Bank of New York Mellon Corp Lowers Stake in CocaCola Company (The) $KO

Bank of New York Mellon Corp cut its position in shares of CocaCola Company (The) (NYSE:KO) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 28,307,324 shares of the company’s stock after selling 371,868 shares during the period. Bank of New York Mellon Corp’s holdings in CocaCola were worth $2,152,772,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Louisbourg Investments Inc. acquired a new stake in shares of CocaCola in the first quarter worth $25,000. Anfield Capital Management LLC boosted its position in CocaCola by 438.8% during the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after purchasing an additional 294 shares during the period. Headlands Technologies LLC acquired a new position in shares of CocaCola during the second quarter worth about $26,000. Evolution Wealth Management Inc. boosted its position in shares of CocaCola by 1,081.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after buying an additional 357 shares during the period. Finally, Daytona Street Capital LLC acquired a new stake in shares of CocaCola in the fourth quarter valued at about $29,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola advanced a 75% Africa bottler deal after South African approval, a step that could strengthen its distribution footprint and long-term growth prospects in an important emerging market. Coca-Cola (KO) Advances 75% Africa Bottler Deal After South African Approval Backing
• Positive Sentiment: Several recent articles highlight bullish views on Coca-Cola as a durable, high-quality dividend stock, emphasizing its 64-year dividend growth streak, strong brand, and steady demand profile that can appeal to investors in uncertain markets. Here’s What I Think Is Going On With Coca-Cola Stock
• Positive Sentiment: Market commentary also notes Coca-Cola’s broad investor following and “most watched” status, which suggests continued interest from both retail and institutional investors. Is Most-Watched Stock CocaCola Company (The) (KO) Worth Betting on Now?
• Neutral Sentiment: Additional articles frame KO as a classic defensive, income-oriented holding and compare its valuation and dividend appeal against other stocks, but these pieces are largely informational rather than new fundamental catalysts. Here Are the Coca-Cola Shares You’d Need to Generate $12,000 in Annual Dividend Income
• Negative Sentiment: Despite the positive commentary, KO still trades at a relatively elevated valuation, with forward and trailing P/E ratios in the mid-20s, which may limit near-term upside if growth does not accelerate further. Is The Coca-Cola Company (KO) A Good Stock To Buy Now?

CocaCola Trading Down 0.8%

Shares of NYSE:KO opened at $82.38 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The company’s 50-day moving average price is $81.06 and its 200 day moving average price is $77.50. The company has a market cap of $354.45 billion, a PE ratio of 25.91, a P/E/G ratio of 3.32 and a beta of 0.34. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $85.68.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The business had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $12.24 billion. During the same period in the previous year, the firm posted $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. Sell-side analysts anticipate that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, June 15th. CocaCola’s payout ratio is 66.67%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KO shares. Bank of America boosted their price target on CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of CocaCola from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, March 30th. Truist Financial set a $88.00 target price on shares of CocaCola in a research note on Friday, June 26th. Citigroup lifted their price target on shares of CocaCola from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Piper Sandler restated an “overweight” rating on shares of CocaCola in a research note on Friday, June 26th. Fifteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, CocaCola has an average rating of “Moderate Buy” and an average target price of $88.44.

Insider Transactions at CocaCola

In related news, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $80.93, for a total transaction of $2,559,411.25. Following the sale, the executive vice president directly owned 223,330 shares in the company, valued at $18,074,096.90. The trade was a 12.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the completion of the transaction, the chairman owned 122,833 shares of the company’s stock, valued at $9,842,608.29. This represents a 78.03% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders sold 899,905 shares of company stock valued at $71,832,315. 0.90% of the stock is currently owned by corporate insiders.

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.