The Coca-Cola Company (NYSE:KO) CEO James Quincey Sells 92,028 Shares

The Coca-Cola Company (NYSE:KO) CEO James Quincey sold 92,028 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $57.15, for a total transaction of $5,259,400.20. Following the transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at $25,291,503.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

James Quincey also recently made the following trade(s):

• On Tuesday, October 17th, James Quincey sold 92,029 shares of Coca-Cola stock. The shares were sold at an average price of $53.86, for a total transaction of $4,956,681.94.
• On Monday, September 18th, James Quincey sold 92,029 shares of Coca-Cola stock. The shares were sold at an average price of $58.09, for a total transaction of $5,345,964.61.

Coca-Cola Stock Up 0.2 %

Shares of KO opened at $57.40 on Tuesday. The stock has a market cap of $248.16 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 3.46 and a beta of 0.59. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.23. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.99. The company has a 50-day moving average price of $55.99 and a two-hundred day moving average price of $59.26.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $11.95 billion during the quarter, compared to analysts’ expectations of $11.45 billion. Coca-Cola had a net margin of 23.92% and a return on equity of 42.44%. Equities analysts predict that The Coca-Cola Company will post 2.68 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola’s payout ratio is 73.90%.

Analyst Ratings Changes

A number of research firms have issued reports on KO. Barclays decreased their price target on shares of Coca-Cola from $70.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, October 12th. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola from $59.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, October 25th. Citigroup reduced their target price on shares of Coca-Cola from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, October 11th. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, Royal Bank of Canada increased their target price on shares of Coca-Cola from $69.00 to $70.00 in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.20.

Institutional Trading of Coca-Cola

Hedge funds have recently modified their holdings of the company. Freedom Wealth Alliance LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC acquired a new stake in shares of Coca-Cola in the first quarter valued at approximately $25,000. Hibernia Wealth Partners LLC acquired a new stake in shares of Coca-Cola in the third quarter valued at approximately $25,000. Paladin Advisory Group LLC acquired a new stake in shares of Coca-Cola in the second quarter valued at approximately $28,000. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 68.96% of the company’s stock.

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.