Sumitomo Mitsui Trust Group Inc. Sells 507,956 Shares of CocaCola Company (The) $KO

Sumitomo Mitsui Trust Group Inc. trimmed its position in CocaCola Company (The) (NYSE:KO) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,511,059 shares of the company’s stock after selling 507,956 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in CocaCola were worth $723,316,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eurizon SLJ Capital Ltd purchased a new position in CocaCola during the 4th quarter valued at $552,000. Farther Finance Advisors LLC lifted its position in shares of CocaCola by 38.1% in the 4th quarter. Farther Finance Advisors LLC now owns 111,598 shares of the company’s stock worth $7,802,000 after purchasing an additional 30,786 shares during the period. Capitolis Liquid Global Markets LLC lifted its position in shares of CocaCola by 16.4% in the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 710,000 shares of the company’s stock worth $47,087,000 after purchasing an additional 100,000 shares during the period. King Luther Capital Management Corp boosted its stake in shares of CocaCola by 0.8% during the 4th quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company’s stock valued at $269,330,000 after purchasing an additional 31,694 shares in the last quarter. Finally, Greenberg Financial Group bought a new stake in shares of CocaCola during the 4th quarter valued at about $507,000. 70.26% of the stock is currently owned by institutional investors.

CocaCola Price Performance

Shares of KO opened at $83.47 on Thursday. The stock has a market cap of $359.12 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 3.36 and a beta of 0.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $85.68. The firm’s 50-day simple moving average is $80.62 and its two-hundred day simple moving average is $77.04.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $12.24 billion. During the same period last year, the business earned $0.73 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Analysts anticipate that CocaCola Company will post 3.26 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a dividend of $0.53 per share. The ex-dividend date was Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.5%. CocaCola’s payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KO. Deutsche Bank Aktiengesellschaft boosted their price target on shares of CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Citigroup lifted their price objective on CocaCola from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Morgan Stanley set a $89.00 target price on CocaCola in a report on Wednesday, June 10th. Barclays increased their target price on CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, Jefferies Financial Group upped their price target on CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Fifteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Insiders Place Their Bets

In other CocaCola news, Chairman James Quincey sold 436,296 shares of the business’s stock in a transaction on Friday, June 5th. The stock was 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 of the company’s stock, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Nancy Quan sold 31,625 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $80.93, for a total value of $2,559,411.25. Following the completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at approximately $18,074,096.90. This represents a 12.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 899,905 shares of company stock valued at $71,832,315. 0.90% of the stock is currently owned by corporate insiders.

Trending Headlines about CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Several articles highlight Coca-Cola as a defensive, market-weary investor favorite, with its steady business model and consistent earnings beats supporting the stock’s premium valuation. Article Title
• Positive Sentiment: Analysts and commentators continue to point to Coca-Cola’s strong year-to-date performance and relative outperformance versus many consumer staples peers, reinforcing momentum in the stock. Article Title
• Neutral Sentiment: Pepsi’s upcoming earnings are being framed as a comparison point for the beverage sector, but this is more of a read-through for competitor performance than a direct Coca-Cola catalyst. Article Title
• Neutral Sentiment: Coverage noting a pullback in KO shares says the stock’s defensive appeal remains in focus, suggesting recent weakness may be seen as a buying opportunity rather than a fundamental problem. Article Title
• Neutral Sentiment: Walmart’s price cuts on Coca-Cola packs raise questions about pricing power and valuation, but the article notes the stock has still shown strong momentum recently, making this a watch item ahead of earnings. Article Title
• Negative Sentiment: A downgrade on Coca-Cola reflects some concern that the stock may have run too far, and another report says KO has underperformed competitors on a recent trading day, which may weigh on sentiment. Article Title

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.