The Coca-Cola Company (NYSE:KO - Get Free Report) EVP Nancy Quan sold 18,484 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now owns 223,330 shares in the company, valued at $15,968,095. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $2,530,217.52.
- On Wednesday, July 17th, Nancy Quan sold 19,304 shares of Coca-Cola stock. The stock was 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 shares were sold at an average price of $63.44, for a total value of $1,224,645.76.
Coca-Cola Price Performance
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NYSE KO traded up $0.04 during trading hours on Friday, reaching $72.09. The company's stock had a trading volume of 860,487 shares, compared to its average volume of 12,964,525. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The company's 50-day moving average is $66.27 and its two-hundred day moving average is $62.95. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $72.46. The stock has a market cap of $310.56 billion, a PE ratio of 28.82, a PEG ratio of 3.80 and a beta of 0.59.
Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.78 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The company's quarterly revenue was up 3.3% on a year-over-year basis. Analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.
Coca-Cola Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a $0.485 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a yield of 2.69%. Coca-Cola's dividend payout ratio (DPR) is 77.60%.
Institutional Investors Weigh In On Coca-Cola
A number of hedge funds and other institutional investors have recently modified their holdings of KO. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in shares of Coca-Cola during the fourth quarter worth $1,474,000. Gilbert & Cook Inc. boosted its stake in Coca-Cola by 5.6% in the 4th quarter. Gilbert & Cook Inc. now owns 15,971 shares of the company's stock worth $941,000 after buying an additional 841 shares during the last quarter. Van ECK Associates Corp grew its holdings in Coca-Cola by 9.0% in the 4th quarter. Van ECK Associates Corp now owns 686,695 shares of the company's stock valued at $40,467,000 after buying an additional 56,759 shares during the period. Duff & Phelps Investment Management Co. lifted its holdings in shares of Coca-Cola by 0.9% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 43,420 shares of the company's stock worth $2,559,000 after acquiring an additional 400 shares during the period. Finally, Penobscot Investment Management Company Inc. boosted its position in shares of Coca-Cola by 7.4% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 30,112 shares of the company's stock worth $1,775,000 after acquiring an additional 2,084 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on KO. StockNews.com lowered Coca-Cola from a "buy" rating to a "hold" rating in a report on Friday, July 19th. Royal Bank of Canada boosted their price objective 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. Barclays boosted their price target on shares of Coca-Cola from $69.00 to $70.00 and gave the stock an "overweight" rating in a research note on Thursday, July 25th. BNP Paribas initiated coverage on Coca-Cola in a report on Monday, June 24th. They issued an "outperform" rating and a $72.00 price objective on the stock. Finally, Bank of America increased their target price on Coca-Cola from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Coca-Cola has a consensus rating of "Moderate Buy" and a consensus target price of $70.73.
View Our Latest Analysis on Coca-Cola
About Coca-Cola
(
Get Free Report)
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.
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