Massive insider-selling by Coca-Cola’s CEO, sign of danger?
While many tech stock prices have surged, $Coca-Cola(KO.US$-Cola's stock hasn't moved much this year. With the earnings around the corner, some shareholders might be a bit worried to learn that the Chairman & CEO, James Robert Quincey, recently sold a significant amount of stock worth US$9.6 million at a price of US$64.33 per share. This was a major sale and reduced his ownership by 23%.
During the past year, there has been more selling of Coca-Cola shares by insiders than buying.
However, it's essential to mention that the majority of the company is owned by institutions, accounting for 62% of the ownership. This indicates confidence from professional investors, which is generally seen as a positive trait.
The largest shareholder of the company is Warren Buffett’s Berkshire Hathaway Inc. $Berkshire Hathaway-B(BRK.B.US$ $Berkshire Hathaway-A(BRK.A.US$, with a 9.2% ownership. In comparison, the second and third largest shareholders hold approximately 8.6% and 7.2% of the stock, respectively.
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Roll2me : $Coca-Cola (KO.US)$ and $PepsiCo (PEP.US)$is overpriced for consumer daily products. Revenue was up due to inflation. With inflation flat, the PE should drop to justify it. It just doesn’t make sense that they have same PE with tech stock
Ultratech : hate articles about nonsense inside sellers as of the ceo is unloading as if company is doomed, ko is a good dividend stock