The Coca-Cola Co (NYSE:KO) insider Jennifer K. Mann sold 1,883 shares of The Coca-Cola stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $45.00, for a total value of $84,735.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
The Coca-Cola Co (NYSE KO) opened at $44.18 on Wednesday. The Coca-Cola Co has a one year low of $41.90 and a one year high of $48.62. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 1.34. The company has a market cap of $190,070.00, a PE ratio of 40.52, a price-to-earnings-growth ratio of 2.58 and a beta of 0.77.
The Coca-Cola (NYSE:KO) last posted its earnings results on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.36 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The Coca-Cola’s quarterly revenue was down 20.2% compared to the same quarter last year. equities analysts expect that The Coca-Cola Co will post 2.09 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Green Square Capital LLC raised its position in The Coca-Cola by 6.9% in the 4th quarter. Green Square Capital LLC now owns 201,631 shares of the company’s stock worth $9,251,000 after purchasing an additional 13,099 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in The Coca-Cola by 23.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 405,069 shares of the company’s stock worth $18,585,000 after purchasing an additional 78,244 shares during the last quarter. Certified Advisory Corp bought a new position in The Coca-Cola in the 4th quarter worth approximately $352,000. Ackerman Capital Advisors LLC bought a new position in The Coca-Cola in the 4th quarter worth approximately $203,000. Finally, Wagner Wealth Management LLC bought a new position in The Coca-Cola in the 4th quarter worth approximately $8,167,000. Institutional investors own 66.16% of the company’s stock.
KO has been the topic of a number of recent research reports. Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $46.04 to $55.00 in a research report on Friday, January 12th. Royal Bank of Canada set a $56.00 target price on The Coca-Cola and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Wells Fargo & Co raised The Coca-Cola from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $46.72 to $51.00 in a research report on Tuesday, November 14th. Deutsche Bank initiated coverage on The Coca-Cola in a research report on Wednesday, December 13th. They set a “buy” rating and a $52.00 target price on the stock. Finally, Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 target price on the stock in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.21.
About The Coca-Cola
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.
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.