KO CEO Has Gone Ahead And Sold Around 110,000 Shares Of The Company


The CEO of KO, James Quincey, has already sold close to 110,000 shares of the stocks of the company in a 23rd April research note. The average price of the shares was $54.48, which has a total valuation of around $6 million. After the completion of this transaction, the CEO has ownership of around 266,718 shares of this company- with a total valuation of $14,530,796. The transaction has been put up on the official SEC website.

The Quarterly Estimates Of KO

The stocks of KO opened on Tuesday at $0.14. The market cap of the firm has been set at $230.63 billion, with a 27.95 PE ratio, and a PEG ratio of around 5.70, with a 0.58 beta. The moving average price of the company over a period of 50 days is $52.49, with a moving average price of the company over 200 days set at $51.43. The current ratio of the company is 1.13, with a 1.01 quick ratio. The year low of the company is $43.20, with a year high of around $54.93. 

KO had previously published its quarterly report on the 18th of April. The EPS reported by the company during this quarter was $0.55, with a consensus estimate of $0.50. The net margin of the company is 24.90%, with a 41.37% return on equity. The revenue generated by the company during this period was $9 billion, which is more than the consensus estimate of $8.58 billion. 

There have been quite a few research equities that have commented on the stocks of KO. JPMorgan Chase & Co has reduced the rating of the company from overweight to neutral with a price target of $55 in a 7th January research note. Morgan Stanley has also increased the price target of the company from $55 to $60 with a rating of overweight in a Monday research report. Evercore ISI has also given KO a rating of “outperform” with a price target set at $63 in a 20th April research report.