CocaCola (NYSE:KO) Insider Bruno Pietracci Sells 28,765 Shares of Stock

CocaCola Company (The) (NYSE:KOGet Free Report) insider Bruno Pietracci sold 28,765 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.41, for a total transaction of $2,284,228.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CocaCola Trading Down 0.5%

KO traded down $0.36 during trading on Friday, reaching $76.67. 1,655,642 shares of the company’s stock were exchanged, compared to its average volume of 19,180,977. The company’s fifty day moving average price is $74.72 and its 200-day moving average price is $71.05. The firm has a market capitalization of $329.74 billion, a PE ratio of 25.22, a P/E/G ratio of 3.27 and a beta of 0.35. CocaCola Company has a fifty-two week low of $65.35 and a fifty-two week high of $82.00. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46.

CocaCola (NYSE:KOGet Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $11.82 billion for the quarter, compared to analyst estimates of $12.04 billion. CocaCola had a return on equity of 41.31% and a net margin of 27.34%.The firm’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. As a group, equities analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, March 13th. This is an increase from CocaCola’s previous quarterly dividend of $0.51. CocaCola’s dividend payout ratio is presently 67.11%.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

Institutional Investors Weigh In On CocaCola

Several institutional investors have recently added to or reduced their stakes in KO. Anfield Capital Management LLC lifted its holdings in shares of CocaCola by 438.8% in the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock valued at $25,000 after purchasing an additional 294 shares in the last quarter. Headlands Technologies LLC bought a new stake in CocaCola in the 2nd quarter valued at approximately $26,000. Marquette Asset Management LLC acquired a new position in CocaCola during the 3rd quarter worth approximately $27,000. Cloud Capital Management LLC bought a new position in shares of CocaCola during the 3rd quarter worth approximately $27,000. Finally, Evolution Wealth Management Inc. raised its holdings in shares of CocaCola by 1,081.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock valued at $27,000 after purchasing an additional 357 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

KO has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of CocaCola from $82.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Jefferies Financial Group decreased their price target on shares of CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $83.00 price objective on shares of CocaCola in a research note on Thursday, January 29th. Truist Financial set a $85.00 target price on CocaCola in a report on Wednesday, February 11th. Finally, Morgan Stanley restated an “overweight” rating and issued a $87.00 price target on shares of CocaCola in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $84.33.

View Our Latest Research Report on KO

About CocaCola

(Get Free Report)

The Coca?Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca?Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready?to?drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca?Cola’s brand portfolio includes widely recognized names such as Coca?Cola, Diet Coke, Coca?Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

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Insider Buying and Selling by Quarter for CocaCola (NYSE:KO)

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