The Coca-Cola Co (NYSE:KO) SVP Francisco Crespo sold 130,637 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $55.15, for a total value of $7,204,630.55. Following the completion of the transaction, the senior vice president now owns 139,975 shares of the company’s stock, valued at approximately $7,719,621.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of KO opened at $54.23 on Thursday. The business’s 50-day moving average is $54.04 and its two-hundred day moving average is $50.27. The company has a market capitalization of $232.02 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.77 and a beta of 0.44. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.71 and a current ratio of 0.83. The Coca-Cola Co has a fifty-two week low of $44.25 and a fifty-two week high of $55.92.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. Analysts forecast that The Coca-Cola Co will post 2.1 EPS for the current year.
A number of brokerages recently issued reports on KO. Credit Suisse Group raised their target price on The Coca-Cola from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Royal Bank of Canada restated a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 24th. BMO Capital Markets raised their target price on The Coca-Cola from $48.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Bank of America restated a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of The Coca-Cola in a research note on Wednesday, July 24th. Finally, Atlantic Securities began coverage on The Coca-Cola in a research note on Monday, July 29th. They issued an “overweight” rating and a $62.00 target price for the company. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $54.26.
Institutional investors and hedge funds have recently made changes to their positions in the business. Krane Funds Advisors LLC acquired a new stake in shares of The Coca-Cola during the 2nd quarter valued at about $25,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of The Coca-Cola during the 1st quarter valued at about $28,000. LFA Lugano Financial Advisors SA lifted its stake in The Coca-Cola by 348.8% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock valued at $28,000 after buying an additional 429 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new position in The Coca-Cola in the 1st quarter valued at about $35,000. Finally, Redhawk Wealth Advisors Inc. purchased a new position in The Coca-Cola in the 2nd quarter valued at about $36,000. 67.48% of the stock is currently owned by institutional investors.
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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