The Coca-Cola Company (NYSE:KO – Get Rating) SVP Nancy Quan sold 13,746 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $61.12, for a total transaction of $840,155.52. Following the sale, the senior vice president now owns 184,710 shares in the company, valued at approximately $11,289,475.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Coca-Cola Trading Up 0.4 %
Shares of KO opened at $62.35 on Wednesday. The firm’s 50-day moving average price is $58.30 and its 200-day moving average price is $61.27. The firm has a market capitalization of $269.63 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 4.11 and a beta of 0.57. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.45. The Coca-Cola Company has a 1-year low of $52.28 and a 1-year high of $67.20.
Coca-Cola Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Wednesday, November 30th. Coca-Cola’s payout ratio is 76.86%.
Institutional Investors Weigh In On Coca-Cola
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Coca-Cola to $68.00 in a research report on Thursday, October 20th. Wolfe Research assumed coverage on shares of Coca-Cola in a research report on Tuesday, October 11th. They set an “outperform” rating and a $63.00 price objective on the stock. Barclays raised their price objective on shares of Coca-Cola from $62.00 to $67.00 in a research report on Wednesday, October 26th. Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a report on Tuesday, July 26th. Finally, HSBC increased their target price on shares of Coca-Cola from $72.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.
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