The Coca-Cola Co (NYSE:KO) SVP Beatriz R. Perez sold 10,000 shares of The Coca-Cola stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total transaction of $479,800.00. Following the transaction, the senior vice president now directly owns 92,645 shares in the company, valued at $4,445,107.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE:KO opened at $48.00 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $204.76 billion, a P/E ratio of 25.13, a P/E/G ratio of 3.15 and a beta of 0.60. The Coca-Cola Co has a 12-month low of $41.45 and a 12-month high of $48.62.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Equities research analysts predict that The Coca-Cola Co will post 2.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.39 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.25%. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.
A number of research analysts have weighed in on KO shares. JPMorgan Chase & Co. reaffirmed a “$45.12” rating and set a $49.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 18th. TheStreet raised shares of The Coca-Cola from a “c+” rating to a “b-” rating in a research report on Tuesday, July 17th. Morningstar set a $49.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Wednesday, August 8th. SunTrust Banks lifted their price target on shares of The Coca-Cola to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Finally, Royal Bank of Canada set a $56.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $51.22.
Several large investors have recently modified their holdings of KO. C WorldWide Group Holding A S increased its stake in shares of The Coca-Cola by 873.0% in the second quarter. C WorldWide Group Holding A S now owns 7,630,919 shares of the company’s stock worth $334,692,000 after buying an additional 6,846,641 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in shares of The Coca-Cola in the second quarter worth $206,654,000. Natixis increased its stake in shares of The Coca-Cola by 218.3% in the second quarter. Natixis now owns 4,080,146 shares of the company’s stock worth $178,955,000 after buying an additional 2,798,257 shares during the last quarter. Bank of Montreal Can increased its stake in shares of The Coca-Cola by 47.4% in the third quarter. Bank of Montreal Can now owns 5,934,198 shares of the company’s stock worth $274,099,000 after buying an additional 1,907,604 shares during the last quarter. Finally, Unigestion Holding SA bought a new stake in shares of The Coca-Cola in the second quarter worth $78,078,000. Institutional investors and hedge funds own 65.44% of the company’s stock.
About The Coca-Cola
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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