Coca-Cola Company (The) (NYSE:KO) SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the sale, the senior vice president now owns 98,718 shares of the company’s stock, valued at $4,541,028. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Coca-Cola Company (KO) opened at 46.20 on Thursday. The stock has a market capitalization of $197.06 billion, a PE ratio of 48.79 and a beta of 0.69. The firm has a 50-day moving average price of $45.21 and a 200-day moving average price of $43.68. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.42. Coca-Cola Company (The) also saw unusually large options trading on Tuesday. Stock traders purchased 19,279 call options on the stock. This represents an increase of approximately 223% compared to the typical daily volume of 5,965 call options.
Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. On average, equities research analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is 154.17%.
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A number of research analysts recently issued reports on KO shares. Credit Suisse Group upgraded Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $44.00 to $49.00 in a research note on Wednesday, April 19th. Zacks Investment Research downgraded Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. UBS AG boosted their price objective on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Jefferies Group LLC set a $47.00 price objective on Coca-Cola Company (The) and gave the company a “neutral” rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $46.00 price target (up from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $45.70.
Large investors have recently added to or reduced their stakes in the company. Portfolio Solutions LLC purchased a new stake in Coca-Cola Company (The) during the first quarter worth $108,000. Signature Estate & Investment Advisors LLC boosted its stake in Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after buying an additional 1,026 shares in the last quarter. SRS Capital Advisors Inc. purchased a new stake in Coca-Cola Company (The) during the fourth quarter worth $127,000. Finally, Eagle Ridge Investment Management purchased a new stake in Coca-Cola Company (The) during the second quarter worth $138,000. Institutional investors and hedge funds own 63.80% of the company’s stock.
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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