The Manufacturers Life Insurance Company Sells 104,779 Shares of CocaCola Company (The) $KO

The Manufacturers Life Insurance Company reduced its holdings in shares of CocaCola Company (The) (NYSE:KO) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,072,126 shares of the company’s stock after selling 104,779 shares during the period. The Manufacturers Life Insurance Company’s holdings in CocaCola were worth $168,402,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings in CocaCola by 7,365.2% in the 2nd quarter. California State Teachers Retirement System now owns 487,509,960 shares of the company’s stock worth $39,619,934,000 after purchasing an additional 480,979,487 shares during the period. Norges Bank purchased a new stake in CocaCola in the fourth quarter worth about $3,865,807,000. Cardano Risk Management B.V. increased its position in CocaCola by 867.2% in the fourth quarter. Cardano Risk Management B.V. now owns 14,432,190 shares of the company’s stock worth $1,008,954,000 after buying an additional 12,939,959 shares in the last quarter. Marshall Wace LLP raised its stake in shares of CocaCola by 1,206.9% in the fourth quarter. Marshall Wace LLP now owns 10,641,007 shares of the company’s stock worth $743,913,000 after buying an additional 9,826,768 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of CocaCola by 29.2% in the fourth quarter. Bank of America Corp DE now owns 40,182,323 shares of the company’s stock worth $2,809,146,000 after buying an additional 9,078,447 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TD Cowen boosted their price objective on CocaCola from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Citigroup raised their target price on shares of CocaCola from $97.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of CocaCola from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Jefferies Financial Group upped their price target on shares of CocaCola from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $93.00 price objective on shares of CocaCola in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, CocaCola currently has an average rating of “Moderate Buy” and a consensus target price of $95.76.

Insider Activity

In related news, insider Sanket Ray sold 9,958 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $86.50, for a total value of $861,367.00. Following the completion of the transaction, the insider directly owned 62,105 shares of the company’s stock, valued at approximately $5,372,082.50. This trade represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Murphy sold 152,483 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the transaction, the chief financial officer owned 279,917 shares of the company’s stock, valued at $24,439,553.27. This trade represents a 35.26% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 926,620 shares of company stock worth $83,075,714. 0.90% of the stock is owned by corporate insiders.

CocaCola Trading Up 0.3%

Shares of CocaCola stock opened at $87.85 on Friday. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $92.49. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $86.55 and a 200-day moving average price of $81.44. The firm has a market cap of $377.99 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 3.41 and a beta of 0.34.

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

CocaCola Dividend Announcement

The company also recently announced 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. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola’s dividend payout ratio is currently 63.66%.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analysts raised earnings estimates: Zacks Research increased its Q3 2026 EPS forecast to $0.87 from $0.86 and lifted its FY2027 forecast to $3.52 from $3.51. The current full-year consensus remains $3.29, reinforcing expectations for steady earnings growth. Zacks Coca-Cola earnings estimate updates
• Positive Sentiment: Dividend reliability continues to attract income investors: Coca-Cola has raised its dividend for 64 consecutive years, making its payout record a major part of the stock’s appeal, particularly for retirees and defensive investors. Coca-Cola 64-year dividend increase article
• Positive Sentiment: Buffett-related investor confidence: Coca-Cola remains one of the consumer brands associated with Warren Buffett’s concentrated Berkshire Hathaway portfolio, potentially supporting its image as a durable, long-term holding. Warren Buffett portfolio article
• Neutral Sentiment: Management’s industry presentation provided additional visibility: Coca-Cola presented at Barclays’ Global Consumer Staples Conference, but the available transcript headline does not identify a major new catalyst or material change to its outlook. Coca-Cola Barclays conference transcript
• Neutral Sentiment: Competitive dividend comparisons remain relevant: Commentary favoring Coca-Cola over PepsiCo highlights KO’s defensive qualities, but PepsiCo’s roughly 4% dividend yield could appeal to income investors seeking a higher current payout. Pepsi versus Coca-Cola stock comparison
• Negative Sentiment: Outperformance may be difficult to repeat: Coca-Cola has outperformed major technology stocks in 2026, but some factors behind its improved results could normalize in coming quarters. With KO trading at about 27 times earnings, investors may be vulnerable to slower growth or weaker-than-expected trends. Coca-Cola versus Magnificent Seven performance article

CocaCola Company Profile

The Coca-Cola Company (NYSE: KO) is a global beverage company best known for its Coca-Cola soft drink, which was first introduced in 1886. The company was incorporated in 1892 and has grown into one of the world’s largest beverage businesses.

Its portfolio includes sparkling soft drinks such as Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite and Fanta, along with water, sports drinks, coffee, tea, juice and dairy-based beverages. Other brands associated with the company include Dasani, smartwater, Powerade, Minute Maid, Simply, Costa Coffee, fairlife and Topo Chico.

The Coca-Cola Company primarily develops, owns and markets beverage brands, while relying on a global network of independent bottling partners and distributors to manufacture, package and deliver many of its products.