Coca-Cola Company (The) (NYSE:KO) insider Mark Randazza sold 24,156 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the completion of the transaction, the insider now directly owns 26,567 shares in the company, valued at $1,222,347.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Coca-Cola Company (KO) opened at 46.01 on Friday. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.43. The stock has a 50 day moving average of $45.04 and a 200 day moving average of $43.27. The company has a market cap of $196.37 billion, a price-to-earnings ratio of 48.59 and a beta of 0.69.
Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The company had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The firm’s revenue was down 15.9% on a year-over-year basis. Analysts predict that Coca-Cola Company will post $1.90 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is 154.17%.
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Hedge funds have recently made changes to their positions in the company. North American Management Corp raised its position in shares of Coca-Cola Company (The) by 10.3% in the second quarter. North American Management Corp now owns 6,435 shares of the company’s stock valued at $289,000 after buying an additional 600 shares in the last quarter. Shell Asset Management Co. raised its position in shares of Coca-Cola Company (The) by 0.5% in the first quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock valued at $37,216,000 after buying an additional 4,101 shares in the last quarter. Guinness Asset Management Ltd raised its position in shares of Coca-Cola Company (The) by 13.4% in the first quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock valued at $9,886,000 after buying an additional 27,560 shares in the last quarter. IFM Investors Pty Ltd acquired a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at $2,170,000. Finally, Marathon Asset Management LLP raised its position in shares of Coca-Cola Company (The) by 7.3% in the first quarter. Marathon Asset Management LLP now owns 2,699,084 shares of the company’s stock valued at $115,439,000 after buying an additional 184,589 shares in the last quarter. 63.74% of the stock is owned by institutional investors.
Several equities analysts have commented on KO shares. Barclays PLC set a $45.00 target price on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Wednesday, July 19th. UBS AG lifted their price target on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets reaffirmed a “buy” rating and set a $46.00 price target on shares of Coca-Cola Company (The) in a report on Wednesday, April 26th. BidaskClub lowered shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and set a $48.00 price target on shares of Coca-Cola Company (The) in a report on Monday, April 10th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.48.
About Coca-Cola Company (The)
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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