The Coca-Cola Company (NYSE:KO) Insider Sells $84,735.00 in Stock

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.

How to Become a New Pot Stock Millionaire

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.

TRADEMARK VIOLATION WARNING: “The Coca-Cola Company (NYSE:KO) Insider Sells $84,735.00 in Stock” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/07/the-coca-cola-co-ko-insider-sells-84735-00-in-stock.html.

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.

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

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

Leave a Reply