Coca-Cola Company (The) (NYSE:KO) insider J Alexander Douglas, Jr. sold 180,738 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.99, for a total transaction of $8,312,140.62. Following the completion of the sale, the insider now owns 315,606 shares in the company, valued at $14,514,719.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Coca-Cola Company (KO) traded down 0.33% during midday trading on Friday, hitting $45.59. 8,357,607 shares of the company traded hands. The stock has a market capitalization of $194.46 billion, a PE ratio of 48.14 and a beta of 0.69. The stock has a 50 day moving average of $45.14 and a 200-day moving average of $43.57. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.43.
Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. Coca-Cola Company (The)’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Equities analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.
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KO has been the topic of a number of research analyst reports. Barclays PLC set a $45.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Wednesday, July 19th. UBS AG raised their price objective on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Citigroup Inc. set a $53.00 target price on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Thursday, August 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $46.00 target price on shares of Coca-Cola Company (The) in a research report on Wednesday, April 26th. Finally, BidaskClub downgraded shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. Coca-Cola Company (The) presently has an average rating of “Hold” and an average target price of $45.70.
A number of large investors have recently made changes to their positions in the stock. Portfolio Solutions LLC bought a new stake in shares of Coca-Cola Company (The) during the first quarter worth $108,000. Signature Estate & Investment Advisors LLC increased its position in Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares during the period. Meeder Asset Management Inc. increased its position in Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares during the period. SRS Capital Advisors Inc. acquired a new position in Coca-Cola Company (The) during the fourth quarter valued at approximately $127,000. Finally, Almanack Investment Partners LLC. acquired a new position in Coca-Cola Company (The) during the second quarter valued at approximately $142,000. 63.68% of the stock is currently owned by institutional investors and hedge funds.
Coca-Cola Company (The) Company Profile
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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