Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Coca-Cola exec sells shares worth over $561k

Published 05/15/2024, 02:36 AM
© Reuters.

Coca-Cola Company (NYSE:KO) executive vice president Monica Howard Douglas has completed significant transactions in the company's stock, according to a recent filing. On May 10, Douglas sold 8,874 shares of common stock at an average price of $63.3086, netting a total of over $561,800. This sale was executed in multiple transactions at prices ranging from $63.305 to $63.311.

Douglas also engaged in a buy transaction on the same day, acquiring 8,874 shares at $41.885 each, amounting to a total purchase value of $371,687. This transaction was related to the exercise of options under The Coca-Cola Company 2014 Equity Plan, as indicated by a footnote in the filing.

The executive's transactions resulted in a change in her holdings, with 33,638 shares remaining after the reported activities. Additionally, the filing revealed that Douglas has an indirect ownership of 6,400 shares through The Coca-Cola Company 401(k) Plan and 3,379 hypothetical shares via a Supplemental 401(k) Plan, as of May 10, 2024.

Investors and market watchers often keep a close eye on insider trading activities, as these can provide insights into executives' perspectives on their company's stock. The recent transactions by a top Coca-Cola executive may thus be of interest to those following the beverage giant's financial movements.

InvestingPro Insights

Amidst the recent insider trading activities by Coca-Cola Company's (NYSE:KO) executive vice president Monica Howard Douglas, investors looking to understand the company's stock position can gain valuable insights from InvestingPro data and tips. Coca-Cola has demonstrated a solid financial performance with a Gross Profit Margin of 59.98% in the last twelve months as of Q1 2024, showcasing its ability to maintain profitability.

InvestingPro data also reveals that the company's Market Cap stands at a substantial $271.27 billion, reflecting its significant presence in the market. The P/E Ratio as of Q1 2024 is 22.3, which may be considered high, indicating that investors are willing to pay a premium for the company's earnings. Additionally, the company's Dividend Yield as of March 14, 2024, is an attractive 3.05%, accompanied by a Dividend Growth of 5.43% in the last twelve months.

Two noteworthy InvestingPro Tips for Coca-Cola include the fact that the company has raised its dividend for 53 consecutive years, signaling a commitment to returning value to shareholders. Moreover, Coca-Cola's stock generally trades with low price volatility, providing a more stable investment option for those concerned with market fluctuations.

For investors intrigued by these insights, there are 13 additional InvestingPro Tips available for Coca-Cola at InvestingPro, offering a deeper dive into the company's performance metrics. To access these tips and more, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.