Nancy Quan Sells 50,000 Shares of CocaCola (NYSE:KO) Stock

Key Points

• Coca-Cola EVP Nancy Quan sold 50,000 shares at an average price of $90.39, totaling approximately $4.52 million. The sale was made to cover tax withholding obligations from vested equity awards, leaving her with 223,330 shares.
• Coca-Cola reported quarterly revenue of $13.37 billion and earnings of $0.97 per share, exceeding analyst expectations, while revenue rose 6.2% year over year.
• The company declared a quarterly dividend of $0.53 per share, equivalent to an annualized $2.12 and a 2.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.76.

CocaCola Company (The) (NYSE:KO - Get Free Report) EVP Nancy Quan sold 50,000 shares of CocaCola stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $90.39, for a total transaction of $4,519,500.00. Following the completion of the sale, the executive vice president owned 223,330 shares of the company's stock, valued at $20,186,798.70. This trade represents a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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CocaCola Trading Up 0.2%

KO stock traded up $0.17 during trading on Friday, hitting $90.67. The company had a trading volume of 5,568,832 shares, compared to its average volume of 17,097,861. The firm has a 50-day moving average price of $84.11 and a 200-day moving average price of $80.30. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $91.86. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The stock has a market cap of $390.11 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 3.15 and a beta of 0.33.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.37 billion for the quarter, compared to analysts' expectations of $13.17 billion. During the same quarter last year, the business earned $0.87 earnings per share. The company's 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. As a group, analysts predict that CocaCola Company will post 3.29 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola's dividend payout ratio (DPR) is presently 63.66%.

Institutional Trading of CocaCola

Large investors have recently made changes to their positions in the company. Round Rock Advisors LLC boosted its position in shares of CocaCola by 1.1% during the second quarter. Round Rock Advisors LLC now owns 15,190 shares of the company's stock valued at $1,235,000 after buying an additional 168 shares during the last quarter. Nykredit A S purchased a new stake in shares of CocaCola in the second quarter valued at about $81,970,000. Tranquilli Financial Advisor LLC lifted its position in shares of CocaCola by 6.0% during the second quarter. Tranquilli Financial Advisor LLC now owns 3,610 shares of the company's stock valued at $293,000 after purchasing an additional 204 shares in the last quarter. MBA Advisors LLC grew its position in CocaCola by 2.8% in the 2nd quarter. MBA Advisors LLC now owns 10,523 shares of the company's stock worth $855,000 after purchasing an additional 286 shares in the last quarter. Finally, XML Financial LLC lifted its position in shares of CocaCola by 8.9% during the 2nd quarter. XML Financial LLC now owns 25,818 shares of the company's stock worth $2,098,000 after buying an additional 2,110 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KO has been the subject of a number of research analyst reports. Citigroup boosted their price objective on CocaCola from $97.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Jefferies Financial Group increased their price objective on CocaCola from $95.00 to $104.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on shares of CocaCola from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Royal Bank Of Canada increased their target price on shares of CocaCola from $87.00 to $96.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Finally, Piper Sandler boosted their price target on CocaCola from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.76.

About CocaCola

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.

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