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.
Check Out Our Latest Research Report on KO
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.
About Coca-Cola
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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