Commerzbank Raises Coca-Cola Stake 8.6% to $137.5M While Cullen Frost Cuts 3.3%
Commerzbank increased its stake in Coca-Cola by 8.6% to 2.07 million shares worth $137.5M, making it the fund’s 10th largest holding, while Cullen Frost trimmed its position by 3.3% to 623,432 shares valued at $41.3M. Insiders sold 211,704 shares totaling $15.0M over the last 90 days.
1. Commerzbank Increases Coca-Cola Stake
In its latest Form 13F filing, Commerzbank Aktiengesellschaft FI reported an 8.6% increase in its holdings of Coca-Cola, acquiring an additional 164,817 shares to bring its total to 2,073,774 shares. At quarter–end, this position represented 2.9% of the fund’s assets and was valued at $137.53 million, making Coca-Cola its tenth largest holding. The move underscores Commerzbank’s confidence in the beverage giant’s cash flows and dividend profile.
2. Other Major Institutional Adjustments
Several funds also shifted positions in the third quarter. Vanguard Group added 6.24 million shares, lifting its stake to 367.44 million shares valued at $25.997 billion. Aberdeen Group increased its holding by 216,752 shares to 4.56 million shares ($322.46 million), while Yeomans Consulting Group nearly doubled its position, buying 32,478 shares to reach 69,020 shares ($4.61 million). Meanwhile, Virginia Retirement Systems established a new stake worth approximately $22.44 million. Overall, institutional investors now control 70.26% of Coca-Cola’s outstanding stock.
3. Insider Selling Intensifies
Corporate insiders have been net sellers over the past quarter. Chief Operating Officer Henrique Braun sold 40,390 shares at an average of $70.93 per share, generating proceeds of $2.86 million and reducing his holding by 39.21% to 62,621 shares. Executive Vice President Manuel Arroyo off-loaded 139,689 shares at an average of $70.80, realizing $9.89 million and cutting his stake by 70.64% to 58,067 shares. In total, insiders disposed of 211,704 shares valued at $15.01 million over the last 90 days, leaving insiders with 0.97% ownership.
4. Analyst Ratings and Price Targets
Wall Street sentiment remains positive, with one analyst assigning a Strong Buy rating and fourteen issuing Buy ratings. Piper Sandler raised its target from $80.00 to $81.00 and maintained an Overweight stance, while Bank of America increased its price objective to $80.00 and affirmed a Buy rating. UBS reiterated its Buy call, Weiss Ratings affirmed a Buy (B-) recommendation, and Barclays upheld its Overweight rating. The consensus price target stands at $79.08, reflecting expectations for mid‐single-digit revenue growth and stable margin expansion.