Kathy Loveless Sells 2,512 Shares of The Coca-Cola Company (NYSE:KO) Stock

The Coca-Cola Company (NYSE:KO – Get Rating) VP Kathy Loveless sold 2,512 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,768.00. Following the completion of the sale, the vice president now directly owns 1,370 shares in the company, valued at $87,680. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Coca-Cola Trading Up 0.4 %

NYSE KO opened at $63.92 on Thursday. The Coca-Cola Company has a one year low of $52.28 and a one year high of $67.20. The company’s 50 day moving average price is $62.53 and its 200 day moving average price is $62.36. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a market capitalization of $276.43 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 4.09 and a beta of 0.53.

Coca-Cola (NYSE:KO – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The firm had revenue of $11.30 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter last year, the firm posted $0.68 earnings per share. Coca-Cola’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, sell-side analysts predict that The Coca-Cola Company will post 2.46 EPS for the current year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.76 annualized dividend and a yield of 2.75%. Coca-Cola’s payout ratio is 79.64%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Cowen increased their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Tuesday, April 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coca-Cola from $64.00 to $65.00 and gave the stock a “maintains” rating in a research note on Wednesday, July 27th. JPMorgan Chase & Co. set a $70.00 price target on shares of Coca-Cola in a research note on Tuesday, July 26th. Citigroup raised their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 26th. Finally, HSBC raised their price target on shares of Coca-Cola from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, April 26th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.41.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Curi Wealth Management LLC purchased a new stake in shares of Coca-Cola during the fourth quarter valued at approximately $25,000. Nauset Wealth Management. LLC purchased a new stake in shares of Coca-Cola during the first quarter valued at approximately $27,000. Shore Point Advisors LLC purchased a new stake in shares of Coca-Cola during the fourth quarter valued at approximately $28,000. Delos Wealth Advisors LLC raised its stake in shares of Coca-Cola by 4,770.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after purchasing an additional 477 shares during the period. Finally, Horan Securities Inc. purchased a new stake in shares of Coca-Cola during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 68.51% of the company’s stock.

Coca-Cola Company Profile

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.