Bell Bank 13F: Cuts The Coca-Cola (KO) Stake by $1.1M

Bell Bank reduced its investment in The Coca-Cola Company (NYSE:KO) by 12,387 shares during the third quarter, bringing its total holdings down to 16,964 shares. According to a Form 13F filing with the SEC on October 21, 2026, the remaining stake was valued at approximately $1,460,261.

KO The Coca-Cola Company

$92.90 ▲ +37.02% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Bell Bank's The Coca-Cola Company Position

The institutional investor trimmed its position by 42.2% compared to the previous quarter, when it held 29,351 shares. The filing shows the portfolio adjustment was completed during a period when the beverage company's shares moved closer to their upper annual boundaries.

Other Institutional Activity in The Coca-Cola Company

Other major investors maintained steady positions in the beverage maker during the period. Berkshire Hathaway, Inc kept its massive stake unchanged, holding 400,000,000 shares valued at approximately $37,072,000,122.

The Coca-Cola Company Stock Up 0.4%

The stock recently traded around $92.67 as of October 22, 2026, sitting about equal to its closing price of $92.68 on the filing date. Shares trade 1.5% below their 52-week high of $94.10 and 37.8% above their 52-week low of $67.27. The stock also trades above both its 50-day moving average of $88.82 and its 200-day moving average of $81.33. The company carries a market capitalization of roughly $398.76 billion and a trailing P/E ratio of 27.8.

Recent Earnings

The company generated $50.13 billion in trailing-twelve-month revenue with an EPS of $3.33. Profitability metrics include a net profit margin of 28.6% and a return on equity of 42.1%. The next earnings report is scheduled for October 27, 2026.

Dividend

The Coca-Cola Company pays an annual dividend rate of $2.12 per share, yielding 2.29% with a payout ratio of 62.5%.

Insider Buying and Selling at The Coca-Cola Company

Company insiders completed several transactions prior to the filing date. Chairman of the Board James R. Quincey disposed of 527,087 shares valued at $47,468,615 on July 29, 2026. President John Murphy sold 152,483 shares at $87.31 per share for a total of $13,313,580 on July 31, 2026. Divisional Officer Luisa Ortega parted with 55,755 shares worth $4,827,894 on August 6, 2026. Officer Nancy W Quan sold 50,000 shares at an average price of $90.39 for a total of $4,519,260 on August 19, 2026.

Analysts Set New Price Targets

Wall Street firms adjusted their views on the stock across several dates leading up to the filing. On July 30, 2026, Argus Research maintained its Buy rating while lifting its price target from $91.00 to $97.00. JP Morgan maintained an Overweight rating on September 28, 2026, adjusting its target from $96.00 to $95.00. Wells Fargo maintained an Overweight rating on October 5, 2026, shifting its target from $95.00 to $90.00. Citigroup maintained a Buy rating on October 14, 2026, raising its target from $100.00 to $102.00. Barclays maintained an Overweight rating on October 16, 2026, boosting its target from $93.00 to $98.00. Overall, the stock carries a consensus buy recommendation from 24 analysts with a mean price target of $95.13.

About The Coca-Cola Company

Headquartered in Atlanta, Georgia, The Coca-Cola Company manufactures and distributes non-alcoholic beverages globally. Its portfolio spans sparkling soft drinks under trademark Coca-Cola, waters, sports drinks, coffees, teas, juices, and plant-based beverages, alongside fountain syrups supplied to restaurants and convenience stores.

Bottom Line

Investors will look toward the upcoming earnings release on October 27, 2026, for updated financial guidance. Monitoring subsequent regulatory filings will also show whether other regional financial institutions continue adjusting their positions in the consumer staples giant.