Nancy Quan Sells 10,000 Shares of The Coca-Cola Co (NYSE:KO) Stock
The Coca-Cola Co (NYSE:KO) SVP Nancy Quan sold 10,000 shares of The Coca-Cola stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the sale, the senior vice president now directly owns 175,049 shares in the company, valued at $8,052,254. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Nancy Quan also recently made the following trade(s):
- On Wednesday, October 30th, Nancy Quan sold 24,000 shares of The Coca-Cola stock. The shares were sold at an average price of $53.90, for a total value of $1,293,600.00.
The Coca-Cola stock opened at $56.70 on Thursday. The stock’s 50 day moving average is $54.65 and its 200 day moving average is $53.75. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.79. The firm has a market cap of $239.93 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.81 and a beta of 0.42. The Coca-Cola Co has a one year low of $44.42 and a one year high of $56.98.
KO has been the topic of a number of recent research reports. UBS Group raised The Coca-Cola from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $63.00 in a research note on Wednesday, October 23rd. Wells Fargo & Co set a $60.00 price target on The Coca-Cola and gave the company a “buy” rating in a research note on Monday, October 21st. BMO Capital Markets lifted their price objective on The Coca-Cola from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Monday, October 21st. Guggenheim set a $59.00 price objective on The Coca-Cola and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. set a $59.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $57.05.
Hedge funds have recently modified their holdings of the business. LFA Lugano Financial Advisors SA bought a new stake in The Coca-Cola in the fourth quarter worth approximately $31,000. Quantum Capital Management bought a new stake in The Coca-Cola in the third quarter worth approximately $34,000. Candriam Luxembourg S.C.A. increased its holdings in The Coca-Cola by 1.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 647,744 shares of the company’s stock worth $37,000 after purchasing an additional 6,373 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in The Coca-Cola by 128.9% in the fourth quarter. Simon Quick Advisors LLC now owns 673 shares of the company’s stock worth $37,000 after purchasing an additional 379 shares in the last quarter. Finally, KCS Wealth Advisory bought a new stake in The Coca-Cola in the third quarter worth approximately $41,000. Institutional investors and hedge funds own 67.54% of the company’s stock.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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