Royal Fund Management 13F: Cuts The Coca-Cola (KO) Stake by $2.9M
Key Points
- Royal Fund Management disclosed in an October 22, 2026 filing that it cut its holdings in The Coca-Cola Company KO by 44.1%, leaving it with 42,990 shares.
- Shares of The Coca-Cola Company recently traded around $95.34, sitting above both their 50-day and 200-day moving averages as the company heads toward its upcoming earnings report.
- Wall Street maintains a general buy rating on the beverage giant, with a mean price target of $95.12 across 24 analyst opinions.
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Royal Fund Management reduced its investment in The Coca-Cola Company KO during the third quarter, according to a Form 13F filing submitted to the SEC on October 22, 2026. The fund cut its stake by 33,904 shares, marking a 44.1% decrease from the previous period. That leaves the fund with 42,990 shares valued at approximately $3.7 million. The stock closed at $95.34 on the day the filing was made public.
KO
The Coca-Cola Company
What Changed in Royal Fund Management's The Coca-Cola Company Position
The fund held 76,894 shares of the beverage maker before the adjustment. By trimming the position down to 42,990 shares, Royal Fund Management stepped back from its prior holding size. The reported value of the remaining shares stood at $3,700,610.
Other Institutional Activity in The Coca-Cola Company
Other major investors adjusted their positions in the beverage company around the same time. E. Ohman J:or Asset Management reduced its holdings by 43,880 shares, ending with 105,385 shares worth about $9.1 million. SBI Securities grew its stake by 40,010 shares, finishing with 284,080 shares valued at roughly $24.5 million. Meanwhile, Berkshire Hathaway, Inc held steady with 400,000,000 shares valued at about $38.1 billion.
The Coca-Cola Company Stock Up 2.0%
The stock recently traded around $95.34 as of October 23, 2026, remaining right around its event-day close. Shares trade about 7.3% above their 50-day moving average of $88.82 and roughly 17.2% above their 200-day moving average of $81.33. The stock sits roughly 1.3% above its 52-week high of $94.10 and well above its 52-week low of $67.27. The current price is also very close to the analyst consensus target of $95.12.
Recent Earnings
The company generated $50.13 billion in trailing twelve-month revenue, with earnings of $3.33 per share. Profitability remains strong, showing a net profit margin of 28.6% and a return on equity of 42.1%. Year-over-year revenue grew by 6.7%. The next earnings announcement is scheduled for October 27, 2026.
Dividend
The company pays an annual dividend rate of $2.12 per share, which translates to a dividend yield of 2.29%. Dividend payments consume 62.5% of the company's earnings based on its payout ratio.
Insider Buying and Selling at The Coca-Cola Company
Company insiders executed several sales prior to the filing. Chairman of the Board James R. Quincey sold 527,087 shares on July 29, 2026, for a total value of $47.47 million. President John Murphy sold 152,483 shares on July 31, 2026, at an average price of $87.31, totaling $13.31 million. Divisional Officer Luisa Ortega sold 55,755 shares on August 6, 2026, worth about $4.83 million. Officer Nancy W Quan sold 50,000 shares on August 19, 2026, at an average price of $90.39, totaling $4.52 million.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On July 30, 2026, Argus Research maintained a Buy rating and raised its price target from $91.00 to $97.00. JP Morgan maintained an Overweight rating on September 28, 2026, while adjusting its target from $96.00 to $95.00. Wells Fargo maintained an Overweight rating on October 5, 2026, moving its target from $95.00 to $90.00. Citigroup maintained a Buy rating on October 14, 2026, lifting its target from $100.00 to $102.00. Barclays maintained an Overweight rating on October 16, 2026, raising its target from $93.00 to $98.00. Overall, the stock carries a consensus buy recommendation from 24 analysts.
About The Coca-Cola Company
The Coca-Cola Company operates as a global beverage manufacturer, producing and distributing a wide array of nonalcoholic drinks. Its portfolio spans sparkling soft drinks, waters, sports drinks, coffees, teas, juices, and plant-based options, alongside syrup concentrates supplied to fountain retailers and restaurants.
Bottom Line
Investors will look to the upcoming earnings report on October 27, 2026, for further updates on financial performance and demand trends. Future regulatory filings will show whether other institutional managers follow Royal Fund Management in adjusting their holdings.
Related Filing Alerts
Source: Royal Fund Management's 13F filing on $KO (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts