Recent Insider Transactions Derivative • 6h
Executive Chairman notifies of intention to sell stock James Robert Quincey intends to sell 200k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of May. If the sale is conducted around the recent share price of US$78.35, it would amount to US$16m. Since June 2025, James Robert's direct individual holding has decreased from 395.38k shares to 331.78k. Company insiders have collectively sold US$73m more than they bought, via options and on-market transactions in the last 12 months. Live News • May 04
Coca-Cola Names Henrique Braun CEO as Revenue and Dividend Growth Continue Coca-Cola appointed long-time executive Henrique Braun as CEO, with former CEO James Quincey moving to chairman in a planned leadership transition supported by shareholders.
The company reported Q1 2026 organic revenue growth of about 10% with 3% volume growth, raised its EPS guidance, and declared a quarterly dividend of US$0.53, extending its 64-year dividend increase streak.
Management is guiding for 2026 organic revenue growth of 4% to 5% and comparable EPS growth in the mid- to high-single digits, while an IRS tax dispute and a US$960m BODYARMOR impairment remain key overhangs.
For you as an investor, the main story is continuity with a new CEO rather than a reset. Braun is stepping in after years inside the system, overseeing a portfolio of 32 billion-dollar brands and 2.2b daily servings, while leaning into marketing and AI tools to support execution. Shareholder backing at the recent meeting, including approval of executive pay and re-election of directors, suggests broad support for the current approach.
On the financial side, recent double-digit organic revenue growth in Q1 2026, ongoing guidance for mid-single-digit organic growth for the full year, and a 3.9% dividend increase for 2026 reinforce Coca-Cola’s positioning as an income-focused stock with a long dividend track record. At the same time, the IRS tax case and the BODYARMOR impairment highlight that cash flow and earnings are not risk-free. Insider share sales of about US$72m in the past three months and the planned divestiture of Coca-Cola Beverages Africa are additional factors worth watching if you are assessing capital allocation and management signals. Declared Dividend • May 04
First quarter dividend of US$0.53 announced Shareholders will receive a dividend of US$0.53. Ex-date: 15th June 2026 Payment date: 1st July 2026 Dividend yield will be 2.6%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
The Coca-Cola Company announces Quarterly dividend, payable on July 01, 2026 The Coca-Cola Company announced Quarterly dividend of USD 0.5300 per share payable on July 01, 2026, ex-date on June 15, 2026 and record date on June 15, 2026. Reported Earnings • Apr 28
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$0.91 (up from US$0.77 in 1Q 2025). Revenue: US$12.5b (up 12% from 1Q 2025). Net income: US$3.92b (up 18% from 1Q 2025). Profit margin: 32% (up from 30% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Beverage industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Announcement • Apr 14
The Coca-Cola Company Announces Global Chief People Officer Changes, Effective May 1, 2026 The Coca-Cola Company announced that Tapaswee Chandele will become global chief people officer, succeeding Lisa Chang, who will step down after a seven-year tenure. The change takes effect May 1, 2026. Chandele currently serves as senior vice president and executive assistant to President and Chief Financial Officer John Murphy, a role she has held since May 2025. Prior to that, from 2019 to 2025, Chandele was senior vice president of global talent, development and HR system partnerships, responsible for the company’s worldwide talent management strategy. In that role, Chandele was a member of Chang’s leadership team. Chandele joined Coca-Cola in 2001 in her native India and went on to work in various human resources and talent development roles. She was based in Türkiye and South Africa before moving to the United States in 2017. Chandele serves on the board of Hindustan Coca-Cola Beverages in India. In addition to her duties for Coca-Cola, Chandele serves on the board of directors for Agnes Scott College in Decatur, Ga. Chandele earned an MBA in human resources and industrial relations from Symbiosis Institute of Business Management in India. She also earned a Master of Science degree in biochemistry and clinical nutrition from Seth G.S. Medical College and King Edward Memorial Hospital and a Bachelor of Science degree from Sophia College for Women, both in India. Chandele will report to CEO Henrique Braun. Chang will stay with the company through the end of 2026 as a senior advisor, and she will also serve on the board of The Coca-Cola Foundation. Prior to joining Coca-Cola in 2019, Chang served as senior vice president and chief human resources officer for AMB Group LLC in Atlanta, the investment management and shared services arm of The Blank Family of Businesses, including AMB Sports & Entertainment, the Atlanta Falcons, Atlanta United FC and Mercedes-Benz Stadium. At AMB Group, Chang led HR strategy for all AMB businesses, including the launches of Atlanta United and the 2017 opening of Mercedes-Benz Stadium. Prior to joining AMB Group in 2014, Chang held senior HR leadership roles at Equifax, Turner Broadcasting System Inc., and The Weather Channel Companies. In addition to her board service on The Coca-Cola Foundation, Chang is a member of the board of the Atlanta Symphony Orchestra and is a past board member of Frontier Communications, Catalyst Inc., and Coca-Cola Scholars Foundation. Announcement • Apr 01
