Representative Lloyd Doggett (D-Texas) recently bought shares of The Coca-Cola Company NYSE: KO. In a filing disclosed on January 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Coca-Cola stock on December 16th.
Representative Lloyd Doggett also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 12/12/2024.
- Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 12/12/2024.
- Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 12/10/2024.
- Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 12/10/2024.
- Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 11/15/2024.
Coca-Cola Stock Performance
KO stock traded down $0.73 during mid-day trading on Friday, reaching $60.98. 22,420,855 shares of the stock traded hands, compared to its average volume of 15,991,351. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The business has a 50-day moving average of $62.91 and a two-hundred day moving average of $66.46. The firm has a market capitalization of $262.69 billion, a PE ratio of 25.20, a P/E/G ratio of 3.83 and a beta of 0.61. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53.
Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The company's quarterly revenue was down .8% compared to the same quarter last year. As a group, equities analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.
Coca-Cola Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.485 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 3.18%. Coca-Cola's dividend payout ratio (DPR) is presently 80.17%.
Institutional Investors Weigh In On Coca-Cola
A number of hedge funds have recently modified their holdings of the business. FMR LLC raised its position in shares of Coca-Cola by 13.7% in the third quarter. FMR LLC now owns 92,961,376 shares of the company's stock valued at $6,680,205,000 after purchasing an additional 11,206,995 shares during the period. Geode Capital Management LLC increased its holdings in Coca-Cola by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock worth $6,664,005,000 after purchasing an additional 2,966,964 shares in the last quarter. Legal & General Group Plc boosted its position in Coca-Cola by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 38,701,876 shares of the company's stock worth $2,463,373,000 after buying an additional 1,084,475 shares during the period. Wellington Management Group LLP grew its position in shares of Coca-Cola by 14.5% in the 3rd quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock valued at $2,271,885,000 after buying an additional 4,013,996 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Coca-Cola by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 27,984,953 shares of the company's stock valued at $1,990,407,000 after purchasing an additional 1,609,565 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on KO. Truist Financial boosted their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. TD Cowen upgraded 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 Wednesday. Wells Fargo & Company lowered their target price on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday. Barclays decreased their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Finally, Hsbc Global Res raised shares of Coca-Cola to a "strong-buy" rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coca-Cola has a consensus rating of "Moderate Buy" and an average price target of $72.60.
View Our Latest Stock Analysis on KO
Insider Activity at Coca-Cola
In related news, CEO James Quincey sold 100,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.97% of the stock is owned by company insiders.
About Representative Doggett
Lloyd Doggett (Democratic Party) is a member of the U.S. House, representing Texas' 37th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Doggett (Democratic Party) is running for re-election to the U.S. House to represent Texas' 37th Congressional District. He declared candidacy for the Democratic primary scheduled on March 5, 2024. In the 116th Congress, Doggett served on the House Ways & Means Committee, and he co-founded the House Prescription Drug Taskforce. Doggett began his political career in the Texas State Senate, where he served from 1973 to 1985. He then served as a member of the Texas Supreme Court from 1989 until 1994. He represented Texas' 25th Congressional District from 2005 to 2013 and Texas' 10th Congressional District from 1995 to 2005. As of a 2014 analysis of multiple outside rankings, Doggett is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills. Lloyd Doggett was born in Austin, Texas. Doggett graduated from Austin High School in 1964. He earned a B.A. from the University of Texas at Austin in 1967 and a J.D. from the University of Texas in 1970. Doggett's career experience includes working as an adjunct professor with the University of Texas School of Law.
About Coca-Cola
(
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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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