James Quincey Sells 8,000 Shares of CocaCola (NYSE:KO) Stock

CocaCola Company (The) (NYSE:KOGet Free Report) Chairman James Quincey sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $80.00, for a total transaction of $640,000.00. Following the completion of the sale, the chairman directly owned 122,833 shares of the company’s stock, valued at $9,826,640. The trade was a 6.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.

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

  • On Friday, June 5th, James Quincey sold 436,296 shares of CocaCola stock. The shares were sold at an average price of $80.13, for a total transaction of $34,960,398.48.
  • On Thursday, May 7th, James Quincey sold 200,000 shares of CocaCola stock. The shares were sold at an average price of $78.90, for a total transaction of $15,780,000.00.

CocaCola Stock Up 2.2%

Shares of NYSE:KO opened at $81.30 on Wednesday. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $82.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.36. The company has a market capitalization of $349.78 billion, a PE ratio of 25.57, a PEG ratio of 3.18 and a beta of 0.35. The company has a 50 day moving average price of $78.30 and a two-hundred day moving average price of $75.48.

CocaCola (NYSE:KOGet Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, beating 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 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 prior year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Analysts forecast that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Announces Dividend

The business 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 of this dividend is Monday, June 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. CocaCola’s dividend payout ratio is currently 66.67%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada set a $87.00 price objective on shares of CocaCola in a research report on Wednesday, February 11th. 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. Evercore reissued an “outperform” rating and set a $85.00 price objective on shares of CocaCola in a research report on Wednesday, February 11th. UBS Group increased their price objective on shares of CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley set a $88.00 target price on shares of CocaCola in a report on Wednesday, March 11th. Fifteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $86.80.

Get Our Latest Analysis on CocaCola

Trending Headlines about CocaCola

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Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its holdings in CocaCola by 0.3% during the first quarter. Geneos Wealth Management Inc. now owns 40,879 shares of the company’s stock worth $3,109,000 after purchasing an additional 129 shares during the last quarter. HORAN Wealth LLC lifted its stake in CocaCola by 3.9% in the first quarter. HORAN Wealth LLC now owns 3,458 shares of the company’s stock valued at $263,000 after acquiring an additional 130 shares during the last quarter. Wills Financial Group LLC lifted its stake in CocaCola by 1.3% in the first quarter. Wills Financial Group LLC now owns 10,170 shares of the company’s stock valued at $816,000 after acquiring an additional 133 shares during the last quarter. Beacon Financial Advisory LLC lifted its stake in CocaCola by 0.5% in the first quarter. Beacon Financial Advisory LLC now owns 26,844 shares of the company’s stock valued at $2,041,000 after acquiring an additional 136 shares during the last quarter. Finally, Vestia Personal Wealth Advisors lifted its stake in CocaCola by 3.8% in the fourth quarter. Vestia Personal Wealth Advisors now owns 3,819 shares of the company’s stock valued at $275,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

About CocaCola

(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.

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