CocaCola (NYSE:KO) EVP Sells $7,946,000.00 in Stock

CocaCola Company (The) (NYSE:KOGet Free Report) EVP Jennifer Mann sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $79.46, for a total transaction of $7,946,000.00. Following the completion of the transaction, the executive vice president owned 207,400 shares of the company’s stock, valued at approximately $16,480,004. This trade represents a 32.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Trading Down 1.1%

KO opened at $82.65 on Friday. CocaCola Company has a twelve month low of $65.35 and a twelve month high of $84.04. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $78.58 and a 200-day moving average of $75.63. The stock has a market cap of $355.58 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 3.34 and a beta of 0.35.

CocaCola (NYSE:KOGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The company had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $12.24 billion. During the same period in the prior year, the company posted $0.73 earnings per share. CocaCola’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, sell-side analysts predict that CocaCola Company will post 3.26 EPS for the current year.

CocaCola Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Eurizon SLJ Capital Ltd bought a new position in shares of CocaCola in the fourth quarter valued at $552,000. Farther Finance Advisors LLC lifted its stake in shares of CocaCola by 38.1% in the fourth quarter. Farther Finance Advisors LLC now owns 111,598 shares of the company’s stock valued at $7,802,000 after buying an additional 30,786 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of CocaCola by 82.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,700 shares of the company’s stock valued at $3,296,000 after buying an additional 22,444 shares in the last quarter. Capitolis Liquid Global Markets LLC lifted its stake in shares of CocaCola by 16.4% in the third quarter. Capitolis Liquid Global Markets LLC now owns 710,000 shares of the company’s stock valued at $47,087,000 after buying an additional 100,000 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in shares of CocaCola by 0.8% in the fourth quarter. King Luther Capital Management Corp now owns 3,852,525 shares of the company’s stock valued at $269,330,000 after buying an additional 31,694 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KO shares. Jefferies Financial Group increased their price objective on shares of CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Citigroup increased their price objective on shares of CocaCola from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Barclays increased their price objective on shares of CocaCola from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Morgan Stanley set a $89.00 price target on shares of CocaCola in a report on Wednesday. Finally, TD Cowen raised their price target on shares of CocaCola from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Fifteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, CocaCola presently has an average rating of “Moderate Buy” and a consensus price target of $86.69.

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Key Stories Impacting CocaCola

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CocaCola Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for CocaCola (NYSE:KO)

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