The Coca-Cola Company to Report Q1, 2026 Results on Apr 28, 2026 The Coca-Cola Company announced that they will report Q1, 2026 results Pre-Market on Apr 28, 2026 Upcoming Dividend • Mar 09
Upcoming dividend of US$0.53 per share Eligible shareholders must have bought the stock before 13 March 2026. Payment date: 01 April 2026. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.1%). Recent Insider Transactions Derivative • Feb 26
President & CFO notifies of intention to sell stock John Murphy intends to sell 99k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of February. If the sale is conducted around the recent share price of US$80.42, it would amount to US$8.0m. Since March 2025, John's direct individual holding has decreased from 366.15k shares to 283.35k. Company insiders have collectively sold US$44m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Feb 23
Fourth quarter dividend increased to US$0.53 Dividend of US$0.53 is 3.9% higher than last year. Ex-date: 13th March 2026 Payment date: 1st April 2026 Dividend yield will be 2.6%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (172% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 10
Full year 2025 earnings released: EPS: US$3.05 (vs US$2.47 in FY 2024) Full year 2025 results: EPS: US$3.05 (up from US$2.47 in FY 2024). Revenue: US$47.9b (up 1.9% from FY 2024). Net income: US$13.1b (up 23% from FY 2024). Profit margin: 27% (up from 23% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Beverage industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Recent Insider Transactions Derivative • Feb 04
Chairman & CEO notifies of intention to sell stock James Robert Quincey intends to sell 338k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of February. If the sale is conducted around the recent share price of US$75.33, it would amount to US$25m. For the year to December 2019, James Robert's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, James Robert's direct individual holding has increased from 395.29k shares to 395.38k. Company insiders have collectively sold US$48m more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Jan 15
Now 21% undervalued Over the last 90 days, the stock has risen 3.0% to US$70.48. The fair value is estimated to be US$89.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 7.4%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Announcement • Dec 11
The Coca-Cola Company Announces CEO Changes The Coca-Cola Company announced that its board of directors has elected Executive Vice President and Chief Operating Officer Henrique Braun as CEO, effective March 31, 2026. Braun will succeed James Quincey, who will transition to Executive Chairman after serving as CEO for nine years. Quincey, 60, will step down as CEO after a highly successful tenure. He has led the transformation of the business as a total beverage company, driven by a focus on staying closely connected to consumers. Under his leadership, the company has added more than 10 additional billion-dollar brands. Quincey has reshaped the company’s strategy and operating model to create a more agile, networked company, including a focus on digital transformation and modernized marketing. He also led the company through the COVID-19 pandemic. As CEO, Braun will focus on opportunities to build on this strong foundation. His priorities include seeking the best growth opportunities worldwide; driving the company to get even closer to consumer needs; and leveraging technology as an enabler of business performance and growth. Braun has served as EVP and COO since Jan. 1, 2025, overseeing all the company’s operating units worldwide. He has served as EVP since 2024. From 2023 to 2024, Braun served as Senior Vice President and President, International Development, overseeing seven of the company’s nine operating units. Prior to that, Braun served as President of the Latin America operating unit from 2020 to 2022 and as President of the Brazil business unit from 2016 to 2020. From 2013 to 2016, Braun was President for Greater China & South Korea. Braun joined Coca-Cola in 1996 in Atlanta and progressed through roles of increasing responsibilities in North America, Europe, Latin America and Asia. Those positions included supply chain, new business development, marketing, innovation, general management and bottling operations. He holds a bachelor’s degree in agricultural engineering from the University Federal of Rio de Janeiro, a Master of Science degree from Michigan State University and an MBA from Georgia State University. Braun is an American citizen who was born in California and raised in Brazil. Quincey became CEO in 2017 and Chairman of the board in 2019. He joined the company in 1996 and has held leadership roles around the world. Before becoming CEO, Quincey served as COO from 2015 to 2017 and as President from 2015 to 2018. From 2013 to 2015, he was President of the company’s Europe Group. Under his leadership, the group expanded its brand portfolio and improved market share. Quincey also played a key role in the creation of Coca-Cola Europacific Partners, one of the largest independent Coca-Cola bottlers in the world. Quincey served as President of the Northwest Europe and Nordics business unit from 2008 to 2012. Quincey joined the company in Atlanta in 1996 as director of learning strategy for the Latin America Group. He went on to serve in a series of operational roles in Latin America, eventually leading to his appointment as President of the South Latin division in 2003. He was President of the company’s Mexico division from 2005 to 2008. Prior to joining Coca-Cola, Quincey was a partner in strategy consulting at The Kalchas Group, a spinoff of Bain & Company and McKinsey. Quincey is a director of Pfizer Inc. and a board member of The Consumer Goods Forum. He is a founding member of the New York Stock Exchange Board Advisory Council. Quincey received a bachelor’s degree in electronic engineering from the University of Liverpool. He is a native of Britain. Buy Or Sell Opportunity • Dec 03
