The Virginia Retirement Systems ET Al significantly reduced its stake in The Coca-Cola Company (KO) during the third quarter of 2025. The institutional investor sold 227,300 shares, representing 71.7% of its total holdings.
The filing, reported on January 1, 2026, follows recent insider activity. Two Executive Vice Presidents executed sales totaling $15.95 million over the preceding 90 days.
Despite the institutional and insider sales, broader market sentiment for Coca-Cola remains optimistic. Wall Street analysts maintain a consensus "Buy" rating on the stock, with an average price target of $79.08.
This positive outlook is supported by two key factors. Analysts expect 5% to 6% organic revenue growth in 2026, alongside a stable leadership transition.