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James Quincey, Chairman and CEO of Coca-Cola Co . (NYSE:KO), executed a significant stock sale recently. On February 25, Quincey sold 145,435 shares of Coca-Cola stock at an average price of $71.0117 per share. This transaction amounted to a total value of approximately $10.3 million. The sale comes as Coca-Cola’s stock trades near its 52-week high of $73.53, with a strong year-to-date return of 13.72%. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Following this sale, Quincey retains direct ownership of 342,546 shares. Additionally, he holds indirect ownership of 44,678 shares through his wife and 8,013 shares via a 401(k) plan. Quincey also maintains 30,582 hypothetical shares under a supplemental 401(k) plan.
These transactions reflect Quincey’s ongoing management of his holdings in Coca-Cola, a company he has led since 2017.
In other recent news, Coca-Cola has reported notable financial developments. The company recently announced a 5.2% increase in its quarterly dividend, marking the 63rd consecutive year of annual dividend growth. This move raises the annual dividend to $2.04 per share, reflecting Coca-Cola’s consistent shareholder value delivery. Analysts have been optimistic about Coca-Cola’s financial health, with Erste Group upgrading the stock rating from Hold to Buy due to its robust profitability and growth projections. Jefferies also raised the stock price target to $79, citing a strong finish to the year with organic revenue and earnings per share exceeding market expectations. Citi maintained a Buy rating with an $85 price target following Coca-Cola’s impressive fourth-quarter results, which included a 14% organic sales growth, surpassing the consensus forecast. Looking ahead, Coca-Cola’s 2025 guidance includes organic sales growth of 5-6% and an EPS growth of 2-3%, with an optimistic outlook from analysts like Filippo Falorni at Citi. These developments indicate Coca-Cola’s strong market position and potential for continued growth.
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