The Coca-Cola Company (NYSE:KO – Get Free Report) SVP Henrique Braun sold 52,696 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $56.97, for a total transaction of $3,002,091.12. Following the completion of the sale, the senior vice president now owns 26,272 shares in the company, valued at $1,496,715.84. The transaction was disclosed in a filing with the SEC, which is available through this link.
Coca-Cola Trading Up 0.4 %
Shares of NYSE KO traded up $0.25 during midday trading on Monday, hitting $57.51. 6,188,879 shares of the company traded hands, compared to its average volume of 13,558,306. The firm has a market cap of $248.64 billion, a P/E ratio of 22.98, a P/E/G ratio of 3.46 and a beta of 0.59. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.97 and a current ratio of 1.14. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.99. The stock has a 50-day moving average price of $56.02 and a 200 day moving average price of $59.30.
Coca-Cola (NYSE:KO – Get Free Report) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $11.95 billion for the quarter, compared to analysts’ expectations of $11.45 billion. Coca-Cola had a net margin of 23.92% and a return on equity of 42.44%. As a group, analysts expect that The Coca-Cola Company will post 2.68 earnings per share for the current year.
Coca-Cola Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.84 dividend on an annualized basis and a yield of 3.20%. Coca-Cola’s dividend payout ratio (DPR) is 73.90%.
Analyst Upgrades and Downgrades
KO has been the topic of a number of research analyst reports. Citigroup decreased their price target on shares of Coca-Cola from $74.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, October 11th. StockNews.com lowered shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Barclays reduced their target price on shares of Coca-Cola from $70.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, October 12th. Bank of America reduced their target price on shares of Coca-Cola from $74.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Coca-Cola from $59.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its position in Coca-Cola by 1.0% in the second quarter. State Street Corp now owns 171,246,926 shares of the company’s stock worth $10,390,407,000 after acquiring an additional 1,628,772 shares during the period. Morgan Stanley grew its stake in Coca-Cola by 2.5% during the third quarter. Morgan Stanley now owns 80,448,083 shares of the company’s stock valued at $4,503,484,000 after acquiring an additional 1,950,146 shares in the last quarter. Geode Capital Management LLC grew its stake in Coca-Cola by 2.8% during the second quarter. Geode Capital Management LLC now owns 79,165,884 shares of the company’s stock valued at $4,754,907,000 after acquiring an additional 2,183,864 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Coca-Cola by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock valued at $3,501,789,000 after acquiring an additional 2,464,618 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its stake in Coca-Cola by 103,297.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock valued at $3,672,479,000 after acquiring an additional 57,678,466 shares in the last quarter. 68.96% of the stock is currently owned by institutional investors.
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. 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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