Insider Selling: The Coca-Cola Company (NYSE:KO) EVP Sells $1,224,645.76 in Stock

The Coca-Cola Company (NYSE:KO) EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at $14,168,055.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Coca-Cola Stock Performance

NYSE KO opened at $62.55 on Friday. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.36. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The stock has a market capitalization of $269.46 billion, a PE ratio of 25.02, a P/E/G ratio of 3.56 and a beta of 0.59. The company’s 50 day simple moving average is $61.85 and its two-hundred day simple moving average is $60.46.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The company had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same quarter last year, the firm earned $0.68 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts predict that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, June 14th. Coca-Cola’s dividend payout ratio is currently 77.60%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Morgan Stanley upped their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. upped their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Evercore ISI upped their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $68.55.

Hedge Funds Weigh In On Coca-Cola

Several institutional investors and hedge funds have recently made changes to their positions in the business. Tidemark LLC purchased a new stake in Coca-Cola during the 4th quarter valued at $26,000. ESL Trust Services LLC purchased a new stake in Coca-Cola during the 1st quarter valued at $28,000. Redmont Wealth Advisors LLC purchased a new stake in Coca-Cola during the 1st quarter valued at $28,000. Private Wealth Management Group LLC purchased a new stake in Coca-Cola during the 4th quarter valued at $27,000. Finally, ZRC Wealth Management LLC boosted its position in Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Company Profile

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.