Nancy Quan Sells 13,746 Shares of The Coca-Cola Company (NYSE:KO) Stock

The Coca-Cola Company (NYSE:KOGet Rating) SVP Nancy Quan sold 13,746 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $61.12, for a total value of $840,155.52. Following the sale, the senior vice president now owns 184,710 shares in the company, valued at $11,289,475.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Coca-Cola Stock Performance

KO stock opened at $62.63 on Thursday. The business’s fifty day moving average is $58.30 and its 200-day moving average is $61.27. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.45. The company has a market cap of $270.84 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 4.11 and a beta of 0.57. The Coca-Cola Company has a twelve month low of $52.28 and a twelve month high of $67.20.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, November 30th. Coca-Cola’s dividend payout ratio (DPR) is currently 76.86%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KO. FMR LLC increased its position in shares of Coca-Cola by 20.0% in the 2nd quarter. FMR LLC now owns 99,695,103 shares of the company’s stock valued at $6,271,819,000 after buying an additional 16,606,701 shares in the last quarter. GQG Partners LLC increased its position in shares of Coca-Cola by 5,862.0% in the 1st quarter. GQG Partners LLC now owns 12,930,640 shares of the company’s stock valued at $801,538,000 after buying an additional 12,713,757 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Coca-Cola by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 351,220,018 shares of the company’s stock valued at $21,775,641,000 after buying an additional 8,961,600 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Coca-Cola by 10.7% in the 1st quarter. Wellington Management Group LLP now owns 80,654,038 shares of the company’s stock valued at $5,000,550,000 after buying an additional 7,800,237 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Coca-Cola by 1.7% in the 3rd quarter. BlackRock Inc. now owns 301,952,085 shares of the company’s stock valued at $16,915,357,000 after buying an additional 4,994,047 shares in the last quarter. Institutional investors and hedge funds own 68.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their price target on Coca-Cola from $74.00 to $68.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 4th. Jefferies Financial Group decreased their price target on Coca-Cola from $66.00 to $59.00 and set a “hold” rating on the stock in a research report on Tuesday, October 11th. UBS Group increased their price target on Coca-Cola from $63.00 to $68.00 in a research report on Wednesday, October 26th. Wells Fargo & Company decreased their price target on Coca-Cola from $72.00 to $66.00 and set an “overweight” rating on the stock in a research report on Monday, October 3rd. Finally, Wedbush initiated coverage on Coca-Cola in a research report on Monday, October 10th. They set an “outperform” rating and a $63.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Coca-Cola Company Profile

(Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. 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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Insider Buying and Selling by Quarter for Coca-Cola (NYSE:KO)

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