CocaCola Company (The) $KO Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System lessened its holdings in CocaCola Company (The) (NYSE:KO) by 1.6% during the second quarter, Holdings Channel.com reports. The firm owned 1,021,448 shares of the company’s stock after selling 16,700 shares during the quarter. State of Michigan Retirement System’s holdings in CocaCola were worth $83,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KO. Collaborative Fund Advisors LLC purchased a new position in shares of CocaCola during the 2nd quarter worth approximately $560,000. Sterling Wealth Management Inc. boosted its stake in shares of CocaCola by 5.1% in the second quarter. Sterling Wealth Management Inc. now owns 5,643 shares of the company’s stock valued at $459,000 after buying an additional 275 shares in the last quarter. Zhang Financial LLC grew its holdings in CocaCola by 1.8% during the second quarter. Zhang Financial LLC now owns 11,300 shares of the company’s stock worth $918,000 after acquiring an additional 204 shares during the period. Eagle Global Advisors LLC grew its holdings in CocaCola by 1.5% during the second quarter. Eagle Global Advisors LLC now owns 120,674 shares of the company’s stock worth $9,807,000 after acquiring an additional 1,746 shares during the period. Finally, Bailard Inc. raised its position in CocaCola by 3.8% in the second quarter. Bailard Inc. now owns 155,251 shares of the company’s stock worth $12,617,000 after acquiring an additional 5,664 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other CocaCola news, CFO John Murphy sold 152,483 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $87.31, for a total value of $13,313,290.73. Following the sale, the chief financial officer owned 279,917 shares of the company’s stock, valued at $24,439,553.27. This represents a 35.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 50,000 shares of the firm’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 transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $20,186,798.70. This trade represents a 18.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,483,535 shares of company stock worth $126,442,198 in the last 90 days. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. Piper Sandler raised their target price on CocaCola from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $93.00 price target on shares of CocaCola in a research note on Wednesday, July 29th. Argus increased their price target on shares of CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Citigroup raised their price objective on shares of CocaCola from $97.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Morgan Stanley reissued an “overweight” rating and set a $100.00 price objective (up from $89.00) on shares of CocaCola in a report on Wednesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.

Trending Headlines about 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.

CocaCola Stock Performance

Shares of KO stock opened at $90.91 on Monday. The stock has a fifty day moving average price of $84.27 and a 200 day moving average price of $80.41. The stock has a market cap of $391.14 billion, a PE 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 quick ratio of 1.12 and a current ratio of 1.30.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $13.17 billion. CocaCola had a return on equity of 39.38% and a net margin of 28.56%.CocaCola’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Sell-side analysts forecast 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 given a $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. CocaCola’s payout ratio is currently 63.66%.

CocaCola 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.