The Coca-Cola Co (NYSE:KO) Insider Sells $7,929,260.00 in Stock

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The Coca-Cola Co (NYSE:KO) insider Nikolaos Koumettis sold 146,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $54.31, for a total transaction of $7,929,260.00. Following the sale, the insider now directly owns 244,451 shares in the company, valued at $13,276,133.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of KO opened at $54.49 on Friday. The firm has a market capitalization of $233.86 billion, a PE ratio of 26.20, a PEG ratio of 3.80 and a beta of 0.48. The company’s 50-day moving average is $52.90 and its 200-day moving average is $49.28. The Coca-Cola Co has a fifty-two week low of $44.25 and a fifty-two week high of $54.82. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.86 billion. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. Analysts predict that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.60 annualized dividend and a dividend yield of 2.94%. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of The Coca-Cola by 1.4% in the second quarter. Vanguard Group Inc. now owns 308,293,644 shares of the company’s stock valued at $15,698,312,000 after acquiring an additional 4,225,080 shares in the last quarter. FMR LLC grew its stake in shares of The Coca-Cola by 22.2% in the fourth quarter. FMR LLC now owns 61,139,629 shares of the company’s stock valued at $2,894,961,000 after acquiring an additional 11,126,961 shares in the last quarter. Northern Trust Corp grew its stake in shares of The Coca-Cola by 1.1% in the second quarter. Northern Trust Corp now owns 52,096,293 shares of the company’s stock valued at $2,652,743,000 after acquiring an additional 589,927 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of The Coca-Cola by 10.8% in the fourth quarter. Geode Capital Management LLC now owns 46,561,672 shares of the company’s stock valued at $2,200,726,000 after acquiring an additional 4,528,987 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of The Coca-Cola by 15.0% in the second quarter. Morgan Stanley now owns 41,763,050 shares of the company’s stock valued at $2,126,574,000 after acquiring an additional 5,449,889 shares in the last quarter. Institutional investors and hedge funds own 66.84% of the company’s stock.

Several analysts have issued reports on KO shares. Bank of America reaffirmed a “buy” rating and set a $60.00 price target (up from $55.00) on shares of The Coca-Cola in a research report on Wednesday, July 24th. HSBC reaffirmed a “neutral” rating and set a $52.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 24th. Deutsche Bank increased their price objective on shares of The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Barclays set a $54.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Thursday, May 16th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $54.10.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Insider Buying and Selling by Quarter for The Coca-Cola (NYSE:KO)

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