ATLANTA, GA – Coca-Cola Co (NYSE:KO) executive vice president Beatriz R. Perez has reported selling 57,298 shares of company stock, totaling approximately $3.55 million, according to a recent SEC filing. The transactions occurred on May 6, with the sales made at prices ranging from $61.955 to $62.11, averaging $61.9913 per share.
In a corresponding move, Perez exercised options to acquire the same number of shares, 57,298, at a price of $41.885 per share, amounting to nearly $2.4 million. The executive now holds a direct ownership of 167,107 shares following the transactions. Additionally, Perez has an indirect ownership through a 401(k) plan, with 22,790 shares credited to her account as of the reporting date.
The transactions were part of Perez's planned financial strategy involving the company's stock and were disclosed in compliance with SEC regulations. The exercise of options and subsequent sale of shares are common practices among executives managing their investment portfolios and compensation packages.
Coca-Cola's stock performance and executive transactions are closely watched by investors for insights into the company's health and leadership confidence. These recent filings provide transparency and allow shareholders to stay informed about significant insider trading activities.
As is customary, the executive has pledged to provide further details to the SEC, the issuer, or any security holder upon request regarding the exact number of shares sold at each price point. The transactions are part of the normal course of business and are reported by executives in accordance with federal securities regulations.
Coca-Cola remains a dominant player in the beverages industry, with its stock performance being a barometer for both the company's success and the sector's overall health. Investors continue to monitor insider transactions as they assess their stakes in the beverage giant.
InvestingPro Insights
Coca-Cola Co's (NYSE:KO) recent executive stock transactions come at a time when the company's financial health and market performance are under close investor scrutiny. According to real-time data from InvestingPro, Coca-Cola boasts a robust market capitalization of $268.95 billion, reflecting its significant presence in the beverages industry. The company's dedication to shareholder returns is evident, with a dividend yield of 3.11% as of the latest data, and it has impressively raised its dividend for 54 consecutive years—an InvestingPro Tip that highlights Coca-Cola's commitment to consistent shareholder value.
The company's stock is trading at a high Price/Earnings (P/E) ratio of 24.96, suggesting a premium valuation relative to near-term earnings growth. Another InvestingPro Tip indicates that Coca-Cola operates with a moderate level of debt, which can be a sign of a balanced approach to financing and investment. The firm's gross profit margin stands at nearly 60% over the last twelve months as of Q1 2024, underscoring its efficiency in managing production costs and maintaining profitability.
For investors seeking further insights and analysis, InvestingPro offers additional tips on Coca-Cola, including its performance relative to industry peers and future earnings expectations. There are 12 more InvestingPro Tips available that can help investors make informed decisions about their investment in Coca-Cola. To explore these insights, visit https://www.investing.com/pro/KO and remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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