Now 21% undervalued Over the last 90 days, the stock has risen 2.4% to US$70.67. The fair value is estimated to be US$89.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 7.4%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.51 per share Eligible shareholders must have bought the stock before 01 December 2025. Payment date: 15 December 2025. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (3.2%). Recent Insider Transactions • Nov 19
Insider recently sold US$9.9m worth of stock On the 14th of November, Manuel Prieto sold around 140k shares on-market at roughly US$70.80 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$32m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 14
EVP & Chief Operating Officer exercised options and sold US$1.1m worth of stock On the 11th of November, Henrique Braun exercised 50.55k options at around US$43.52, then sold 40k of the shares acquired at an average of US$70.93 per share and kept the remainder. Since March 2025, Henrique has owned 65.40k shares directly. Company insiders have collectively sold US$38m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Oct 22
The Coca-Cola Company Reaffirms Earnings Guidance for the Year 2025 The Coca-Cola Company reaffirmed earnings guidance for the year 2025. The company continues to expect organic revenue growth of 5% to 6% and expects comparable currency-neutral earnings per share growth of approximately 8%, both of which reflect delivery in line with long-term growth algorithm. Based on current rates and hedge positions, the company continues to expect a 1- to 2-point currency headwind to comparable net revenues and an approximate 5-point currency headwind to comparable earnings per share for full year 2025. The company continues to expect 2025 comparable earnings per share growth of approximately 3% versus $2.88 in 2024. Reported Earnings • Oct 21
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$0.86 (up from US$0.66 in 3Q 2024). Revenue: US$12.5b (up 5.1% from 3Q 2024). Net income: US$3.70b (up 30% from 3Q 2024). Profit margin: 30% (up from 24% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Beverage industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Declared Dividend • Oct 20
Second quarter dividend of US$0.51 announced Shareholders will receive a dividend of US$0.51. Ex-date: 1st December 2025 Payment date: 15th December 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 29
The Coca-Cola Company to Report Q3, 2025 Results on Oct 21, 2025 The Coca-Cola Company announced that they will report Q3, 2025 results Pre-Market on Oct 21, 2025 Upcoming Dividend • Sep 08
Upcoming dividend of US$0.51 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 01 October 2025. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (3.3%). Announcement • Aug 26
The Coca-Cola Company Reportedly Considers Sale of Costa Coffee The Coca-Cola Company (NYSE:KO), is working with investment bank Lazard to review options, including a potential sale, of British coffee chain Costa, a source familiar with the matter told Reuters on August 24, 2025. Coca-Cola did not immediately respond to a request for a comment outside regular business hours. Costa, and Lazard did not immediately respond to requests for comment. The company has held initial talks with a small number of potential bidders for Costa, including private equity firms, Sky News first reported, citing unidentified sources. Indicative offers are expected in early autumn, but a sale is not definitive, Sky reported. Coca Cola acquired Costa Coffee in 2018 for over $5 billion, to strengthen its position in the global coffee market, competing with Starbucks (SBUX.O), and Nestle(NESN.S). A potential sale of Costa Coffee which operates in 50 countries, would add onto the wave of dealmaking in the packaged food space which has witnessed robust growth as companies seek scale to weather the impact of price inflation and consumers shopping for healthier options. In an earnings call last month, the Coca-Cola CEO James Quincey hinted at changes to Costa's operations, saying "Our investment in Costa is not where we wanted it to be from an investment hypothesis point of view." We're in the mode of reflecting on what we've learnt, thinking about how we might want to find new avenues to grow in the coffee category, while continuing to run the Costa business successfully". Recent Insider Transactions • Aug 08
Insider recently sold US$2.6m worth of stock On the 5th of August, Nikolaos Koumettis sold around 37k shares on-market at roughly US$69.10 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$29m more than they bought in the last 12 months. Announcement • Jul 30
UAC of Nigeria PLC (NGSE:UACN) entered into an agreement to acquire Chi Limited from The Coca-Cola Company (NYSE:KO). UAC of Nigeria PLC (NGSE:UACN) entered into an agreement to acquire Chi Limited from The Coca-Cola Company (NYSE:KO) on July 30, 2025.
