CocaCola (NYSE:KO) Insider Bruno Pietracci Sells 111,365 Shares

CocaCola Company (The) (NYSE:KO) insider Bruno Pietracci sold 111,365 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $90.93, for a total transaction of $10,126,419.45. Following the completion of the transaction, the insider owned 41,365 shares in the company, valued at approximately $3,761,319.45. This trade represents a 72.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Bruno Pietracci also recently made the following trade(s):

• On Tuesday, July 28th, Bruno Pietracci sold 75,727 shares of CocaCola stock. The shares were sold at an average price of $89.65, for a total transaction of $6,788,925.55.

CocaCola Trading Up 0.8%

Shares of KO traded up $0.74 on Monday, hitting $91.84. 5,101,185 shares of the stock traded hands, compared to its average volume of 17,088,936. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $395.14 billion, a P/E ratio of 27.58, a P/E/G ratio of 3.18 and a beta of 0.33. The stock’s 50 day moving average is $84.27 and its two-hundred day moving average is $80.41. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $92.45.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, July 28th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. The firm had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $13.17 billion. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. CocaCola’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, sell-side analysts predict that CocaCola Company will post 3.29 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 15th. CocaCola’s dividend payout ratio is presently 63.66%.

Institutional Investors Weigh In On CocaCola

A number of institutional investors have recently modified their holdings of KO. California State Teachers Retirement System boosted its stake in CocaCola by 7,365.2% in the second quarter. California State Teachers Retirement System now owns 487,509,960 shares of the company’s stock valued at $39,619,934,000 after acquiring an additional 480,979,487 shares during the period. Vanguard Group Inc. raised its position in shares of CocaCola by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 374,771,512 shares of the company’s stock worth $26,200,276,000 after purchasing an additional 5,886,352 shares during the period. State Street Corp grew its stake in CocaCola by 1.2% during the 4th quarter. State Street Corp now owns 167,850,330 shares of the company’s stock worth $11,734,417,000 after buying an additional 1,992,327 shares during the last quarter. Geode Capital Management LLC grew its stake in CocaCola by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 89,984,203 shares of the company’s stock worth $6,273,037,000 after buying an additional 433,547 shares during the last quarter. Finally, Norges Bank acquired a new stake in CocaCola in the fourth quarter worth $3,865,807,000. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Seaport Research Partners set a $95.00 price target on CocaCola in a research note on Friday, August 14th. Weiss Ratings reiterated a “buy (b+)” rating on shares of CocaCola in a report on Friday, July 31st. Wells Fargo & Company raised their target price on shares of CocaCola from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. UBS Group set a $104.00 target price on shares of CocaCola and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group lifted their target price on CocaCola from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.76.

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.