CocaCola (NYSE:KO) EVP Sells $2,250,751.25 in Stock

CocaCola Company (The) (NYSE:KO) EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $15,894,396.10. This represents a 12.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CocaCola Stock Performance

KO traded down $0.13 on Wednesday, hitting $71.09. 8,336,628 shares of the company’s stock were exchanged, compared to its average volume of 16,669,451. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The firm has a market cap of $305.79 billion, a PE ratio of 23.55, a P/E/G ratio of 3.57 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The stock has a fifty day moving average of $68.14 and a two-hundred day moving average of $69.46.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.The business had revenue of $11.40 billion during the quarter. On average, research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.51 per share. The ex-dividend date is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. CocaCola’s dividend payout ratio (DPR) is presently 67.55%.

Analyst Ratings Changes

Several equities analysts recently weighed in on KO shares. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. UBS Group decreased their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Cowen reiterated a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. Piper Sandler upped their price target on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Bank of America raised their price target on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $78.43.

Institutional Trading of CocaCola

Several hedge funds and other institutional investors have recently modified their holdings of KO. Norges Bank acquired a new stake in CocaCola during the second quarter worth about $3,846,270,000. Nuveen LLC acquired a new stake in CocaCola during the 1st quarter worth approximately $1,508,657,000. Wellington Management Group LLP lifted its holdings in CocaCola by 52.7% during the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company’s stock worth $3,398,185,000 after buying an additional 16,383,870 shares during the period. Boston Partners acquired a new stake in CocaCola during the 1st quarter valued at approximately $642,183,000. Finally, Vanguard Group Inc. lifted its holdings in CocaCola by 1.7% in the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after buying an additional 6,241,163 shares during the period. Institutional investors own 70.26% of the company’s stock.

About CocaCola

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.