CocaCola (NYSE:KO) CFO Sells 152,483 Shares of Stock

CocaCola Company (The) (NYSE:KO) CFO John Murphy sold 152,483 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the completion of the sale, the chief financial officer directly owned 279,917 shares in the company, valued at $24,439,553.27. This trade represents a 35.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CocaCola Trading Down 0.8%

Shares of NYSE:KO traded down $0.71 during mid-day trading on Monday, reaching $86.88. 5,851,276 shares of the company were exchanged, compared to its average volume of 17,384,176. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market cap of $373.79 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 3.06 and a beta of 0.33. The firm’s 50-day simple moving average is $82.04 and its 200 day simple moving average is $78.77. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $90.92.

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

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. CocaCola’s payout ratio is currently 63.66%.

Analyst Ratings Changes

Several research firms have weighed in on KO. Jefferies Financial Group lifted their target price on CocaCola from $95.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of CocaCola from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Evercore restated an “outperform” rating and issued a $100.00 price objective on shares of CocaCola in a report on Tuesday, July 28th. TD Cowen increased their target price on shares of CocaCola from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Truist Financial set a $88.00 price target on shares of CocaCola in a research report on Friday, June 26th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, CocaCola presently has a consensus rating of “Moderate Buy” and an average target price of $95.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Fourth Dimension Wealth LLC increased its holdings in shares of CocaCola by 14.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 2,642 shares of the company’s stock valued at $215,000 after acquiring an additional 325 shares during the last quarter. Kuhn & Co Investment Counsel lifted its stake in CocaCola by 27.4% during the second quarter. Kuhn & Co Investment Counsel now owns 6,050 shares of the company’s stock worth $492,000 after purchasing an additional 1,301 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in CocaCola by 13.2% in the second quarter. Belpointe Asset Management LLC now owns 36,889 shares of the company’s stock valued at $2,998,000 after purchasing an additional 4,300 shares in the last quarter. Fortis Capital Advisors LLC acquired a new position in CocaCola in the second quarter valued at approximately $379,000. Finally, Soltis Investment Advisors LLC increased its stake in CocaCola by 6.9% in the second quarter. Soltis Investment Advisors LLC now owns 128,935 shares of the company’s stock valued at $10,479,000 after purchasing an additional 8,319 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

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.