The Coca-Cola Co (NYSE:KO) CFO Kathy N. Waller Sells 23,240 Shares

The Coca-Cola Co (NYSE:KO) CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the transaction, the chief financial officer now owns 123,796 shares in the company, valued at $5,713,185.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

The Coca-Cola Co (NYSE:KO) traded up $0.03 during midday trading on Friday, reaching $43.13. The company’s stock had a trading volume of 22,791,612 shares, compared to its average volume of 13,570,000. The stock has a market cap of $183,760.00, a PE ratio of 41.08, a P/E/G ratio of 3.48 and a beta of 0.70. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The Coca-Cola Co has a 1-year low of $40.22 and a 1-year high of $48.62.

Several equities analysts have recently commented on KO shares. Royal Bank of Canada set a $49.00 price objective on The Coca-Cola and gave the company a “buy” rating in a research report on Sunday, November 12th. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Evercore ISI upgraded The Coca-Cola from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $46.04 to $55.00 in a research report on Friday, January 12th. Zacks Investment Research lowered The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Co upgraded The Coca-Cola from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $46.72 to $51.00 in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $49.01.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its stake in shares of The Coca-Cola by 59.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after purchasing an additional 1,026 shares during the period. Veritas Investment Management LLP purchased a new position in The Coca-Cola during the third quarter valued at $135,000. Spectrum Management Group Inc. purchased a new position in The Coca-Cola during the third quarter valued at $137,000. Eagle Ridge Investment Management purchased a new position in The Coca-Cola during the second quarter valued at $138,000. Finally, Legacy Advisors LLC purchased a new position in The Coca-Cola during the third quarter valued at $139,000. Institutional investors own 65.39% of the company’s stock.

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About The Coca-Cola

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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