Coca-Cola (NYSE:KO) EVP Nancy Quan Sells 20,585 Shares of Company Stock

Coca-Cola Company (The) (NYSE:KO – Get Free Report) EVP Nancy Quan sold 20,585 shares of the stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $95.62, for a total value of $1,968,337.70. Following the sale, the executive vice president directly owned 223,330 shares in the company, valued at $21,354,814.60. This represents a 8.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nancy Quan also recently made the following trade(s):

  • On Wednesday, August 19th, Nancy Quan sold 50,000 shares of Coca-Cola stock. The shares were sold at an average price of $90.39, for a total value of $4,519,500.00.

Coca-Cola Stock Performance

Shares of KO stock opened at $96.00 on Tuesday. Coca-Cola Company has a 52-week low of $67.27 and a 52-week high of $97.39. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.93. The stock has a market cap of $413.00 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 3.74 and a beta of 0.28. The business has a 50-day simple moving average of $90.09 and a 200-day simple moving average of $82.81.

Coca-Cola (NYSE:KO – Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $13.35 billion for the quarter, compared to analyst estimates of $12.92 billion. Coca-Cola had a return on equity of 38.79% and a net margin of 28.65%. Coca-Cola’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. On average, equities analysts expect that Coca-Cola Company will post 3.34 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.12 dividend on an annualized basis and a yield of 2.2%. Coca-Cola’s payout ratio is presently 62.35%.

Institutional Trading of Coca-Cola

Several institutional investors have recently bought and sold shares of the business. Guardian Partners Inc. acquired a new position in shares of Coca-Cola during the 2nd quarter worth approximately $27,000. Horizons Wealth Management purchased a new position in shares of Coca-Cola during the 3rd quarter valued at approximately $31,000. Atomic Invest LLC lifted its position in shares of Coca-Cola by 38.7% during the 2nd quarter. Atomic Invest LLC now owns 437 shares of the company’s stock valued at $36,000 after buying an additional 122 shares in the last quarter. Timbuktu Capital Management LLC acquired a new stake in Coca-Cola in the 2nd quarter valued at $41,000. Finally, Putney Financial Group LLC acquired a new stake in Coca-Cola in the 3rd quarter valued at $43,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KO shares. TD Cowen raised their price objective on shares of Coca-Cola from $100.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Rothschild & Co Redburn boosted their target price on shares of Coca-Cola from $86.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Jefferies Financial Group increased their price target on shares of Coca-Cola from $95.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Bank of America increased their price target on shares of Coca-Cola from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $93.00 price target (up from $83.00) on shares of Coca-Cola in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.26.

Check Out Our Latest Stock Analysis on Coca-Cola

Key Coca-Cola News

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About Coca-Cola

(Get Free Report)

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.

The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.

The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.

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