Nancy Quan Sells 13,746 Shares of The Coca-Cola Company (NYSE:KO) Stock

The Coca-Cola Company (NYSE:KOGet Rating) SVP Nancy Quan sold 13,746 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $61.12, for a total transaction of $840,155.52. Following the completion of the sale, the senior vice president now owns 184,710 shares of the company’s stock, valued at $11,289,475.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Coca-Cola Stock Performance

Shares of NYSE:KO opened at $62.63 on Thursday. The company’s 50 day simple moving average is $58.30 and its 200 day simple moving average is $61.27. The stock has a market capitalization of $270.84 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 4.11 and a beta of 0.57. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.13 and a quick ratio of 0.95. The Coca-Cola Company has a 1 year low of $52.28 and a 1 year high of $67.20.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.76 dividend on an annualized basis and a yield of 2.81%. Coca-Cola’s dividend payout ratio (DPR) is 76.86%.

Analyst Ratings Changes

Several equities research analysts have issued reports on KO shares. JPMorgan Chase & Co. set a $63.00 price objective on shares of Coca-Cola in a research report on Friday, October 21st. Evercore ISI cut their price objective on shares of Coca-Cola to $68.00 in a research report on Thursday, October 20th. Wedbush started coverage on shares of Coca-Cola in a research report on Monday, October 10th. They set an “outperform” rating and a $63.00 price objective for the company. HSBC raised their price objective on shares of Coca-Cola from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Finally, UBS Group raised their price objective on shares of Coca-Cola from $63.00 to $68.00 in a research report on Wednesday, October 26th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average target price of $66.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Paragon Wealth Strategies LLC bought a new position in Coca-Cola in the third quarter valued at approximately $25,000. Exos TFP Holdings LLC bought a new stake in shares of Coca-Cola during the third quarter worth $27,000. Neo Ivy Capital Management bought a new stake in shares of Coca-Cola during the third quarter worth $31,000. Carl Stuart Investment Advisor Inc. bought a new stake in shares of Coca-Cola during the first quarter worth $34,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Coca-Cola during the second quarter worth $34,000. 68.93% of the stock is owned by institutional investors.

Coca-Cola Company Profile

(Get Rating)

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

Featured Stories

Insider Buying and Selling by Quarter for Coca-Cola (NYSE:KO)

Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.