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Coca-Cola exec sells shares worth over $561k

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

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