The Coca-Cola Company (NYSE:KO) SVP Sells $3,002,091.12 in Stock

The Coca-Cola Company (NYSE:KO) SVP Henrique Braun sold 52,696 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $56.97, for a total value of $3,002,091.12. Following the transaction, the senior vice president now owns 26,272 shares of the company’s stock, valued at $1,496,715.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Coca-Cola Trading Up 0.4 %

Shares of NYSE:KO traded up $0.25 during midday trading on Monday, reaching $57.51. The company had a trading volume of 6,188,879 shares, compared to its average volume of 13,558,306. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.97 and a current ratio of 1.14. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99. The firm has a market cap of $248.64 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The company has a fifty day simple moving average of $56.02 and a two-hundred day simple moving average of $59.30.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Coca-Cola had a return on equity of 42.44% and a net margin of 23.92%. The firm had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.45 billion. Research analysts predict that The Coca-Cola Company will post 2.68 earnings per share for the current year.

Coca-Cola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.84 dividend on an annualized basis and a yield of 3.20%. Coca-Cola’s payout ratio is presently 73.90%.

Institutional Investors Weigh In On Coca-Cola

Institutional investors have recently bought and sold shares of the business. Summitry LLC increased its stake in Coca-Cola by 1.7% during the 1st quarter. Summitry LLC now owns 9,668 shares of the company’s stock worth $600,000 after buying an additional 159 shares during the period. Ten Capital Wealth Advisors LLC increased its stake in Coca-Cola by 4.7% during the 1st quarter. Ten Capital Wealth Advisors LLC now owns 3,584 shares of the company’s stock worth $222,000 after buying an additional 162 shares during the period. Johnson Midwest Financial LLC increased its stake in Coca-Cola by 7.5% during the 2nd quarter. Johnson Midwest Financial LLC now owns 2,321 shares of the company’s stock worth $140,000 after buying an additional 162 shares during the period. Alpha Financial Partners LLC increased its stake in Coca-Cola by 3.4% during the 2nd quarter. Alpha Financial Partners LLC now owns 4,913 shares of the company’s stock worth $296,000 after buying an additional 162 shares during the period. Finally, Traynor Capital Management Inc. grew its holdings in Coca-Cola by 4.4% during the 2nd quarter. Traynor Capital Management Inc. now owns 3,831 shares of the company’s stock worth $231,000 after acquiring an additional 162 shares in the last quarter. 68.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on KO. Wedbush raised their price objective on Coca-Cola from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Bank of America reduced their price objective on Coca-Cola from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Barclays dropped their target price on Coca-Cola from $70.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, October 12th. JPMorgan Chase & Co. increased their target price on Coca-Cola from $59.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada increased their target price on Coca-Cola from $69.00 to $70.00 in a research report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.20.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.