Summit Global Investments Buys 36,904 Shares of CocaCola Company (The) $KO

Summit Global Investments lifted its stake in CocaCola Company (The) (NYSE:KO) by 171.8% in the first quarter, Holdings Channel.com reports. The fund owned 58,382 shares of the company’s stock after purchasing an additional 36,904 shares during the period. Summit Global Investments’ holdings in CocaCola were worth $4,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in CocaCola by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company’s stock worth $26,200,276,000 after purchasing an additional 5,886,352 shares during the period. State Street Corp grew its holdings in CocaCola by 1.2% during the 4th quarter. State Street Corp now owns 167,850,330 shares of the company’s stock valued at $11,734,417,000 after buying an additional 1,992,327 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CocaCola by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company’s stock valued at $6,273,037,000 after buying an additional 433,547 shares during the period. Norges Bank bought a new stake in shares of CocaCola during the fourth quarter valued at about $3,865,807,000. Finally, Franklin Resources Inc. lifted its holdings in shares of CocaCola by 3.1% in the fourth quarter. Franklin Resources Inc. now owns 40,289,857 shares of the company’s stock worth $2,816,697,000 after buying an additional 1,195,581 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Transactions at CocaCola

In related news, EVP Jennifer K. Mann sold 23,984 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $83.41, for a total value of $2,000,505.44. Following the completion of the transaction, the executive vice president directly owned 157,400 shares in the company, valued at approximately $13,128,734. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman James Quincey sold 436,296 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $80.13, for a total value of $34,960,398.48. Following the completion of the transaction, the chairman directly owned 122,833 shares in the company, valued at approximately $9,842,608.29. This represents a 78.03% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders sold 899,905 shares of company stock valued at $71,832,315. Insiders own 0.90% of the company’s stock.

CocaCola Stock Up 0.6%

KO stock opened at $82.07 on Tuesday. The company’s 50 day moving average is $81.31 and its 200 day moving average is $77.77. The stock has a market cap of $353.09 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 3.26 and a beta of 0.34. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $85.68.

CocaCola (NYSE:KO) last announced 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 business had revenue of $12.47 billion during the quarter, compared to analyst estimates of $12.24 billion. During the same period in the previous year, the business posted $0.73 earnings per share. CocaCola’s revenue for the quarter 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 predict that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. CocaCola’s dividend payout ratio (DPR) is 66.67%.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analysts highlighted Coca-Cola’s pricing power and ability to balance higher prices with affordability and volume growth, suggesting the company can protect margins and sustain durable growth in 2026. Coca-Cola’s Pricing Power: Is it Still Driving Growth in 2026?
• Positive Sentiment: UBS said Coca-Cola’s growth outlook remains strong ahead of Q2 results, with expectations that the company will deliver solid earnings and keep full-year guidance intact, which could support shares if confirmed. Coca-Cola’s Growth Outlook Remains Strong Ahead of Q2 Results, UBS Says
• Positive Sentiment: Recent coverage also noted that KO is trading near all-time highs as investors rotate away from more volatile AI names, reinforcing Coca-Cola’s appeal as a stable large-cap holding. 5 Stocks Quietly Trading Near All-Time Highs While Everyone Watches the AI Drama (KO)
• Neutral Sentiment: Coca-Cola picked bankers for a possible India bottler IPO, which could be a long-term strategic move but does not yet provide enough detail on valuation, timing, or financial impact. Coca-Cola picks bankers for its India bottler IPO
• Neutral Sentiment: Multiple pieces of analyst and technical commentary are keeping KO in focus before earnings, but they are mostly reiterating existing bullish sentiment rather than revealing a fresh catalyst. Coca-Cola Stock in Focus: A Look at the Earnings, Analyst Activity, Technical Picture
• Negative Sentiment: Some commentary argues KO is trading at a premium valuation versus peers, which could limit upside if upcoming earnings or guidance fail to exceed expectations. Coca-Cola: Safety Has A Price, But Right Now, It’s A Premium One

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KO. Citigroup raised their price objective on shares of CocaCola from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Morgan Stanley set a $89.00 target price on shares of CocaCola in a research note on Wednesday, June 10th. UBS Group raised their price target on shares of CocaCola from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday. Truist Financial set a $88.00 price target on shares of CocaCola in a report on Friday, June 26th. Finally, Piper Sandler reiterated an “overweight” rating on shares of CocaCola in a research report on Friday, June 26th. Fourteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, CocaCola has a consensus rating of “Moderate Buy” and an average price target of $89.20.

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.