Rep. Jefferson Shreve Sells CocaCola Company (The) (NYSE:KO) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of CocaCola Company The) (NYSE: KO. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $100,001 and $250,000 in CocaCola stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

CocaCola Price Performance

NYSE:KO traded down $0.23 during mid-day trading on Friday, reaching $68.87. 2,151,146 shares of the stock were exchanged, compared to its average volume of 17,290,480. The business has a fifty day moving average price of $70.69 and a 200 day moving average price of $69.28. The firm has a market capitalization of $296.45 billion, a PE ratio of 24.45, a PEG ratio of 3.61 and a beta of 0.45. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. CocaCola's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's payout ratio is currently 72.34%.

Hedge Funds Weigh In On CocaCola

Several large investors have recently made changes to their positions in the company. Sovereign Financial Group Inc. lifted its stake in shares of CocaCola by 1.5% during the second quarter. Sovereign Financial Group Inc. now owns 11,908 shares of the company's stock valued at $843,000 after acquiring an additional 171 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of CocaCola by 8.4% during the second quarter. Concurrent Investment Advisors LLC now owns 224,276 shares of the company's stock valued at $15,868,000 after acquiring an additional 17,295 shares during the period. waypoint wealth counsel lifted its stake in shares of CocaCola by 1,893.5% during the second quarter. waypoint wealth counsel now owns 126,908 shares of the company's stock valued at $8,979,000 after acquiring an additional 120,542 shares during the period. Inman Jager Wealth Management LLC lifted its stake in CocaCola by 1.7% in the second quarter. Inman Jager Wealth Management LLC now owns 26,429 shares of the company's stock valued at $1,870,000 after buying an additional 452 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in CocaCola by 6.5% in the second quarter. Apollon Wealth Management LLC now owns 132,012 shares of the company's stock valued at $9,340,000 after buying an additional 8,023 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insiders Place Their Bets

In other CocaCola news, CEO James Quincey sold 266,403 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares in the company, valued at $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the sale, the chief financial officer owned 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock worth $29,923,985 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on KO. Cfra Research upgraded CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Barclays reiterated an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. JPMorgan Chase & Co. lifted their price target on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a research note on Monday. Finally, BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $77.21.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

CocaCola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.