The Coca-Cola Co (NYSE:KO) insider Jennifer K. Mann sold 9,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $51.88, for a total value of $466,920.00. Following the completion of the transaction, the insider now owns 41,049 shares in the company, valued at approximately $2,129,622.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
KO stock opened at $51.64 on Thursday. The Coca-Cola Co has a twelve month low of $42.96 and a twelve month high of $52.19. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.02. The company has a market capitalization of $218.98 billion, a PE ratio of 24.44, a P/E/G ratio of 3.51 and a beta of 0.50.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $8 billion for the quarter, compared to analyst estimates 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 last year, the company posted $0.47 earnings per share. Equities research analysts anticipate that The Coca-Cola Co will post 2.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.60 dividend on an annualized basis and a yield of 3.10%. The Coca-Cola’s dividend payout ratio (DPR) is currently 76.92%.
Institutional investors have recently modified their holdings of the stock. Prime Capital Investment Advisors LLC purchased a new stake in The Coca-Cola in the first quarter worth $28,000. Orrstown Financial Services Inc. increased its position in The Coca-Cola by 230.8% in the first quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock worth $35,000 after buying an additional 517 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in The Coca-Cola in the first quarter worth $35,000. Transamerica Financial Advisors Inc. increased its position in The Coca-Cola by 567.7% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock worth $41,000 after buying an additional 721 shares during the last quarter. Finally, Financial Gravity Companies Inc. purchased a new stake in The Coca-Cola in the fourth quarter worth $45,000. Institutional investors and hedge funds own 66.83% of the company’s stock.
Several brokerages have 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 target on the stock in a report on Friday, April 26th. Morgan Stanley upgraded The Coca-Cola from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $52.00 to $55.00 in a report on Tuesday, May 14th. UBS Group raised their target price on The Coca-Cola from $50.00 to $52.00 and gave the company 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, Wells Fargo & Co raised their target price on The Coca-Cola from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $51.05.
About The Coca-Cola
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 plant?based 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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