Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Sells 80,795 Shares of CocaCola Company (The) $KO

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust trimmed its stake in CocaCola Company (The) (NYSE:KO) by 46.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,369 shares of the company’s stock after selling 80,795 shares during the quarter. CocaCola makes up about 2.0% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s portfolio, making the stock its 23rd biggest holding. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s holdings in CocaCola were worth $7,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KO. Louisbourg Investments Inc. acquired a new stake in shares of CocaCola in the 1st quarter valued at approximately $25,000. Anfield Capital Management LLC increased its holdings in CocaCola by 438.8% during the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after buying an additional 294 shares during the last quarter. Headlands Technologies LLC acquired a new position in CocaCola during the second quarter worth $26,000. Evolution Wealth Management Inc. raised its position in CocaCola by 1,081.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after acquiring an additional 357 shares in the last quarter. Finally, Ankerstar Wealth LLC acquired a new stake in CocaCola in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Trading Up 1.8%

KO stock opened at $90.38 on Thursday. CocaCola Company has a one year low of $65.35 and a one year high of $90.92. The stock has a market cap of $388.88 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 3.10 and a beta of 0.33. The company has a fifty day moving average price of $83.95 and a two-hundred day moving average price of $80.19. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12.

CocaCola (NYSE:KO) last issued 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 company 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 company’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. Equities analysts anticipate that CocaCola Company will post 3.29 EPS for the current year.

CocaCola Dividend Announcement

The business 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 $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. CocaCola’s dividend payout ratio is 63.66%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KO. UBS Group set a $104.00 price objective on shares of CocaCola and gave the company a “buy” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $93.00 target price on shares of CocaCola in a report on Wednesday, July 29th. Truist Financial set a $88.00 target price on shares of CocaCola in a research note on Friday, June 26th. Evercore reiterated an “outperform” rating and set a $100.00 price target on shares of CocaCola in a report on Tuesday, July 28th. Finally, 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. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.76.

Insider Transactions at CocaCola

In other news, insider Sanket Ray sold 9,958 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $86.50, for a total value of $861,367.00. Following the transaction, the insider owned 62,105 shares of the company’s stock, valued at approximately $5,372,082.50. This represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruno Pietracci sold 75,727 shares of CocaCola 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 sale, the insider directly owned 35,393 shares of the company’s stock, valued at approximately $3,172,982.45. The trade was a 68.15% decrease in their ownership of the stock. 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 90 days, insiders sold 1,433,535 shares of company stock worth $121,922,698. 0.90% of the stock is currently owned by insiders.

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.