Sumitomo Mitsui Trust Group Inc. Sells 290,939 Shares of CocaCola Company (The) $KO

Sumitomo Mitsui Trust Group Inc. trimmed its stake in CocaCola Company (The) (NYSE:KO) by 3.1% in the second quarter, HoldingsChannel.com reports. The firm owned 9,220,120 shares of the company’s stock after selling 290,939 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CocaCola were worth $749,319,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Eurizon SLJ Capital Ltd acquired a new stake in CocaCola during the 4th quarter valued at approximately $552,000. Banco Santander S.A. lifted its position in shares of CocaCola by 3.1% in the 2nd 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 lifted its position in shares of CocaCola by 0.8% in the 4th quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company’s stock worth $269,330,000 after purchasing an additional 31,694 shares during the period. Cibc World Market Inc. boosted its stake in shares of CocaCola by 4.8% in the 4th quarter. Cibc World Market Inc. now owns 1,759,546 shares of the company’s stock valued at $123,010,000 after purchasing an additional 79,946 shares during the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of CocaCola in the 4th quarter valued at $1,544,000. 70.26% of the stock is owned by institutional investors.

CocaCola Trading Up 0.5%

NYSE:KO opened at $90.91 on Friday. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $91.86. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $391.14 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 3.18 and a beta of 0.33. The firm has a fifty day simple moving average of $84.27 and a two-hundred day simple moving average of $80.37.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. The firm had revenue of $13.37 billion for the quarter, compared to analyst estimates of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Analysts expect that CocaCola Company will post 3.29 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.53 per share. 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 63.66%.

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.

Insider Buying and Selling at CocaCola

In other news, Chairman James Quincey sold 436,296 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $80.13, for a total transaction of $34,960,398.48. Following the completion of the sale, the chairman 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. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 Jennifer K. Mann sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $79.46, for a total value of $7,946,000.00. Following the transaction, the executive vice president directly owned 181,384 shares in the company, valued at $14,412,772.64. The trade was a 35.54% 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. Insiders sold 1,483,535 shares of company stock worth $126,442,198 in the last quarter. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KO shares. Morgan Stanley reiterated 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. Argus upped their price target on shares of CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Bank of America increased their price target on CocaCola from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Jefferies Financial Group lifted their price objective on CocaCola from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Evercore reissued an “outperform” rating and issued a $100.00 price objective on shares of CocaCola in a research note on Tuesday, July 28th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $95.76.

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.