Capito Sells KO Shares Amid CocaCola's Strong Earnings Report
Senator Shelley Moore Capito (Republican-West Virginia) recently made several stock trades, including selling shares of CocaCola Company (NYSE:KO). According to a filing disclosed on August 4th, the Senator sold between $1,001 and $15,000 in CocaCola stock on July 21st. This was part of a larger set of trades, which also included the sale of Intel (NASDAQ:INTC), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Cisco Systems (NASDAQ:CSCO) shares.
The CocaCola Company has reported strong earnings in its latest quarter, with revenue rising 6.2% year over year to $13.37 billion. The company beat analyst expectations with earnings of $0.97 per share versus a consensus estimate of $0.93. Full-year 2026 EPS guidance remains at $3.27-$3.30.
In related news, CocaCola's CFO John Murphy recently sold 152,483 shares worth approximately $13.3 million, reducing his direct holdings by about 35%. The filing attributed the sale to tax withholding on vested equity awards, which limits its bearish significance but may still weigh on sentiment.