Insider Selling: CocaCola (NYSE:KO) Chairman Sells 200,000 Shares of Stock

CocaCola Company (The) (NYSE:KO) Chairman James Quincey sold 200,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $78.90, for a total transaction of $15,780,000.00. Following the completion of the sale, the chairman directly owned 78,155 shares of the company’s stock, valued at $6,166,429.50. This represents a 71.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

James Quincey also recently made the following trade(s):

• On Tuesday, March 3rd, James Quincey sold 250,688 shares of CocaCola stock. The shares were sold at an average price of $79.14, for a total transaction of $19,839,448.32.

CocaCola Stock Performance

NYSE KO traded down $0.17 during trading on Monday, reaching $78.25. The company’s stock had a trading volume of 4,399,139 shares, compared to its average volume of 16,947,621. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $336.66 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.13 and a beta of 0.35. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $82.00. The firm has a 50 day moving average price of $77.03 and a 200 day moving average price of $73.84.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The firm had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. As a group, equities analysts anticipate that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. CocaCola’s dividend payout ratio is 66.67%.

Analysts Set New Price Targets

KO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of CocaCola from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wells Fargo & Company upped their price target on shares of CocaCola from $79.00 to $87.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Evercore reaffirmed an “outperform” rating and set a $85.00 price target on shares of CocaCola in a report on Wednesday, February 11th. Truist Financial set a $85.00 price target on shares of CocaCola in a report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of CocaCola from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, March 30th. Fifteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $86.27.

Hedge Funds Weigh In On CocaCola

A number of institutional investors have recently added to or reduced their stakes in KO. Norges Bank acquired a new position in CocaCola during the 4th quarter worth approximately $3,865,807,000. Cardano Risk Management B.V. increased its position in CocaCola by 867.2% during the 4th quarter. Cardano Risk Management B.V. now owns 14,432,190 shares of the company’s stock worth $1,008,954,000 after purchasing an additional 12,939,959 shares in the last quarter. Marshall Wace LLP increased its position in CocaCola by 1,206.9% during the 4th quarter. Marshall Wace LLP now owns 10,641,007 shares of the company’s stock worth $743,913,000 after purchasing an additional 9,826,768 shares in the last quarter. Bank of America Corp DE increased its position in CocaCola by 29.2% during the 4th quarter. Bank of America Corp DE now owns 40,182,323 shares of the company’s stock worth $2,809,146,000 after purchasing an additional 9,078,447 shares in the last quarter. Finally, Capital World Investors increased its position in CocaCola by 98.7% during the 4th quarter. Capital World Investors now owns 12,573,527 shares of the company’s stock worth $879,015,000 after purchasing an additional 6,246,627 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

About CocaCola

The Coca?Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca?Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready?to?drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca?Cola’s brand portfolio includes widely recognized names such as Coca?Cola, Diet Coke, Coca?Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.