The Coca-Cola Co (NYSE:KO) insider Jennifer K. Mann sold 1,883 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $45.00, for a total value of $84,735.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of The Coca-Cola Co (NYSE:KO) opened at $44.18 on Wednesday. The firm has a market capitalization of $190,070.00, a price-to-earnings ratio of 40.52, a PEG ratio of 2.58 and a beta of 0.77. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 1.34. The Coca-Cola Co has a one year low of $41.90 and a one year high of $48.62.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.36 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The company’s revenue was down 20.2% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. research analysts anticipate that The Coca-Cola Co will post 2.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.53%. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s dividend payout ratio is presently 134.55%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KO. Beach Investment Management LLC. purchased a new stake in shares of The Coca-Cola in the second quarter valued at $736,000. BB&T Securities LLC raised its holdings in shares of The Coca-Cola by 22.4% during the second quarter. BB&T Securities LLC now owns 1,031,724 shares of the company’s stock worth $46,273,000 after acquiring an additional 188,535 shares in the last quarter. Financial Advisors Network Inc. raised its holdings in shares of The Coca-Cola by 0.7% during the second quarter. Financial Advisors Network Inc. now owns 16,440 shares of the company’s stock worth $737,000 after acquiring an additional 117 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of The Coca-Cola during the second quarter worth $14,154,000. Finally, Marshall Wace LLP purchased a new stake in shares of The Coca-Cola during the second quarter worth $16,314,000. Institutional investors own 66.16% of the company’s stock.
A number of brokerages recently issued reports on KO. Stifel Nicolaus reissued a “hold” rating and issued a $49.00 price objective on shares of The Coca-Cola in a report on Friday, December 22nd. Goldman Sachs Group set a $49.00 price target on The Coca-Cola and gave the company a “sell” rating in a research note on Wednesday, January 10th. Morningstar set a $48.50 price target on The Coca-Cola and gave the company a “buy” rating in a research note on Wednesday, February 28th. Susquehanna Bancshares set a $45.00 price target on The Coca-Cola and gave the company a “hold” rating in a research note on Monday, February 12th. Finally, Vetr lowered The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 price target for the company. in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $49.21.
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About The Coca-Cola
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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