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 firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $25,291,503.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 value 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 value of $5,345,964.61.

Coca-Cola Trading Up 0.2 %

KO opened at $57.40 on Tuesday. The stock has a 50-day moving average of $55.99 and a 200 day moving average of $59.26. The company has a current ratio of 1.14, a quick ratio of 0.97 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 firm has a market cap of $248.16 billion, a P/E ratio of 23.05, a P/E/G ratio of 3.46 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, October 24th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $11.95 billion for the quarter, compared to the consensus estimate of $11.45 billion. Coca-Cola had a return on equity of 42.44% and a net margin of 23.92%. As a group, research analysts forecast that The Coca-Cola Company will post 2.68 EPS for the current year.

Coca-Cola Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays lowered their price objective on Coca-Cola from $70.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, October 12th. Morgan Stanley reduced their target price on shares of Coca-Cola from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. Jefferies Financial Group initiated coverage on shares of Coca-Cola in a research note on Monday, November 13th. They set a “hold” rating and a $64.00 price target on the stock. Wedbush raised their target price on Coca-Cola from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Royal Bank of Canada boosted their price target on Coca-Cola from $69.00 to $70.00 in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

Institutional Trading of Coca-Cola

Several institutional investors have recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated lifted its holdings in shares of Coca-Cola by 13.5% in the 3rd quarter. Silver Oak Securities Incorporated now owns 9,767 shares of the company’s stock worth $547,000 after buying an additional 1,159 shares during the period. Savoie Capital LLC purchased a new position in shares of Coca-Cola in the 3rd quarter worth approximately $701,000. Diversified Trust Co raised its stake in shares of Coca-Cola by 3.4% during the 3rd quarter. Diversified Trust Co now owns 572,253 shares of the company’s stock worth $32,035,000 after acquiring an additional 18,659 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Coca-Cola by 11.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 21,121 shares of the company’s stock worth $1,182,000 after purchasing an additional 2,237 shares in the last quarter. Finally, Creative Planning grew its stake in shares of Coca-Cola by 12.9% during the third quarter. Creative Planning now owns 1,754,529 shares of the company’s stock worth $98,218,000 after acquiring an additional 201,156 shares during the last quarter. Institutional investors own 68.96% 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.