Beatriz R. Perez Sells 29,282 Shares of Coca-Cola Company (The) (KO) Stock

Coca-Cola Company (The) (NYSE:KO) insider Beatriz R. Perez sold 29,282 shares of Coca-Cola Company (The) stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the sale, the insider now owns 118,000 shares in the company, valued at $5,333,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Coca-Cola Company (KO) opened at 45.38 on Tuesday. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.06. The stock has a market cap of $193.89 billion, a price-to-earnings ratio of 31.94 and a beta of 0.70. The firm’s 50-day moving average price is $44.61 and its 200-day moving average price is $42.58.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Tuesday, April 25th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.85 billion. Coca-Cola Company (The) had a return on equity of 33.17% and a net margin of 15.30%. Coca-Cola Company (The)’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. On average, equities analysts predict that Coca-Cola Company will post $1.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Tuesday, June 13th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 103.50%.

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KO has been the topic of a number of recent analyst reports. TheStreet upgraded Coca-Cola Company (The) from a “c+” rating to a “b” rating in a research note on Thursday, April 27th. Sanford C. Bernstein reiterated a “buy” rating and set a $48.00 target price on shares of Coca-Cola Company (The) in a research note on Monday, April 10th. BMO Capital Markets reiterated a “buy” rating and set a $45.00 target price on shares of Coca-Cola Company (The) in a research note on Wednesday, March 22nd. Zacks Investment Research upgraded Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Friday, April 21st. Finally, Vetr upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 target price on the stock in a research note on Monday, April 24th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $44.72.

Several institutional investors have recently made changes to their positions in KO. Clearbridge Investments LLC boosted its position in shares of Coca-Cola Company (The) by 8.1% in the first quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock worth $683,791,000 after buying an additional 1,208,498 shares during the period. Sowell Financial Services LLC boosted its position in shares of Coca-Cola Company (The) by 32.6% in the first quarter. Sowell Financial Services LLC now owns 114,131 shares of the company’s stock worth $5,139,000 after buying an additional 28,072 shares during the period. UBS Oconnor LLC bought a new position in shares of Coca-Cola Company (The) during the first quarter worth approximately $12,732,000. Piedmont Investment Advisors LLC boosted its position in shares of Coca-Cola Company (The) by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 830,139 shares of the company’s stock worth $35,231,000 after buying an additional 7,112 shares during the period. Finally, Jacobi Capital Management LLC boosted its position in shares of Coca-Cola Company (The) by 20.0% in the first quarter. Jacobi Capital Management LLC now owns 49,128 shares of the company’s stock worth $2,091,000 after buying an additional 8,176 shares during the period. Hedge funds and other institutional investors own 64.64% of the company’s stock.

Coca-Cola Company (The) Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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