The Coca-Cola Co (NYSE:KO) SVP Beatriz R. Perez sold 14,094 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $49.50, for a total value of $697,653.00. Following the completion of the transaction, the senior vice president now owns 108,551 shares of the company’s stock, valued at $5,373,274.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
KO stock traded down $0.37 during trading on Monday, hitting $48.83. 5,840,700 shares of the company traded hands, compared to its average volume of 11,811,895. The stock has a market capitalization of $209.88 billion, a PE ratio of 23.48, a P/E/G ratio of 3.31 and a beta of 0.53. The Coca-Cola Co has a 1 year low of $41.93 and a 1 year high of $50.84. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.91.
The Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, April 23rd. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.89 billion. The Coca-Cola had a return on equity of 45.12% and a net margin of 20.91%. The Coca-Cola’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. Analysts anticipate that The Coca-Cola Co will post 2.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Thursday, June 13th. The Coca-Cola’s payout ratio is 76.92%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of The Coca-Cola in the 4th quarter worth approximately $1,717,527,000. Oregon Public Employees Retirement Fund increased its position in The Coca-Cola by 4,577.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,634,956 shares of the company’s stock valued at $415,000 after buying an additional 19,215,135 shares in the last quarter. FMR LLC increased its position in The Coca-Cola by 22.2% during the 4th quarter. FMR LLC now owns 61,139,629 shares of the company’s stock valued at $2,894,961,000 after buying an additional 11,126,961 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in The Coca-Cola by 60.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,037,150 shares of the company’s stock valued at $1,173,241,000 after buying an additional 9,474,304 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in The Coca-Cola by 12.6% during the 1st quarter. Wellington Management Group LLP now owns 81,490,595 shares of the company’s stock valued at $3,818,650,000 after buying an additional 9,098,307 shares in the last quarter. 67.99% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on KO. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Friday, April 26th. Morgan Stanley upgraded The Coca-Cola from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $52.00 to $55.00 in a report on Tuesday, May 14th. UBS Group upped their price objective on The Coca-Cola from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. ValuEngine upgraded The Coca-Cola from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Barclays set a $54.00 target price on The Coca-Cola and gave the company a “buy” rating in a report on Thursday. Fourteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The Coca-Cola presently has an average rating of “Hold” and an average target price of $51.15.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantbased 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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