CocaCola (NYSE:KO) Director Max Levchin Acquires 7,206 Shares of Stock

CocaCola Company (The) (NYSE:KO) Director Max Levchin bought 7,206 shares of the business’s stock in a transaction on Friday, October 24th. The stock was bought at an average cost of $69.87 per share, for a total transaction of $503,483.22. Following the purchase, the director directly owned 14,267 shares of the company’s stock, valued at approximately $996,835.29. This trade represents a 102.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CocaCola Trading Up 0.5%

NYSE KO opened at $70.07 on Tuesday. The firm has a market cap of $301.43 billion, a P/E ratio of 23.20, a P/E/G ratio of 3.64 and a beta of 0.43. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. The stock’s 50-day moving average is $67.83 and its 200-day moving average is $69.74. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The company had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. Sell-side analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. CocaCola’s dividend payout ratio (DPR) is presently 67.55%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its stake in CocaCola by 23.4% in the third quarter. Versant Capital Management Inc now owns 15,119 shares of the company’s stock valued at $1,003,000 after purchasing an additional 2,867 shares in the last quarter. Ashton Thomas Securities LLC grew its stake in CocaCola by 1.2% in the third quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock valued at $835,000 after purchasing an additional 149 shares in the last quarter. WealthPLAN Partners LLC boosted its stake in shares of CocaCola by 16.2% during the 3rd quarter. WealthPLAN Partners LLC now owns 5,816 shares of the company’s stock worth $386,000 after acquiring an additional 810 shares during the period. Plan Group Financial LLC bought a new position in shares of CocaCola during the 3rd quarter worth approximately $329,000. Finally, Kera Capital Partners Inc. bought a new position in shares of CocaCola during the 3rd quarter worth approximately $318,000. 70.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on KO. Wells Fargo & Company increased their price objective on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. TD Cowen increased their price objective on CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Cowen reiterated a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Barclays reiterated an “overweight” rating on shares of CocaCola in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $78.31.

About CocaCola

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.