The Coca-Cola Company (NYSE:KO) EVP Beatriz R. Perez Sells 57,298 Shares of Stock

The Coca-Cola Company (NYSE:KO) EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the sale, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The sale was disclosed in a document filed with the SEC, which is available through this link.

Coca-Cola Trading Up 0.4 %

KO stock opened at $62.85 on Thursday. The firm’s fifty day simple moving average is $60.32 and its two-hundred day simple moving average is $59.30. The stock has a market capitalization of $270.75 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.25.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. As a group, analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KO. TD Asset Management Inc raised its stake in Coca-Cola by 0.7% in the first quarter. TD Asset Management Inc now owns 2,935,238 shares of the company’s stock valued at $179,578,000 after buying an additional 20,048 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in Coca-Cola by 4.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 27,953 shares of the company’s stock worth $1,710,000 after acquiring an additional 1,242 shares during the last quarter. Berkshire Money Management Inc. acquired a new stake in Coca-Cola during the 1st quarter worth about $210,000. Edmond DE Rothschild Holding S.A. grew its stake in Coca-Cola by 8.6% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 366,464 shares of the company’s stock valued at $22,420,000 after purchasing an additional 29,055 shares during the last quarter. Finally, Cozad Asset Management Inc. increased its holdings in shares of Coca-Cola by 1.4% in the first quarter. Cozad Asset Management Inc. now owns 53,677 shares of the company’s stock valued at $3,284,000 after purchasing an additional 766 shares during the period. 70.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KO shares. Evercore ISI lifted their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Barclays boosted their target price on Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. UBS Group raised their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Citigroup increased their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and an average target price of $68.27.

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.