Zions Bancorporation National Association UT Lowers Stock Holdings in CocaCola Company (The) $KO

Key Points

• Zions Bancorporation cut its Coca-Cola stake by 43.5% in the second quarter, selling 18,673 shares and retaining 24,253 shares worth approximately $1.97 million. Institutional investors collectively own 70.26% of the company.
• Coca-Cola exceeded quarterly expectations, reporting $0.97 in earnings per share and $13.37 billion in revenue, with revenue rising 6.2% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $95.76.
• The company declared a quarterly dividend of $0.53 per share, equal to a $2.12 annualized payout and a 2.3% yield. Recent insider sales were largely attributed to tax withholding obligations tied to vested equity awards.

Zions Bancorporation National Association UT lessened its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 43.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,253 shares of the company's stock after selling 18,673 shares during the period. Zions Bancorporation National Association UT's holdings in CocaCola were worth $1,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisbourg Investments Inc. acquired a new position in shares of CocaCola in the first quarter valued at approximately $25,000. Guardian Partners Inc. acquired a new stake in shares of CocaCola during the second quarter worth $27,000. Anfield Capital Management LLC grew its position in CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock valued at $25,000 after buying an additional 294 shares during the last quarter. Headlands Technologies LLC purchased a new position in CocaCola in the 2nd quarter valued at $26,000. Finally, Evolution Wealth Management Inc. increased its stake in CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company's stock valued at $27,000 after buying an additional 357 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Price Performance

CocaCola stock opened at $90.91 on Monday. The company has a market cap of $391.14 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 3.18 and a beta of 0.33. CocaCola Company has a one year low of $65.35 and a one year high of $91.86. The business has a fifty day moving average of $84.27 and a two-hundred day moving average of $80.41. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly 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. The business had revenue of $13.37 billion for 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 business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, analysts predict that CocaCola Company will post 3.29 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

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

Analysts Set New Price Targets

KO has been the subject of a number of analyst reports. Morgan Stanley restated an "overweight" rating and set a $100.00 price objective (up from $89.00) on shares of CocaCola in a research report on Wednesday, July 29th. Jefferies Financial Group boosted their price target on shares of CocaCola from $95.00 to $104.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reissued a "market perform" rating and set a $93.00 price target on shares of CocaCola in a report on Wednesday, July 29th. TD Cowen raised their price objective on shares of CocaCola from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Finally, UBS Group set a $104.00 price objective 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 company. Based on data from MarketBeat, CocaCola currently has an average rating of "Moderate Buy" and an average price target of $95.76.

Insider Activity at CocaCola

In other news, EVP Nancy Quan sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the sale, the executive vice president owned 223,330 shares of the company's stock, valued at $20,186,798.70. The trade was a 18.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Bruno Pietracci sold 75,727 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $89.65, for a total value of $6,788,925.55. Following the completion of the sale, the insider owned 35,393 shares in the company, valued at approximately $3,172,982.45. This represents a 68.15% decrease in their position. 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. Insiders sold a total of 1,483,535 shares of company stock valued at $126,442,198 in the last ninety days. Company insiders own 0.90% of the company's stock.

Key CocaCola News

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.

About CocaCola

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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