The transaction is subject to approval by regulatory board / committee.
Templars acted as legal advisor for UAC of Nigeria PLC. Fasken Martineau DuMoulin LLP acted as legal advisor for UAC of Nigeria PLC. Citigroup Inc. acted as financial advisor for The Coca-Cola Company. McDermott Will & Emery LLP acted as legal advisor for The Coca-Cola Company. Announcement • Jul 23
Jubilant Bhartia Group completed the acquisition of 40% stake in Hindustan Coca-Cola Beverages Private Limited from The Coca-Cola Company (NYSE:KO) for INR 117.044 billion. Jubilant Bhartia Group reached an agreement to acquire 40% stake in Hindustan Coca-Cola Beverages Private Limited from The Coca-Cola Company (NYSE:KO) on December 11, 2024.
The transaction is subject to approval by regulatory board / committee. On May 1, 2025, The Competition Commission of India has approved the deal.
Rothschild & Co US Inc. acted as financial advisor for The Coca-Cola Company. Morgan Stanley India Company Private Limited acted as exclusive financial advisor for Jubilant Bhartia Group and Shardul Amarchand Mangaldas & Co acted as legal advisor for Jubilant Bhartia Group. Cyril Amarchand Mangaldas led by Navin Kumar, Pranav Sharma, Meeta Kurpad, Vijay Pratap Singh Chauhan, Gokul Rajan, SR Patnaik, Swati Sharma, Abe Abraham, Sindhushri Badarinath and Ashish Jain acted as legal advisor to The Coca-Cola Company. Siddhartha Shukla of Herbert Smith Freehills LLP act as legal advisor for Jubilant Bhartia Group.
Jubilant Bhartia Group completed the acquisition of 40% stake in Hindustan Coca-Cola Beverages Private Limited from The Coca-Cola Company (NYSE:KO) for INR 117.044 billion on July 22, 2025.
