The Coca-Cola Company (NYSE:KO) insider Jennifer K. Mann sold 1,883 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $45.00, for a total transaction of $84,735.00. Following the transaction, the insider now directly owns 98,995 shares of the company’s stock, valued at approximately $4,454,775. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
KO stock traded down $0.48 on Friday, hitting $43.92. The company had a trading volume of 11,495,075 shares, compared to its average volume of 12,834,890. The Coca-Cola Company has a 12-month low of $42.19 and a 12-month high of $48.62. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $189,406.22, a P/E ratio of 22.99, a P/E/G ratio of 2.57 and a beta of 0.72.
The Coca-Cola (NYSE:KO) last issued its earnings results on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The firm’s quarterly revenue was down 20.2% on a year-over-year basis. During the same quarter last year, the company posted $0.37 earnings per share. equities analysts predict that The Coca-Cola Company will post 2.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Wednesday, March 14th. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s dividend payout ratio (DPR) is currently 81.68%.
A number of equities analysts have weighed in on KO shares. Evercore ISI raised shares of The Coca-Cola from an “in-line” rating to an “outperform” rating and raised their target price for the company from $46.04 to $55.00 in a research note on Friday, January 12th. Royal Bank of Canada set a $56.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Deutsche Bank started coverage on shares of The Coca-Cola in a research note on Wednesday, December 13th. They set a “buy” rating and a $52.00 target price for the company. JPMorgan Chase reaffirmed a “neutral” rating and set a target price (up previously from ) on shares of The Coca-Cola in a research note on Friday, February 16th. Finally, Morgan Stanley reaffirmed a “neutral” rating and set a $49.00 target price (up previously from $48.00) on shares of The Coca-Cola in a research note on Monday, February 19th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $49.21.
Several institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of The Coca-Cola by 1,117.2% during the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after purchasing an additional 12,243,387 shares during the period. Capital World Investors raised its position in shares of The Coca-Cola by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after purchasing an additional 11,593,679 shares during the period. Ferox Capital Management LP bought a new stake in shares of The Coca-Cola during the 4th quarter valued at $8,213,000. Amundi Pioneer Asset Management Inc. raised its position in shares of The Coca-Cola by 1,766.8% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,105,608 shares of the company’s stock valued at $326,006,000 after purchasing an additional 6,724,982 shares during the period. Finally, Troy Asset Management Ltd bought a new stake in shares of The Coca-Cola during the 3rd quarter valued at $260,266,000. Institutional investors and hedge funds own 66.15% of the company’s stock.
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The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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