The Coca-Cola Company (NYSE:KO – Get 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
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
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.
- Get a free copy of the StockNews.com research report on Coca-Cola (KO)
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