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%.
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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.
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