The Coca-Cola Company (NYSE:KO) VP Kathy Loveless Sells 2,512 Shares

The Coca-Cola Company (NYSE:KOGet Rating) VP Kathy Loveless sold 2,512 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,768.00. Following the completion of the sale, the vice president now owns 1,370 shares in the company, valued at approximately $87,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Coca-Cola Trading Down 1.4 %

Shares of KO stock opened at $63.64 on Wednesday. The Coca-Cola Company has a 1 year low of $52.28 and a 1 year high of $67.20. The firm has a fifty day moving average price of $62.53 and a 200-day moving average price of $62.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 0.95. The company has a market cap of $275.22 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 4.06 and a beta of 0.53.

Coca-Cola (NYSE:KOGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The firm had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities analysts predict that The Coca-Cola Company will post 2.46 earnings per share for the current year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 16th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, September 15th. Coca-Cola’s payout ratio is 79.64%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. First Business Financial Services Inc. lifted its stake in shares of Coca-Cola by 5.4% during the 2nd quarter. First Business Financial Services Inc. now owns 38,904 shares of the company’s stock valued at $2,447,000 after buying an additional 2,000 shares in the last quarter. Financial Advisory Service Inc. lifted its stake in shares of Coca-Cola by 24.6% during the 2nd quarter. Financial Advisory Service Inc. now owns 22,120 shares of the company’s stock valued at $1,392,000 after buying an additional 4,362 shares in the last quarter. Mmbg Investment Advisors CO. lifted its stake in shares of Coca-Cola by 84.9% during the 2nd quarter. Mmbg Investment Advisors CO. now owns 19,280 shares of the company’s stock valued at $1,213,000 after buying an additional 8,850 shares in the last quarter. Horizon Wealth Management LLC lifted its stake in shares of Coca-Cola by 15.8% during the 2nd quarter. Horizon Wealth Management LLC now owns 6,306 shares of the company’s stock valued at $397,000 after buying an additional 861 shares in the last quarter. Finally, Richard Bernstein Advisors LLC lifted its stake in shares of Coca-Cola by 35.0% during the 2nd quarter. Richard Bernstein Advisors LLC now owns 182,043 shares of the company’s stock valued at $11,453,000 after buying an additional 47,207 shares in the last quarter. Hedge funds and other institutional investors own 68.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. DZ Bank lowered shares of Coca-Cola from a “buy” rating to a “hold” rating and set a $69.00 target price for the company. in a report on Thursday, April 28th. Cowen lifted their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a report on Tuesday, April 26th. Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a report on Tuesday, July 26th. Cowen boosted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a report on Tuesday, April 26th. Finally, StockNews.com lowered shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.41.

About Coca-Cola

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, 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 Coca-Cola (NYSE:KO)

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