Henrique Braun Sells 57,298 Shares of The Coca-Cola Company (NYSE:KO) Stock

The Coca-Cola Company (NYSE:KO) EVP Henrique Braun sold 57,298 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $63.08, for a total value of $3,614,357.84. Following the completion of the transaction, the executive vice president now directly owns 52,466 shares of the company’s stock, valued at approximately $3,309,555.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Coca-Cola Stock Performance

Coca-Cola stock opened at $63.03 on Friday. The business has a 50 day moving average of $60.87 and a 200-day moving average of $59.68. The company has a market capitalization of $271.53 billion, a P/E ratio of 25.21, a P/E/G ratio of 3.59 and a beta of 0.57. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $63.76. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 EPS. On average, equities research analysts predict that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.08%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Institutional Investors Weigh In On Coca-Cola

Several institutional investors and hedge funds have recently made changes to their positions in KO. Jennison Associates LLC lifted its holdings in Coca-Cola by 35.1% in the third quarter. Jennison Associates LLC now owns 46,426 shares of the company’s stock valued at $2,599,000 after buying an additional 12,060 shares during the period. Allworth Financial LP boosted its position in shares of Coca-Cola by 6.2% during the 3rd quarter. Allworth Financial LP now owns 56,463 shares of the company’s stock valued at $3,161,000 after purchasing an additional 3,319 shares in the last quarter. Alaska Permanent Fund Corp boosted its position in shares of Coca-Cola by 0.7% during the 3rd quarter. Alaska Permanent Fund Corp now owns 85,336 shares of the company’s stock valued at $4,777,000 after purchasing an additional 593 shares in the last quarter. Annex Advisory Services LLC grew its stake in Coca-Cola by 29.5% during the third quarter. Annex Advisory Services LLC now owns 8,704 shares of the company’s stock worth $487,000 after purchasing an additional 1,981 shares during the period. Finally, Genus Capital Management Inc. bought a new stake in Coca-Cola in the third quarter worth approximately $1,260,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KO shares. UBS Group boosted their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. upped their target price on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Barclays lifted their price target on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, Evercore ISI upped their price objective on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.