The Coca-Cola Company (NYSE:KO) EVP Beatriz R. Perez Sells 57,298 Shares of Stock

The Coca-Cola Company (NYSE:KO) EVP Beatriz R. Perez sold 57,298 shares of Coca-Cola stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Coca-Cola Trading Up 0.4 %

NYSE:KO opened at $62.62 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.25. The company has a market cap of $269.74 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. The company has a 50 day simple moving average of $60.32 and a two-hundred day simple moving average of $59.30.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. Research analysts forecast that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Institutional Investors Weigh In On Coca-Cola

Large investors have recently added to or reduced their stakes in the stock. ZRC Wealth Management LLC grew its position in shares of Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares during the period. Tidemark LLC bought a new stake in shares of Coca-Cola during the 4th quarter valued at $26,000. Private Wealth Management Group LLC bought a new stake in shares of Coca-Cola during the 4th quarter valued at $27,000. Redmont Wealth Advisors LLC bought a new stake in shares of Coca-Cola during the 1st quarter valued at $28,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Coca-Cola during the 4th quarter valued at $30,000. Institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. lifted their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Evercore ISI boosted their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Barclays boosted their price objective on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, UBS Group boosted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.27.

About Coca-Cola

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