Insider Selling: CocaCola (NYSE:KO) Insider Sells 111,365 Shares of Stock

CocaCola Company (The) (NYSE:KO) insider Bruno Pietracci sold 111,365 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total transaction of $10,126,419.45. Following the sale, the insider owned 41,365 shares of the company’s stock, valued at $3,761,319.45. This represents a 72.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $6,788,925.55.

CocaCola Stock Performance

NYSE:KO traded up $0.74 during mid-day trading on Monday, reaching $91.84. 5,101,185 shares of the stock were exchanged, compared to its average volume of 17,088,936. The stock 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. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $92.45. The company has a 50 day simple moving average of $84.27 and a 200-day simple moving average of $80.41. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97.

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

CocaCola Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KO. Anfield Capital Management LLC grew its holdings in CocaCola by 438.8% in the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after purchasing an additional 294 shares during the last quarter. Louisbourg Investments Inc. acquired a new position in shares of CocaCola during the 1st quarter worth $25,000. Headlands Technologies LLC purchased a new stake in shares of CocaCola in the 2nd quarter worth about $26,000. Evolution Wealth Management Inc. grew its stake in CocaCola by 1,081.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after acquiring an additional 357 shares during the last quarter. Finally, Guardian Partners Inc. acquired a new stake in CocaCola in the 2nd quarter valued at about $27,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $86.00 price objective (up from $82.00) on shares of CocaCola in a research note on Tuesday, July 28th. UBS Group set a $104.00 target price on shares of CocaCola and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein restated a “market perform” rating and issued a $93.00 price target on shares of CocaCola in a research report on Wednesday, July 29th. HSBC downgraded CocaCola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Evercore reaffirmed an “outperform” rating and set a $100.00 price objective on shares of CocaCola in a research report on Tuesday, July 28th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, CocaCola presently has an average rating of “Moderate Buy” and a consensus target price of $95.76.

CocaCola Company Profile

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.