Wilmington Savings Fund Society, FSB 13F: Cuts KO Stake by $3.5M

Wilmington Savings Fund Society cut its stake in The Coca-Cola Company [NYSE: KO] by 23.2% during the third quarter, according to a Form 13F filing with the U.S. Securities and Exchange Commission on October 23, 2026. The institutional investor sold 40,891 shares during the period, ending with 135,055 shares worth about $11.6 million.

KO The Coca-Cola Company

$92.89 ▲ +37.01% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Wilmington Savings Fund Society's The Coca-Cola Company Position

The reduction lowers the firm's exposure to the beverage maker after holding 175,946 shares previously. The remaining stake of 135,055 shares carried a reported value of $11,625,534 at the time of the filing. The filing was submitted on October 23, 2026, reflecting portfolio adjustments made over the course of the quarter.

Other Institutional Activity in The Coca-Cola Company

Berkshire Hathaway, Inc held steady with 400,000,000 shares valued at about $37.1 billion, making no change to its massive position in the beverage producer.

The Coca-Cola Company Stock Holds Steady

The shares closed at $92.71 on October 23, 2026, and recently traded around $92.71 as of October 24, 2026. The stock sits below its 52-week high of $95.37 and well above its 52-week low of $67.27. It trades above its 50-day moving average of $88.99 and above its 200-day moving average of $81.46. The company has a market capitalization of roughly $410.2 billion and a trailing P/E ratio of 28.6.

Recent Earnings

The company generated trailing-twelve-month revenue of $50,128,998,400 with a net profit margin of 28.6% and a return on equity of 42.1%. Diluted trailing-twelve-month earnings stood at $3.33 per share. Revenue grew 6.7% year-over-year. Investors look toward the next earnings release scheduled for October 27, 2026.

Dividend

The beverage company pays an annual dividend rate of $2.12 per share with a dividend yield of 2.22%. The payout ratio sits at 62.5% of earnings.

Insider Buying and Selling at The Coca-Cola Company

Chairman of the board James R. Quincey disposed of 527,087 shares on July 29, 2026, for a total value of $47,468,615. President John Murphy sold 152,483 shares at an average price of $87.31 per share on July 31, 2026, totaling $13,313,580. Divisional officer Luisa Ortega sold 55,755 shares on August 6, 2026, worth $4,827,894. Officer Nancy W Quan sold 50,000 shares at $90.39 per share on August 19, 2026, for a total value of $4,519,260.

Analysts Set New Price Targets

Argus Research maintained a buy rating on July 30, 2026, lifting its price target from $91.00 to $97.00. JP Morgan maintained an overweight rating on September 28, 2026, moving its target from $96.00 to $95.00. Wells Fargo maintained an overweight rating on October 5, 2026, adjusting 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, raising its target from $93.00 to $98.00. The stock carries a consensus buy rating from 24 analysts with a mean price target of $95.13.

About The Coca-Cola Company

Headquartered in Atlanta, Georgia, the company manufactures and sells nonalcoholic beverages worldwide. Its product portfolio spans trademark sparkling soft drinks, flavored beverages, water, sports drinks, coffee, tea, juices, dairy, and plant-based drinks, alongside syrups supplied to restaurants and convenience stores.

Bottom Line

Market participants will review upcoming financial reports and institutional updates to gauge demand trends. No direct investment stance is implied by these regulatory filings.