Koumettis, Coca Cola Europe president, sells $2.5m in stock

Published 07/08/2025, 17:44
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Nikolaos Koumettis, Europe Operating Unit President at Coca-Cola (NASDAQ:NYSE:KO), sold 37,396 shares of the company’s common stock on August 5, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at prices ranging from $69.08 to $69.135, with an average price of $69.1011, netting approximately $2,584,104 for Koumettis. The stock, currently trading at $70.31, has shown resilience with a 13.27% year-to-date return and maintains impressive gross profit margins of 61.43%. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. Following the transaction, Koumettis directly owns 209,513 shares of Coca-Cola. The beverage giant, with a market capitalization of $302 billion, has maintained dividend payments for 55 consecutive years and currently offers a 2.93% yield. InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report, providing deeper analysis of KO’s financial health and growth prospects.

In other recent news, Coca-Cola reported strong second-quarter results, with adjusted earnings per share of $0.87, surpassing analyst expectations of $0.84. The company’s gross margins expanded by 130 basis points to 62.4%, contributing to the earnings beat. Coca-Cola maintained its constant-currency earnings per share outlook for fiscal year 2025, with core EPS tracking toward the high end of its guidance range. Analysts have responded positively to these results, with BofA Securities raising its price target to $78, while Deutsche Bank (ETR:DBKGn) increased its target to $81, both maintaining a Buy rating. UBS also maintained a Buy rating but slightly lowered its price target to $84 due to foreign exchange impacts. CFRA reiterated its Buy rating with a price target of $80 after the earnings beat. Coca-Cola’s second-quarter performance has led to expectations of reaccelerating unit case sales volumes in the third quarter and the second half of 2025, as noted by Deutsche Bank. The company’s ongoing productivity improvements and reinvestment initiatives are also seen as positive indicators for future growth.

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