Coca-Cola Company (The) (KO) Insider Beatriz R. Perez Sells 29,282 Shares of Stock

Coca-Cola Company (The) (NYSE:KO) insider Beatriz R. Perez sold 29,282 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the completion of the sale, the insider now directly owns 118,000 shares of the company’s stock, valued at approximately $5,333,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Coca-Cola Company (KO) traded up 0.15% on Monday, reaching $45.38. The company’s stock had a trading volume of 7,623,917 shares. The company has a market capitalization of $193.89 billion, a price-to-earnings ratio of 31.94 and a beta of 0.70. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.06. The stock has a 50-day moving average price of $44.54 and a 200-day moving average price of $42.52.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Tuesday, June 13th. Coca-Cola Company (The)’s dividend payout ratio is currently 103.50%.

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Several brokerages have weighed in on KO. Daiwa Capital Markets began coverage on Coca-Cola Company (The) in a report on Tuesday, June 13th. They issued an “outperform” rating and a $48.60 price target for the company. BMO Capital Markets downgraded Coca-Cola Company (The) from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $45.98 to $46.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Vetr downgraded Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 price target for the company. in a report on Monday, June 5th. Barclays PLC set a $45.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Monday, May 29th. Finally, Morgan Stanley set a $45.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Monday, May 29th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company. Coca-Cola Company (The) currently has a consensus rating of “Hold” and an average target price of $44.72.

Several large investors have recently made changes to their positions in KO. Mcmillion Capital Management Inc. increased its stake in shares of Coca-Cola Company (The) by 5.0% in the third quarter. Mcmillion Capital Management Inc. now owns 43,434 shares of the company’s stock worth $1,838,000 after buying an additional 2,087 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth approximately $2,170,000. Lyell Wealth Management LP acquired a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth approximately $328,000. Federated Investors Inc. PA increased its stake in shares of Coca-Cola Company (The) by 40.5% in the fourth quarter. Federated Investors Inc. PA now owns 16,587,254 shares of the company’s stock worth $687,708,000 after buying an additional 4,778,914 shares in the last quarter. Finally, United Bank acquired a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth approximately $5,280,000. 64.64% of the stock is owned by institutional investors and hedge funds.

About Coca-Cola Company (The)

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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