Coca-Cola’s Europe OU president Nikolaos Koumettis sells $3.88 million in stock

Published 27/02/2025, 19:14
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In a recent transaction, Nikolaos Koumettis, the Europe OU President for Coca-Cola Co . (NYSE:KO), executed a series of stock transactions involving the company’s common stock. On February 26, 2025, Koumettis sold 54,708 shares at a weighted average price of $70.9599 per share, amounting to a total of approximately $3.88 million. The shares were sold in multiple transactions, with prices ranging from $70.9250 to $71.0350. The stock currently trades at $71.39, near its 52-week high of $73.53, with InvestingPro analysis indicating the stock is trading above its Fair Value.

Additionally, Koumettis exercised stock options to acquire 54,708 shares at a price of $43.515 per share, totaling $2.38 million. Following these transactions, Koumettis holds 246,909 shares of Coca-Cola’s common stock. The beverage giant, with a market capitalization of $307 billion, maintains a "GOOD" Financial Health Score according to InvestingPro, which offers comprehensive analysis including 12+ additional exclusive insights about KO’s valuation and performance metrics.

In other recent news, Coca-Cola has reported strong financial results and strategic developments. The company announced a robust fourth-quarter performance for 2024, with organic sales growth of 14%, significantly exceeding the consensus forecast of 7%. Earnings per share for the quarter were $0.55, surpassing the expected $0.52. This positive momentum is reflected in Coca-Cola’s 2025 guidance, which includes an organic sales growth projection of 5-6% and earnings per share growth of 2-3%. Analysts from Citi and Jefferies have maintained their Buy ratings, with Citi setting a price target of $85 and Jefferies adjusting its target to $79, citing Coca-Cola’s strong finish to the year and impressive market position.

Additionally, Erste Group upgraded Coca-Cola’s stock rating from Hold to Buy, highlighting the company’s superior operating margin and return on equity. Coca-Cola also increased its quarterly dividend by 5.2%, marking the 63rd consecutive year of dividend growth. The Board of Directors approved a rise from 48.5 cents to 51 cents per common share, reflecting Coca-Cola’s consistent performance and commitment to shareholder value. These developments indicate Coca-Cola’s resilience and potential for continued growth, with analysts and investors closely monitoring the company’s progress.

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