The Coca-Cola Company (NYSE:KO) EVP Sells $1,321,606.00 in Stock

The Coca-Cola Company (NYSE:KO) EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, August 2nd, Nancy Quan sold 18,482 shares of Coca-Cola stock. The stock was sold at an average price of $68.95, for a total transaction of $1,274,333.90.
• On Friday, July 26th, Nancy Quan sold 37,787 shares of Coca-Cola stock. The shares were sold at an average price of $66.96, for a total value of $2,530,217.52.
• On Wednesday, July 17th, Nancy Quan sold 19,304 shares of Coca-Cola stock. The shares were sold at an average price of $64.96, for a total value of $1,253,987.84.
• On Tuesday, June 11th, Nancy Quan sold 19,304 shares of Coca-Cola stock. The stock was sold at an average price of $63.44, for a total value of $1,224,645.76.

Coca-Cola Stock Up 0.1 %

Shares of KO traded up $0.08 during trading on Thursday, reaching $71.83. The company’s stock had a trading volume of 10,165,859 shares, compared to its average volume of 12,998,598. The company has a fifty day moving average of $66.08 and a two-hundred day moving average of $62.89. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $71.91. The company has a market cap of $309.44 billion, a price-to-earnings ratio of 28.62, a P/E/G ratio of 3.80 and a beta of 0.59. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The firm had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.78 billion. During the same period last year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KO. Tidemark LLC acquired a new stake in Coca-Cola in the 4th quarter valued at approximately $26,000. New Millennium Group LLC acquired a new stake in Coca-Cola in the 2nd quarter valued at approximately $26,000. Private Wealth Management Group LLC bought a new stake in shares of Coca-Cola in the 4th quarter worth approximately $27,000. Quarry LP bought a new stake in shares of Coca-Cola in the 2nd quarter worth approximately $27,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Coca-Cola in the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KO. Truist Financial raised their target price on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, July 25th. UBS Group lifted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Evercore ISI raised their target price on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. TD Cowen lifted their price target on Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada boosted their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.73.

About Coca-Cola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.