CocaCola (NYSE:KO) EVP Sells $2,559,411.25 in Stock

Key Points

  • Coca-Cola EVP Nancy Quan sold 31,625 shares on May 15 for about $2.56 million at an average price of $80.93. The filing says the sale was to cover tax withholding tied to vested equity awards, and she still owns 223,330 shares.
  • The company’s latest quarterly results beat expectations, with EPS of $0.86 versus the $0.81 estimate and revenue of $12.47 billion versus $12.24 billion expected. Revenue rose 11.4% year over year, and Coca-Cola maintained a strong profitability profile.
  • Analysts remain broadly bullish on KO, with multiple firms raising price targets and the consensus rating standing at Buy. The stock also continues to pay a quarterly dividend of $0.53 per share, implying a 2.6% yield.

CocaCola Company (The) (NYSE:KO - Get Free Report) EVP Nancy Quan sold 31,625 shares of the firm's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $80.93, for a total value of $2,559,411.25. Following the completion of the sale, the executive vice president owned 223,330 shares in the company, valued at $18,074,096.90. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a legal 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.

Nancy Quan also recently made the following trade(s):

  • On Tuesday, March 3rd, Nancy Quan sold 23,556 shares of CocaCola stock. The shares were sold at an average price of $79.50, for a total value of $1,872,702.00.

CocaCola Price Performance

Shares of NYSE KO opened at $81.90 on Wednesday. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $82.66. The firm's 50-day simple moving average is $77.19 and its 200 day simple moving average is $74.43. 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 stock has a market cap of $352.36 billion, a P/E ratio of 25.75, a P/E/G ratio of 3.24 and a beta of 0.35.




CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.86 earnings per share 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 analysts' expectations of $12.24 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The company's revenue was up 11.4% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Equities analysts expect that CocaCola Company will post 3.26 EPS for the current year.

CocaCola Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KO shares. TD Cowen lifted their price objective on shares of CocaCola from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Barclays lifted their price objective on shares of CocaCola from $83.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their price objective 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. Jefferies Financial Group lifted their price objective on shares of CocaCola from $87.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, March 16th. Finally, Truist Financial set a $85.00 target price on CocaCola in a report on Wednesday, February 11th. Fifteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $86.53.

Get Our Latest Stock Analysis on CocaCola

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KO. Brighton Jones LLC grew its holdings in CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC increased its stake in CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after purchasing an additional 293 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in CocaCola in the 1st quarter worth about $210,000. Jump Financial LLC increased its stake in CocaCola by 450.5% in the 2nd quarter. Jump Financial LLC now owns 39,583 shares of the company's stock worth $2,800,000 after purchasing an additional 32,392 shares in the last quarter. Finally, Osterweis Capital Management Inc. increased its stake in CocaCola by 548.2% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,063 shares of the company's stock worth $75,000 after purchasing an additional 899 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

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.

See Also

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

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