For the financial period 2023-24, Hindustan Coca-Cola Beverages Private Limited reported the total revenue of INR 52 million. Reported Earnings • Jul 22
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: US$0.89 (up from US$0.56 in 2Q 2024). Revenue: US$12.5b (up 1.4% from 2Q 2024). Net income: US$3.81b (up 58% from 2Q 2024). Profit margin: 30% (up from 20% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.3%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Beverage industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Declared Dividend • Jul 21
First quarter dividend of US$0.51 announced Shareholders will receive a dividend of US$0.51. Ex-date: 15th September 2025 Payment date: 1st October 2025 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 19
the Coca-Cola Company Announces President Changes for Europe Operating Unit, Effective September 1 The Coca-Cola Company announced that Luisa Ortega will become president of the Europe operating unit effective September 1, succeeding Nikos Koumettis, who will retire in 2026 after a 25-year career with the company. Koumettis will remain with the company through Feb. 28, 2026, as a senior advisor. He will also serve on the board of directors of Hindustan Coca-Cola Beverages Pvt. Ltd., a company-owned bottler in India. Ortega joined Coca-Cola in 2019 and currently serves as president of the Africa operating unit. In this role, she leads a complex business that operates across 54 markets. Koumettis has led the Europe operating unit since it was created in 2021. Ortega will continue to report to Braun in her new role. Ortega’s successor in Africa will be named at a future date. About Luisa Ortega: Ortega, 55, joined Coca-Cola in 2019 as vice president and general manager of the South Latin business unit. She was later named deputy president and then president of South Latin. In 2021, she became president of the newly created central zone of the Latin America operating unit. She began her duties as president of the Africa operating unit in 2023. Prior to Coca-Cola, Ortega worked at SC Johnson for more than 14 years in various roles in Europe, the United States and Asia Pacific. She served as general manager for the Western Europe region and, prior to that, was the global head of Insecticides Business. She also worked at Endesa, a utility corporation that serves mainly Spain and Portugal. Ortega, a native of Spain, has a bachelor’s degree in business administration from Universidad Pontificia Comillas and an MBA from the IESE Business School, both in Spain, along with participating in the Advanced Management Program at Harvard Business School. Announcement • Jul 18
The Coca-Cola Company Elects Jennifer Henry as Senior Vice President The Coca-Cola Company announced the election of Jennifer Henry, Head of Strategy and Corporate Development, as Senior Vice President, effective immediately. Henry joined the company on July 7. In her new role, she is responsible for enterprise strategy development and identifying growth opportunities that can evolve into scalable, revenue-driving ventures. Henry joined Coca-Cola after more than 13 years at McKinsey & Co., where she was a partner. She served clients in the consumer and retail sector in the United States and internationally across strategy and growth topics. Her areas of experience include corporate and portfolio strategy, revenue growth management, go-to-market, and sales excellence. Henry began her career in 2005 as a leveraged finance analyst for the former Wachovia, now part of Wells Fargo. In 2007, she joined Pamlico Capital as an associate. In 2009, Henry moved to McKinsey and was named partner in 2018. She earned a bachelor’s degree in finance and management from the McIntire School of Commerce at the University of Virginia and an MBA in marketing and operations from The Wharton School at the University of Pennsylvania. Announcement • Jun 19
The Coca-Cola Company to Report Q2, 2025 Results on Jul 22, 2025 The Coca-Cola Company announced that they will report Q2, 2025 results Pre-Market on Jul 22, 2025 Buy Or Sell Opportunity • Jun 13
Now 21% undervalued Over the last 90 days, the stock has risen 2.7% to US$71.02. The fair value is estimated to be US$89.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 3.4%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Upcoming Dividend • Jun 06
Upcoming dividend of US$0.51 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 01 July 2025. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (3.2%). Recent Insider Transactions Derivative • Jun 01
Chairman & CEO notifies of intention to sell stock James Robert Quincey intends to sell 266k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of May. If the sale is conducted around the recent share price of US$71.49, it would amount to US$19m. For the year to December 2018, James Robert's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, James Robert's direct individual holding has decreased from 494.50k shares to 395.29k. Company insiders have collectively sold US$52m more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • May 22
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at US$71.14. The fair value is estimated to be US$89.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 3.4%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Recent Insider Transactions Derivative • May 11
Insider exercised options and sold US$1.9m worth of stock On the 8th of May, Beatriz Perez exercised 60k options at a strike price of around US$40.89 and sold these shares for an average price of US$71.87 per share. This trade did not impact their existing holding. Since September 2024, Beatriz's direct individual holding has increased from 190.07k shares to 211.06k. Company insiders have collectively sold US$52m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • May 09
