CocaCola (NYSE:KO) CEO James Quincey Sells 337,824 Shares

Key Points

  • James Quincey sold 337,824 shares on Feb. 3 at an average price of $77.10 for about $26.05 million, cutting his stake by 49.65% to 342,546 shares, as disclosed on an SEC Form 4.
  • Analysts are broadly bullish on KO with an average Buy rating, several firms raising targets (Jefferies to $88, Deutsche Bank to $83) and a consensus price target near $80.43 ahead of Q4 results.
  • Coca‑Cola trades around $78.46 with a market cap of about $337.5 billion, a P/E of ~25.98, a one‑year range of $62.91–$78.86, and roughly 70% institutional ownership.

CocaCola Company (The) (NYSE:KO - Get Free Report) CEO James Quincey sold 337,824 shares of the firm's stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $77.10, for a total transaction of $26,046,230.40. Following the sale, the chief executive officer owned 342,546 shares of the company's stock, valued at approximately $26,410,296.60. The trade was a 49.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CocaCola Stock Performance

CocaCola stock opened at $78.46 on Friday. The firm has a 50 day simple moving average of $71.21 and a 200-day simple moving average of $69.70. The stock has a market cap of $337.48 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 3.97 and a beta of 0.36. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. CocaCola Company has a 1-year low of $62.91 and a 1-year high of $78.86.

More CocaCola News




Here are the key news stories impacting CocaCola this week:

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vestia Personal Wealth Advisors grew its stake in shares of CocaCola by 3.8% during the fourth quarter. Vestia Personal Wealth Advisors now owns 3,819 shares of the company's stock worth $275,000 after purchasing an additional 140 shares in the last quarter. Apexium Financial LP lifted its holdings in CocaCola by 1.2% during the 3rd quarter. Apexium Financial LP now owns 12,154 shares of the company's stock worth $810,000 after buying an additional 142 shares during the last quarter. Stockman Wealth Management Inc. boosted its position in shares of CocaCola by 1.7% during the 4th quarter. Stockman Wealth Management Inc. now owns 8,901 shares of the company's stock worth $622,000 after acquiring an additional 147 shares in the last quarter. 1ST Source Bank boosted its position in shares of CocaCola by 0.7% during the 4th quarter. 1ST Source Bank now owns 19,766 shares of the company's stock worth $1,382,000 after acquiring an additional 147 shares in the last quarter. Finally, Prosperity Financial Group Inc. increased its holdings in shares of CocaCola by 3.9% in the 3rd quarter. Prosperity Financial Group Inc. now owns 3,957 shares of the company's stock valued at $262,000 after acquiring an additional 148 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KO shares. Piper Sandler increased their price objective on shares of CocaCola from $80.00 to $81.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a "buy (b-)" rating on shares of CocaCola in a research note on Thursday, January 22nd. Wells Fargo & Company raised their price target on CocaCola from $75.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 22nd. Evercore ISI reiterated an "outperform" rating on shares of CocaCola in a report on Tuesday, October 21st. Finally, Bank of America increased their target price on CocaCola from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $80.43.

Get Our Latest Research Report on CocaCola

About CocaCola

(Get Free Report)

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola's brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

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