Sumitomo Mitsui Trust Group Inc. Has $749.32 Million Position in CocaCola Company (The) $KO

Key Points

• Sumitomo Mitsui Trust Group reduced its Coca-Cola stake by 3.1% in the second quarter, selling 290,939 shares, but still held 9.22 million shares worth approximately $749.3 million. Institutional investors and hedge funds own 70.26% of KO.
• Coca-Cola exceeded quarterly expectations, reporting adjusted earnings of $0.97 per share and revenue of $13.37 billion, with revenue up 6.2% year over year. The company maintained fiscal 2026 guidance of $3.27–$3.30 in EPS.
• The company declared a quarterly dividend of $0.53, equivalent to $2.12 annually and a 2.3% yield. Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $95.76, while recent insider sales were attributed to tax obligations tied to equity awards.

Sumitomo Mitsui Trust Group Inc. cut its position in CocaCola Company (The) (NYSE:KO - Free Report) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,220,120 shares of the company's stock after selling 290,939 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of CocaCola worth $749,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. Eurizon SLJ Capital Ltd bought a new position in shares of CocaCola in the fourth quarter worth $552,000. Banco Santander S.A. lifted its position in CocaCola by 3.1% during the second 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 stake in CocaCola by 0.8% during the fourth quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company's stock worth $269,330,000 after buying an additional 31,694 shares in the last quarter. Cibc World Market Inc. grew its stake in CocaCola by 4.8% during 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 in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. bought a new position in CocaCola in the 4th quarter valued at about $1,544,000. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Price Performance

KO stock opened at $90.91 on Friday. The company has a 50 day simple moving average of $84.27 and a 200 day simple moving average of $80.37. The stock has a market cap of $391.14 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 3.18 and a beta of 0.33. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $91.86. 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 for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The firm had revenue of $13.37 billion for the quarter, compared to analysts' expectations of $13.17 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company's revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Research analysts anticipate that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola's dividend payout ratio is presently 63.66%.

Insider Transactions at CocaCola

In other CocaCola news, CFO John Murphy sold 152,483 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $87.31, for a total value of $13,313,290.73. Following the completion of the transaction, the chief financial officer directly owned 279,917 shares in the company, valued at approximately $24,439,553.27. This trade represents a 35.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 436,296 shares of CocaCola stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $80.13, for a total value of $34,960,398.48. Following the sale, the chairman directly owned 122,833 shares in the company, valued at $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last ninety days, insiders sold 1,483,535 shares of company stock valued at $126,442,198. 0.90% of the stock is currently owned by corporate insiders.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analyst coverage remains generally supportive, with brokers highlighting Coca-Cola as an investment candidate. Recent quarterly results also exceeded expectations, with earnings and revenue above consensus and revenue growth of 6.2% year over year. Brokers Suggest Investing in Coca-Cola
• Positive Sentiment: Investors have been seeking established, lower-volatility companies, helping Coca-Cola reach an all-time high and break above $90 for the first time. Its strong brand portfolio and defensive characteristics may be attractive amid market uncertainty. Coca-Cola Hits All-Time High
• Positive Sentiment: Coca-Cola’s long dividend record continues to support its appeal to income-focused investors. Berkshire Hathaway reportedly receives approximately $848 million annually from its Coca-Cola holdings, underscoring the scale and consistency of the payout. Dividend King Pays Berkshire
• Neutral Sentiment: Coverage is also examining Coca-Cola’s cash flow and dividend sustainability as interest rates and bond yields rise. Higher yields could increase the relative appeal of fixed-income investments, although Coca-Cola’s recurring cash generation remains central to its income-investor case. Coca-Cola Cash Flow as Yields Rise
• Negative Sentiment: Executive Vice President Nancy Quan sold 50,000 shares worth about $4.5 million. The filing states the sale covered tax withholding tied to vested equity awards, reducing its negative signaling value, though it may create modest near-term selling pressure.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KO. Morgan Stanley restated an "overweight" rating and issued a $100.00 target price (up from $89.00) on shares of CocaCola in a research report on Wednesday, July 29th. Weiss Ratings reiterated a "buy (b+)" rating on shares of CocaCola in a research report on Friday, July 31st. Sanford C. Bernstein reissued a "market perform" rating and issued a $93.00 price objective on shares of CocaCola in a research note on Wednesday, July 29th. Argus upped their target price on CocaCola from $91.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, UBS Group set a $104.00 target price on CocaCola 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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $95.76.

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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