Jennifer Mann Sells 23,984 Shares of CocaCola (NYSE:KO) Stock

CocaCola Company (The) (NYSE:KO) EVP Jennifer Mann sold 23,984 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total value of $2,000,505.44. Following the completion of the transaction, the executive vice president directly owned 157,400 shares of the company’s stock, valued at approximately $13,128,734. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CocaCola Price Performance

Shares of KO stock traded down $0.39 during mid-day trading on Friday, hitting $82.15. The company had a trading volume of 5,454,604 shares, compared to its average volume of 16,768,018. The stock’s 50 day moving average price is $78.58 and its 200-day moving average price is $75.63. CocaCola Company has a 52-week low of $65.35 and a 52-week high of $84.04. The company has a market capitalization of $353.43 billion, a P/E ratio of 25.83, a P/E/G ratio of 3.34 and a beta of 0.35. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. CocaCola had a net margin of 27.80% and a return on equity of 40.55%. The company had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $12.24 billion. During the same quarter in the previous year, the business posted $0.73 earnings per share. CocaCola’s quarterly 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 research analysts forecast that CocaCola Company will post 3.26 earnings per share for the current year.

CocaCola Dividend Announcement

The firm 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 of this dividend is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.6%. CocaCola’s dividend payout ratio (DPR) is presently 66.67%.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Investors are buying into the idea that the FIFA World Cup could boost Coca-Cola’s sales, with several recent articles highlighting KO as a beneficiary of increased beverage consumption and global event-driven demand.
• Positive Sentiment: Recent analyst commentary remains constructive, including a “Buy” consensus rating and higher price targets, reinforcing expectations for continued upside in Coca-Cola Company (NYSE: KO).
• Positive Sentiment: Heavy call-option activity suggests traders are positioning for more gains, which can add momentum to the stock in the short term.
• Positive Sentiment: The company’s dependable dividend remains a major draw for income-focused investors, supporting demand for KO as a defensive, long-term holding.
• Neutral Sentiment: Insider selling by EVP Jennifer Mann drew attention, but the shares were sold under a pre-arranged 10b5-1 plan for tax withholding purposes, making it less likely to be viewed as a negative signal.

Analyst Upgrades and Downgrades

KO has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased 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 upped their target price on CocaCola from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. 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 target price on shares of CocaCola in a research note on Wednesday. Finally, Barclays boosted their price objective on shares of CocaCola from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Fifteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, CocaCola has a consensus rating of “Moderate Buy” and an average price target of $86.69.

Hedge Funds Weigh In On CocaCola

Several institutional investors have recently bought and sold shares of the business. FAS Wealth Partners Inc. raised its position in shares of CocaCola by 3.7% in the 1st quarter. FAS Wealth Partners Inc. now owns 19,061 shares of the company’s stock worth $1,450,000 after acquiring an additional 677 shares in the last quarter. Rathbones Group PLC grew its holdings in CocaCola by 1.5% in the first quarter. Rathbones Group PLC now owns 6,012,230 shares of the company’s stock worth $457,230,000 after purchasing an additional 86,475 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its holdings in CocaCola by 16.3% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,239 shares of the company’s stock worth $855,000 after acquiring an additional 1,574 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in CocaCola by 1.8% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 41,097 shares of the company’s stock valued at $3,129,000 after purchasing an additional 716 shares in the last quarter. Finally, Wealthquest Corp grew its holdings in shares of CocaCola by 2.8% during the first quarter. Wealthquest Corp now owns 7,598 shares of the company’s stock valued at $578,000 after buying an additional 206 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

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.