The Coca-Cola Company (NYSE:KO) insider Henrique Braun sold 23,118 shares of Coca-Cola stock in a transaction that occurred on Tuesday, January 4th. The shares were sold at an average price of $60.00, for a total value of $1,387,080.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Henrique Braun also recently made the following trade(s):
- On Monday, December 13th, Henrique Braun sold 12,022 shares of Coca-Cola stock. The stock was sold at an average price of $57.50, for a total value of $691,265.00.
Coca-Cola stock opened at $60.33 on Friday. The firm has a market capitalization of $260.59 billion, a P/E ratio of 29.57, a PEG ratio of 3.11 and a beta of 0.70. The stock has a fifty day moving average price of $56.76 and a 200 day moving average price of $55.81. The Coca-Cola Company has a 52 week low of $48.11 and a 52 week high of $61.19. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 1.63.
Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, October 26th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.07. Coca-Cola had a return on equity of 44.22% and a net margin of 23.31%. The firm had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $9.72 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, equities analysts predict that The Coca-Cola Company will post 2.28 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Tuesday, November 30th. Coca-Cola’s dividend payout ratio (DPR) is presently 82.35%.
Several hedge funds and other institutional investors have recently modified their holdings of KO. Fortis Advisors LLC purchased a new stake in shares of Coca-Cola in the third quarter worth about $25,000. Monumental Financial Group Inc. purchased a new stake in shares of Coca-Cola in the second quarter worth about $27,000. Avion Wealth boosted its position in shares of Coca-Cola by 736.1% in the third quarter. Avion Wealth now owns 510 shares of the company’s stock worth $27,000 after buying an additional 449 shares during the period. Core Alternative Capital purchased a new stake in shares of Coca-Cola in the third quarter worth about $32,000. Finally, Strategic Asset Management LLC purchased a new stake in shares of Coca-Cola in the third quarter worth about $34,000. 66.59% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on KO shares. Guggenheim raised Coca-Cola from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $61.00 to $66.00 in a report on Tuesday, January 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Coca-Cola from $60.00 to $59.00 and set a “hold” rating for the company in a report on Friday, October 15th. Credit Suisse Group set a $63.00 price target on Coca-Cola in a report on Thursday, December 9th. Royal Bank of Canada boosted their price target on Coca-Cola from $62.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, October 28th. Finally, Evercore ISI reissued a “buy” rating on shares of Coca-Cola in a report on Tuesday, November 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $61.56.
The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.
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