NYSE:KO - Get Free Report ) EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the sale, the executive vice president now directly owns 167,107 shares in the company, valued at approximately $10,358,962.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
Get Coca-Cola alerts:
Sign Up
Coca-Cola Trading Up 0.4 % Shares of Coca-Cola stock traded up $0.27 on Tuesday, reaching $62.62. 9,792,168 shares of the company were exchanged, compared to its average volume of 13,919,606. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.25. The firm has a market capitalization of $269.74 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. The stock has a fifty day moving average price of $60.32 and a 200-day moving average price of $59.30.
Coca-Cola (NYSE:KO - Get Free Report ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The firm's revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that The Coca-Cola Company will post 2.82 EPS for the current year.
Coca-Cola Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola's payout ratio is 77.60%.
Analyst Upgrades and Downgrades Several research firms recently commented on KO. Citigroup raised their target price on Coca-Cola from $67.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, January 17th. Evercore ISI upped their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Barclays boosted their target price on Coca-Cola from $68.00 to $69.00 and gave the stock an "overweight" rating in a report on Thursday, May 2nd. Finally, UBS Group increased their price target on Coca-Cola from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $68.27.
View Our Latest Report on KO
Institutional Investors Weigh In On Coca-Cola A number of institutional investors have recently bought and sold shares of KO. ZRC Wealth Management LLC raised its position in Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company's stock valued at $26,000 after acquiring an additional 320 shares in the last quarter. Tidemark LLC acquired a new stake in shares of Coca-Cola in the 4th quarter valued at $26,000. Private Wealth Management Group LLC bought a new stake in Coca-Cola in the fourth quarter worth $27,000. Redmont Wealth Advisors LLC bought a new position in Coca-Cola during the first quarter valued at about $28,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Coca-Cola in the fourth quarter worth about $30,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.
About Coca-Cola (
Get Free Report )
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.
See Also
Before you consider Coca-Cola, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola wasn't on the list.
While Coca-Cola currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
