Beatriz R. Perez Sells 60,326 Shares of The Coca-Cola Company (NYSE:KO) Stock

The Coca-Cola Company (NYSE:KO - Get Free Report) EVP Beatriz R. Perez sold 60,326 shares of Coca-Cola stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the transaction, the executive vice president now directly owns 187,716 shares in the company, valued at $13,491,148.92. The trade was a 24.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Coca-Cola Trading Down 0.8 %

NYSE:KO traded down $0.55 on Friday, hitting $70.62. 11,225,074 shares of the stock were exchanged, compared to its average volume of 15,486,955. The stock has a fifty day moving average of $70.94 and a 200-day moving average of $66.64. The stock has a market cap of $303.92 billion, a PE ratio of 28.59, a PEG ratio of 3.79 and a beta of 0.47. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. Coca-Cola's revenue for the quarter was down .7% on a year-over-year basis. As a group, equities analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KO. MorganRosel Wealth Management LLC acquired a new position in shares of Coca-Cola during the first quarter worth $25,000. Crowley Wealth Management Inc. purchased a new stake in Coca-Cola during the 4th quarter worth $27,000. Garde Capital Inc. purchased a new position in Coca-Cola in the 1st quarter valued at about $30,000. Mainstream Capital Management LLC acquired a new stake in shares of Coca-Cola during the fourth quarter valued at about $31,000. Finally, Mizuho Securities Co. Ltd. increased its position in shares of Coca-Cola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KO. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Thursday, February 13th. Jefferies Financial Group raised shares of Coca-Cola from a "hold" rating to a "buy" rating and lifted their target price for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Piper Sandler lifted their price objective on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. UBS Group boosted their price objective on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Evercore ISI boosted their price target on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $75.59.

Coca-Cola Company Profile

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.

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