Insider Selling: The Coca-Cola Company (NYSE:KO) SVP Sells 43,636 Shares of Stock

The Coca-Cola Company (NYSE:KOGet Rating) SVP Jennifer K. Mann sold 43,636 shares of the stock in a transaction on Friday, April 8th. The stock was sold at an average price of $63.81, for a total transaction of $2,784,413.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Coca-Cola stock remained flat at $$63.83 during mid-day trading on Monday. The company had a trading volume of 600,165 shares, compared to its average volume of 19,082,006. The Coca-Cola Company has a 52 week low of $52.28 and a 52 week high of $64.04. The business has a 50-day moving average price of $61.25 and a two-hundred day moving average price of $58.28. The firm has a market cap of $276.70 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 3.09 and a beta of 0.65. The company has a quick ratio of 0.96, a current ratio of 1.13 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KOGet Rating) last released its earnings results on Thursday, February 10th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. The business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $8.93 billion. Coca-Cola had a return on equity of 42.21% and a net margin of 25.28%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. As a group, analysts predict that The Coca-Cola Company will post 2.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Tuesday, March 15th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, March 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.76%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.42. Coca-Cola’s dividend payout ratio is currently 77.88%.

Several equities analysts have recently weighed in on the company. Royal Bank of Canada raised their price objective on Coca-Cola from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Friday, February 11th. StockNews.com initiated coverage on shares of Coca-Cola in a research report on Thursday, March 31st. They set a “hold” rating for the company. Wells Fargo & Company lifted their price target on shares of Coca-Cola from $67.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, February 11th. Credit Suisse Group set a $66.00 price target on shares of Coca-Cola in a research report on Wednesday, January 26th. Finally, Morgan Stanley boosted their price objective on shares of Coca-Cola from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Tuesday, February 8th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Buy” and a consensus target price of $65.25.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. KCM Investment Advisors LLC boosted its stake in shares of Coca-Cola by 4.6% during the 3rd quarter. KCM Investment Advisors LLC now owns 53,822 shares of the company’s stock worth $2,824,000 after acquiring an additional 2,374 shares in the last quarter. Cornerstone Wealth Group LLC boosted its holdings in Coca-Cola by 11.4% during the third quarter. Cornerstone Wealth Group LLC now owns 9,084 shares of the company’s stock valued at $477,000 after purchasing an additional 929 shares in the last quarter. BOKF NA acquired a new position in shares of Coca-Cola in the 3rd quarter worth approximately $31,698,000. MD Financial Management Inc. raised its position in Coca-Cola by 11.9% in the 3rd quarter. MD Financial Management Inc. now owns 47,869 shares of the company’s stock worth $2,512,000 after purchasing an additional 5,077 shares during the last quarter. Finally, Banque Pictet & Cie SA raised its position in shares of Coca-Cola by 1.8% during the 3rd quarter. Banque Pictet & Cie SA now owns 115,360 shares of the company’s stock valued at $6,053,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 67.82% of the company’s stock.

Coca-Cola Company Profile (Get Rating)

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 plantÂ-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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