Key Points
- EVP Jennifer Mann sold 23,984 Coca-Cola shares for about $2.0 million at an average price of $83.41. The transaction was made under a pre-arranged 10b5-1 plan, and her remaining stake was valued at about $13.1 million.
- Coca-Cola shares were trading near their 52-week high, with the stock opening at $82.63 and up slightly on the day. The company’s market cap stands at roughly $355.5 billion.
- The article highlights a generally positive outlook for Coca-Cola, including an earnings and revenue beat in its latest quarter, a quarterly dividend of $0.53 per share, and several analyst firms maintaining or raising buy ratings.
CocaCola Company (The) (NYSE:KO - Get Free Report) EVP Jennifer Mann sold 23,984 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $83.41, for a total value of $2,000,505.44. Following the transaction, the executive vice president owned 157,400 shares of the company's stock, valued at $13,128,734. This trade represents a 13.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CocaCola Stock Up 0.1%
Shares of NYSE KO opened at $82.63 on Friday. 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 firm has a market capitalization of $355.51 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 3.30 and a beta of 0.35. The stock has a 50 day moving average price of $78.70 and a 200 day moving average price of $75.68. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $84.04.
CocaCola (NYSE:KO - Get Free Report) last announced its quarterly 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. The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.CocaCola's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. Sell-side analysts expect that CocaCola Company will post 3.26 earnings per share for the current year.
CocaCola Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.53 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.6%. CocaCola's payout ratio is presently 66.67%.
Hedge Funds Weigh In On CocaCola
Hedge funds have recently made changes to their positions in the company. Anfield Capital Management LLC increased its position in shares of CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company's stock valued at $25,000 after acquiring an additional 294 shares during the period. Louisbourg Investments Inc. acquired a new position in shares of CocaCola in the 1st quarter valued at $25,000. Headlands Technologies LLC acquired a new position in shares of CocaCola in the 2nd quarter valued at $26,000. Evolution Wealth Management Inc. increased its position in shares of 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 period. Finally, Daytona Street Capital LLC purchased a new stake in CocaCola in the fourth quarter valued at $29,000. 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:
- Positive Sentiment: RBC Capital reiterated its buy view on Coca-Cola, reinforcing Wall Street’s generally favorable stance on KO and supporting the stock’s recent strength.
- Positive Sentiment: Several reports highlighted Coca-Cola as a potential beneficiary of the 2026 FIFA World Cup, with expectations that beverage volume and consumer spending could rise during the tournament.
- Positive Sentiment: Market commentary also pointed to strong Q1 results, including an earnings and revenue beat, solid organic growth, and volume gains, which continue to underpin the bullish investment case. Coca-Cola’s Q1 Results Prove It's a Good Buy to Hold and Hold
- Positive Sentiment: Investor interest remains supported by Coca-Cola’s reliable dividend and defensive profile, which continue to attract income-focused buyers.
- Neutral Sentiment: EVP Jennifer K. Mann disclosed a stock sale, but it was conducted under a pre-arranged 10b5-1 plan and tied to equity-award tax withholding, making it less of a concern than discretionary insider selling.
Analyst Ratings Changes
A number of brokerages recently issued reports on KO. UBS Group boosted their price target on CocaCola from $90.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Weiss Ratings upgraded CocaCola from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday, May 4th. Morgan Stanley set a $89.00 price target on CocaCola in a research report on Wednesday. Sanford C. Bernstein assumed coverage on CocaCola in a research report on Thursday. They set a "market perform" rating and a $84.00 price target on the stock. Finally, TD Cowen upped their price target on CocaCola from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Fifteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.69.
Check Out Our Latest Stock Analysis on KO
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.
Further Reading
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