Coca-Cola Company (The) (NYSE:KO - Get Free Report) EVP Beatriz Perez sold 67,548 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $94.91, for a total value of $6,410,980.68. Following the completion of the transaction, the executive vice president directly owned 160,428 shares of the company's stock, valued at $15,226,221.48. This represents a 29.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Coca-Cola Price Performance
KO opened at $96.08 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.19 and a current ratio of 1.38. Coca-Cola Company has a 52-week low of $67.27 and a 52-week high of $96.56. The stock has a market capitalization of $413.31 billion, a P/E ratio of 28.55, a P/E/G ratio of 3.70 and a beta of 0.28. The company's 50-day simple moving average is $89.72 and its two-hundred day simple moving average is $82.44.
Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. Coca-Cola had a return on equity of 38.79% and a net margin of 28.65%. The business had revenue of $13.35 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. Coca-Cola's revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts predict that Coca-Cola Company will post 3.34 EPS for the current year.
Coca-Cola Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.12 annualized dividend and a yield of 2.2%. Coca-Cola's dividend payout ratio (DPR) is presently 62.35%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on KO shares. Bank of America upped their price target on shares of Coca-Cola from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Citigroup increased their target price on shares of Coca-Cola from $102.00 to $103.00 and gave the stock a "buy" rating in a report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Coca-Cola from $92.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. CICC Research boosted their target price on Coca-Cola from $85.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Finally, DZ Bank reiterated a "buy" rating on shares of Coca-Cola in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.26.
Check Out Our Latest Stock Report on KO
Institutional Investors Weigh In On Coca-Cola
A number of hedge funds and other institutional investors have recently modified their holdings of KO. Bank of America Corp DE boosted its holdings in shares of Coca-Cola by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 45,958,636 shares of the company's stock valued at $3,735,058,000 after purchasing an additional 1,939,673 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Coca-Cola by 0.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,354,414 shares of the company's stock valued at $2,954,523,000 after purchasing an additional 162,097 shares in the last quarter. Wellington Management Group LLP grew its stake in Coca-Cola by 9.2% during the 2nd quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company's stock valued at $2,361,198,000 after purchasing an additional 2,439,026 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Coca-Cola by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,822,295 shares of the company's stock valued at $1,431,495,000 after purchasing an additional 235,785 shares in the last quarter. Finally, Fayez Sarofim & Co raised its holdings in Coca-Cola by 0.7% in the second quarter. Fayez Sarofim & Co now owns 15,272,831 shares of the company's stock valued at $1,241,223,000 after acquiring an additional 113,599 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting Coca-Cola
Here are the key news stories impacting Coca-Cola this week:
About Coca-Cola
(
Get Free Report)
The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.
The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.
The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.
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