Coca-Cola Company (The) (KO) Insider Sells $15,578,834.81 in Stock

Coca-Cola Company (The) (NYSE:KO) insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Coca-Cola Company (KO) opened at $46.54 on Friday. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. 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 stock has a market capitalization of $198,291.45, a P/E ratio of 24.62, a P/E/G ratio of 3.94 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The firm had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period last year, the company earned $0.49 EPS. Coca-Cola Company (The)’s quarterly revenue was down 14.6% compared to the same quarter last year. analysts anticipate that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/11/12/coca-cola-company-the-ko-insider-sells-15578834-81-in-stock.html.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Coca-Cola Company (The) in a research note on Friday, October 27th. Citigroup Inc. set a $53.00 target price on Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Cowen and Company reiterated a “hold” rating and set a $42.00 target price on shares of Coca-Cola Company (The) in a research report on Thursday, September 28th. Finally, Jefferies Group LLC set a $47.00 target price on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.16.

Several hedge funds have recently modified their holdings of KO. Signature Estate & Investment Advisors LLC raised its position in Coca-Cola Company (The) by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after purchasing an additional 129 shares in the last quarter. Meeder Asset Management Inc. raised its position in Coca-Cola Company (The) by 59.4% during 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 in the last quarter. Veritas Investment Management LLP bought a new stake in Coca-Cola Company (The) during the 3rd quarter valued at $135,000. Spectrum Management Group Inc. bought a new stake in Coca-Cola Company (The) during the 3rd quarter valued at $137,000. Finally, Legacy Advisors LLC bought a new stake in Coca-Cola Company (The) during the 3rd quarter valued at $139,000. 64.79% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Coca-Cola Company (The) (NYSE:KO)

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply