A senior executive at Coca-Cola (KO) has sold nearly $1 million of company stock.
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Monica Howard Douglas, Executive Vice President at Coke, sold 13,548 shares of KO stock on Oct. 24. The transaction netted Douglas proceeds of $947,464, according to a filing with the U.S. Securities and Exchange Commission (SEC).
Following the recent sale, Douglas still owns 44,718 shares of Coca-Cola stock worth $3.14 million based on the current price. Of her remaining holdings, Douglas owns 37,725 shares directly and 6,993 are controlled indirectly through a trust.
All-Time Highs
The sale of KO stock comes as it hits all-time highs this year. So far in 2025, Coca-Cola’s share price has risen 14% to currently trade at $70.21 per share. However, the stock neared its record high of $74.38 on Oct. 21 amid an ongoing rally in the share price.
Coke’s stock has gotten a boost over the past week after the beverage giant reported strong third-quarter financial results. The company announced earnings per share (EPS) of $0.82, which topped the $0.78 expected on Wall Street. Revenue totaled $12.41 billion, which was ahead of the $12.39 billion consensus forecast among analysts. Sales were up 5% from a year earlier.
Is KO Stock a Buy?
The stock of Coca-Cola has a consensus Strong Buy rating among 15 Wall Street analysts. That rating is based on 14 Buy and one Hold recommendation issued in the last three months. The average KO price target of $79.85 implies 13.76% upside from current levels.
Read more analyst ratings on KO stock