Insider Selling: CocaCola (NYSE:KO) EVP Sells 100,000 Shares of Stock

CocaCola Company (The) (NYSE:KO) EVP Jennifer Mann sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $79.46, for a total value of $7,946,000.00. Following the transaction, the executive vice president owned 207,400 shares in the company, valued at approximately $16,480,004. This represents a 32.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CocaCola Price Performance

Shares of NYSE:KO traded up $1.65 during midday trading on Tuesday, hitting $81.19. The company had a trading volume of 7,588,777 shares, compared to its average volume of 16,728,035. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $82.66. The stock has a market cap of $349.34 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 3.18 and a beta of 0.35. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The business’s 50-day simple moving average is $78.19 and its 200-day simple moving average is $75.41.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The company had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The firm’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. On average, research analysts predict that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.6%. CocaCola’s dividend payout ratio is currently 66.67%.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Coca-Cola’s launch of BodyArmor Fit expands its “better-for-you” lineup, supporting growth beyond traditional soda and reinforcing its strategy in health-oriented beverages. Coca-Cola launches BodyArmor Fit as it branches out in the ‘better-for-you’ category
• Positive Sentiment: Recent commentary highlighted Coca-Cola as a Dividend King with decades of payout growth, which can attract income investors looking for stability and cash returns. 1 Plain-As-Day Dividend King to Buy and Never Sell That Has Increased Its Payout for 64 Consecutive Years
• Positive Sentiment: Analyst and forecast coverage remains constructive, with reports pointing to continued upside expectations for KO and a generally favorable outlook on the stock. Coca-Cola Company (The) (KO) stock forecast and price target
• Positive Sentiment: Coverage of Coca-Cola’s India bottler IPO and refranchising plans suggests possible value creation and improved capital allocation in an important emerging market. How Coca-Cola’s India Bottler IPO Plans and World Cup Push Could Impact Coca-Cola (KO) Investors
• Neutral Sentiment: Chairman James Quincey disclosed share sales, but they were made under a pre-arranged 10b5-1 plan and were tied to tax withholding on vested equity awards, so the insider activity looks routine rather than a red flag. James Quincey Sells 8,000 Shares of CocaCola (NYSE:KO) Stock

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. First National Bank of Mount Dora Trust Investment Services increased its stake in CocaCola by 16.3% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,239 shares of the company’s stock worth $855,000 after purchasing an additional 1,574 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in shares of CocaCola by 1.8% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 41,097 shares of the company’s stock valued at $3,129,000 after purchasing an additional 716 shares in the last quarter. Wealthquest Corp increased its stake in CocaCola by 2.8% during the 1st quarter. Wealthquest Corp now owns 7,598 shares of the company’s stock worth $578,000 after buying an additional 206 shares during the period. Parallel Advisors LLC increased its stake in CocaCola by 5.5% during the 1st quarter. Parallel Advisors LLC now owns 101,076 shares of the company’s stock worth $7,687,000 after buying an additional 5,274 shares during the period. Finally, First Nebraska Trust Co acquired a new stake in CocaCola during the 1st quarter worth approximately $5,521,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on KO shares. Evercore reiterated an “outperform” rating and issued a $85.00 target price on shares of CocaCola in a report on Wednesday, February 11th. Barclays lifted their price target on shares of CocaCola from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. TD Cowen raised their target price on CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. UBS Group increased their price target on CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Truist Financial set a $85.00 price objective on CocaCola in a research report on Wednesday, February 11th. Fifteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $86.80.

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.