President & CFO recently sold US$3.6m worth of stock On the 7th of May, John Murphy sold around 50k shares on-market at roughly US$72.09 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$10m. This was John's only on-market trade for the last 12 months. Declared Dividend • May 05
First quarter dividend of US$0.51 announced Shareholders will receive a dividend of US$0.51. Ex-date: 13th June 2025 Payment date: 1st July 2025 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
The Coca-Cola Company Declares Quarterly Dividend, Payable on July 1, 2025 The Coca-Cola Company declared a regular quarterly dividend of 51 cents per common share, payable July 1 to shareowners of record of the company as of the close of business June 13. Buy Or Sell Opportunity • May 01
Now 21% undervalued Over the last 90 days, the stock has risen 12% to US$71.29. The fair value is estimated to be US$90.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 3.4%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period. Reported Earnings • Apr 29
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: US$0.77 (up from US$0.74 in 1Q 2024). Revenue: US$11.1b (down 1.5% from 1Q 2024). Net income: US$3.33b (up 4.8% from 1Q 2024). Profit margin: 30% (up from 28% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Beverage industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Buy Or Sell Opportunity • Apr 04
Now 21% undervalued Over the last 90 days, the stock has risen 13% to US$69.93. The fair value is estimated to be US$88.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. Announcement • Mar 28
The Coca-Cola Company to Report Q1, 2025 Results on Apr 29, 2025 The Coca-Cola Company announced that they will report Q1, 2025 results Pre-Market on Apr 29, 2025 Recent Insider Transactions • Mar 18
EVP & Chief Operating Officer recently sold US$1.8m worth of stock On the 11th of March, Henrique Braun sold around 25k shares on-market at roughly US$71.47 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$10m. This was Henrique's only on-market trade for the last 12 months. Announcement • Mar 18
The Coca-Cola Company, Annual General Meeting, Apr 30, 2025 The Coca-Cola Company, Annual General Meeting, Apr 30, 2025. Location: meetnow.global/ko2025, United States Buy Or Sell Opportunity • Mar 12
Now 21% undervalued Over the last 90 days, the stock has risen 9.6% to US$69.94. The fair value is estimated to be US$88.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. Recent Insider Transactions • Feb 27
Insider recently sold US$1.3m worth of stock On the 24th of February, Bruno Pietracci sold around 19k shares on-market at roughly US$70.56 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$12m more than they bought in the last 12 months. Declared Dividend • Feb 25
Fourth quarter dividend increased to US$0.51 Dividend of US$0.51 is 5.2% higher than last year. Ex-date: 14th March 2025 Payment date: 1st April 2025 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but not covered by cash flows (176% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 24
Now 20% undervalued Over the last 90 days, the stock has risen 9.4% to US$70.59. The fair value is estimated to be US$88.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 8.7% per annum over the same time period. Announcement • Feb 21
The Coca-Cola Company Increases the Quarterly Dividend, Payable on April 1, 2025 The Board of Directors of The Coca-Cola Company approved the company’s 63rd consecutive annual dividend increase, raising the quarterly dividend approximately 5.2% from 48.5 cents to 51 cents per common share. The quarterly dividend is equivalent to an annual dividend of $2.04 per share, up from $1.94 per share in 2024. The first quarter dividend is payable April 1, 2025 to shareowners of record as of March 14, 2025. Announcement • Feb 12
The Coca-Cola Company Provides Earnings Guidance for the Year 2025 The Coca-Cola Company provided earnings guidance for the year 2025. For the period, the company expected organic revenue growth of 5% to 6% comparable currency-neutral earnings per share growth of 8% to 10%, both of which reflect delivery at the high end of long-term growth algorithm. All in, the company expects comparable earnings per share growth of 2% to 3% and versus $2.88 in 2024. Reported Earnings • Feb 12
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: US$2.47 (down from US$2.48 in FY 2023). Revenue: US$47.1b (up 2.9% from FY 2023). Net income: US$10.6b (flat on FY 2023). Profit margin: 23% (in line with FY 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 4.9%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Beverage industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Announcement • Dec 16
The Coca-Cola Company Announces Retirement of Helene Gayle as Director The Coca-Cola Company announced that Helene Gayle has retired from her duties as a director. Gayle had been a director of the company since 2013. She served as a member and former chair of the talent and compensation committee, and she was a member of the corporate governance and sustainability committee. Most recently, Gayle served as President of Spelman College in Atlanta. She began the position in July 2022 and recently stepped down. Gayle also served as CEO, The Chicago Community Trust, from October 2017 to June 2022. Gayle was CEO of McKinsey Social Initiative, from July 2015 to September 2017. She held the positions of President and CEO of CARE USA, from 2006 to 2015. From 2001 to 2006, she served as program director in the Global Health Program at the Bill & Melinda Gates Foundation. Gayle started her career in public health at the U.S. Centers for Disease Control and Prevention in 1984, holding various positions, ultimately becoming the director of the CDC’s National Center for HIV, STD and TB Prevention in 1995. 
