Insider Selling: Coca-Cola Company (The) (NYSE:KO) Insider Sells 29,282 Shares of Stock

Coca-Cola Company (The) (NYSE:KO) insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the completion of the sale, the insider now directly owns 118,000 shares in the company, valued at approximately $5,333,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Coca-Cola Company (KO) traded down 0.02% during trading on Friday, reaching $44.39. The company had a trading volume of 9,566,044 shares. The firm has a 50-day moving average price of $44.99 and a 200-day moving average price of $42.80. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.06. The company has a market capitalization of $189.66 billion, a P/E ratio of 31.24 and a beta of 0.69.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Tuesday, April 25th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. Coca-Cola Company (The) had a net margin of 15.30% and a return on equity of 33.17%. The firm had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.85 billion. During the same quarter last year, the firm earned $0.45 EPS. The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. On average, analysts predict that Coca-Cola Company will post $1.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.33%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 103.50%.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Coca-Cola Company (The) (NYSE:KO) Insider Sells 29,282 Shares of Stock” was first reported by BBNS and is owned by of BBNS. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://baseballnewssource.com/markets/coca-cola-company-the-ko-insider-beatriz-r-perez-sells-29282-shares-of-stock-updated-updated/1043567.html.

Hedge funds have recently added to or reduced their stakes in the company. Holderness Investments Co. increased its stake in Coca-Cola Company (The) by 0.7% in the fourth quarter. Holderness Investments Co. now owns 5,999 shares of the company’s stock valued at $249,000 after buying an additional 41 shares during the period. Psagot Investment House Ltd. boosted its position in Coca-Cola Company (The) by 0.4% in the fourth quarter. Psagot Investment House Ltd. now owns 12,850 shares of the company’s stock valued at $533,000 after buying an additional 45 shares in the last quarter. Alpha Windward LLC boosted its position in Coca-Cola Company (The) by 0.9% in the first quarter. Alpha Windward LLC now owns 7,659 shares of the company’s stock valued at $325,000 after buying an additional 68 shares in the last quarter. Delta Asset Management LLC TN boosted its position in Coca-Cola Company (The) by 0.4% in the first quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock valued at $1,152,000 after buying an additional 96 shares in the last quarter. Finally, Whalerock Point Partners LLC boosted its position in Coca-Cola Company (The) by 1.7% in the fourth quarter. Whalerock Point Partners LLC now owns 6,063 shares of the company’s stock valued at $252,000 after buying an additional 100 shares in the last quarter. Institutional investors own 63.94% of the company’s stock.

A number of analysts have recently weighed in on KO shares. Susquehanna Bancshares Inc set a $38.00 price target on shares of Coca-Cola Company (The) and gave the company a “hold” rating in a report on Saturday, March 25th. Vetr raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price objective for the company in a research report on Monday, April 24th. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Coca-Cola Company (The) in a research report on Tuesday, April 25th. Stifel Nicolaus reissued a “hold” rating and set a $41.00 price target on shares of Coca-Cola Company (The) in a research report on Monday, April 24th. Finally, BMO Capital Markets reissued a “buy” rating and set a $46.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday, April 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Coca-Cola Company (The) currently has a consensus rating of “Hold” and a consensus price target of $44.80.

Coca-Cola Company (The) Company Profile

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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