocaCola in a report on Wednesday, February 11th. Morgan Stanley set a $88.00 price objective on CocaCola in a report on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on CocaCola from $83.00 to $86.00 and gave the stock a "buy" rating in a report on Monday, March 30th. Fifteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $86.27.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Nancy Quan sold 23,556 shares of CocaCola stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the sale, the executive vice president directly owned 223,330 shares of the company's stock, valued at approximately $17,754,735. The trade was a 9.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bruno Pietracci sold 28,765 shares of CocaCola stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total value of $2,284,228.65. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 892,925 shares of company stock worth $70,254,796. Insiders own 0.90% of the company's stock.

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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