Key Points
- Coca-Cola Chairman James Quincey sold 200,000 shares on May 7 at an average price of $78.90, totaling about $15.78 million. After the sale, he still held 78,155 shares, and the transaction cut his ownership by 71.9%.
- The company posted stronger-than-expected first-quarter results, reporting EPS of $0.86 versus $0.81 expected and revenue of $12.47 billion, up 11.4% year over year. Coca-Cola also reaffirmed FY 2026 guidance of 3.240-3.270 EPS.
- Coca-Cola announced a quarterly dividend of $0.53 per share, payable July 1 to shareholders of record as of June 15. That works out to an annualized dividend of $2.12 and a yield of 2.7%.
CocaCola Company (The) (NYSE:KO - Get Free Report) Chairman James Quincey sold 200,000 shares of the firm's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $78.90, for a total transaction of $15,780,000.00. Following the completion of the transaction, the chairman owned 78,155 shares in the company, valued at $6,166,429.50. The trade was a 71.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
James Quincey also recently made the following trade(s):
- On Tuesday, March 3rd, James Quincey sold 250,688 shares of CocaCola stock. The shares were sold at an average price of $79.14, for a total transaction of $19,839,448.32.
CocaCola Stock Performance
NYSE:KO opened at $78.70 on Tuesday. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $82.00. The firm's fifty day simple moving average is $76.95 and its 200 day simple moving average is $73.97. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $338.59 billion, a PE ratio of 24.75, a PEG ratio of 3.13 and a beta of 0.35.
CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The business had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same period last year, the business posted $0.73 EPS. CocaCola's revenue 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 anticipate that CocaCola Company will post 3.26 EPS for the current year.
CocaCola Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.53 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.7%. CocaCola's dividend payout ratio (DPR) is presently 66.67%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on KO. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $83.00 to $85.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Wells Fargo & Company raised their target price on shares of CocaCola from $79.00 to $87.00 and gave the company an "overweight" rating in a research note on Monday, February 9th. Truist Financial set a $85.00 price target on shares of CocaCola in a research report on Wednesday, February 11th. Jefferies Financial Group raised their price target 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. Finally, Barclays raised their price target on shares of CocaCola from $83.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $86.27.
Read Our Latest Research Report on CocaCola
Institutional Trading of CocaCola
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its position in CocaCola by 0.3% in the 1st 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 grew its position in CocaCola by 3.9% in the 1st quarter. HORAN Wealth LLC now owns 3,458 shares of the company's stock worth $263,000 after purchasing an additional 130 shares during the last quarter. Beacon Financial Advisory LLC grew its position in CocaCola by 0.5% in the 1st quarter. Beacon Financial Advisory LLC now owns 26,844 shares of the company's stock worth $2,041,000 after purchasing an additional 136 shares during the last quarter. Vestia Personal Wealth Advisors lifted its holdings in shares of CocaCola by 3.8% during the 4th quarter. Vestia Personal Wealth Advisors now owns 3,819 shares of the company's stock worth $275,000 after acquiring an additional 140 shares during the period. Finally, Alteri Wealth LLC lifted its holdings in shares of CocaCola by 1.9% during the 4th quarter. Alteri Wealth LLC now owns 7,738 shares of the company's stock worth $541,000 after acquiring an additional 141 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
