Insider Selling: The Coca-Cola Company (NYSE:KO) SVP Sells 143,924 Shares of Stock

The Coca-Cola Company (NYSE:KOGet Rating) SVP Beatriz R. Perez sold 143,924 shares of the company’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $64.78, for a total value of $9,323,396.72. Following the completion of the sale, the senior vice president now owns 121,178 shares in the company, valued at $7,849,910.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:KO opened at $64.74 on Friday. The firm has a market capitalization of $280.65 billion, a PE ratio of 27.20, a P/E/G ratio of 3.78 and a beta of 0.58. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 0.98. The business has a 50-day moving average of $62.62 and a two-hundred day moving average of $59.78. The Coca-Cola Company has a 12 month low of $52.28 and a 12 month high of $67.20.

Coca-Cola (NYSE:KOGet Rating) last posted its earnings results on Monday, April 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. The business had revenue of $10.50 billion during the quarter, compared to analyst estimates of $9.83 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, research analysts anticipate that The Coca-Cola Company will post 2.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th will be paid a $0.44 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.72%. Coca-Cola’s dividend payout ratio (DPR) is currently 73.95%.

Several analysts have recently issued reports on KO shares. Barclays set a $74.00 price objective on Coca-Cola in a research report on Wednesday, April 27th. DZ Bank downgraded Coca-Cola from a “buy” rating to a “hold” rating and set a $69.00 price objective on the stock. in a research report on Thursday, April 28th. Cowen upped their target price on Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Tuesday, April 26th. StockNews.com upgraded Coca-Cola from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. Finally, Morgan Stanley upped their target price on Coca-Cola from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, February 8th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Buy” and an average target price of $67.29.

Several hedge funds have recently bought and sold shares of KO. Great Lakes Advisors LLC boosted its holdings in Coca-Cola by 6.2% in the first quarter. Great Lakes Advisors LLC now owns 19,444 shares of the company’s stock valued at $1,206,000 after purchasing an additional 1,142 shares during the last quarter. Stiles Financial Services Inc boosted its holdings in Coca-Cola by 9.4% in the first quarter. Stiles Financial Services Inc now owns 24,796 shares of the company’s stock valued at $1,537,000 after purchasing an additional 2,131 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in Coca-Cola by 1.4% in the first quarter. Los Angeles Capital Management LLC now owns 3,624,058 shares of the company’s stock valued at $224,692,000 after purchasing an additional 51,291 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in Coca-Cola by 43.0% in the first quarter. Tortoise Investment Management LLC now owns 884 shares of the company’s stock valued at $55,000 after purchasing an additional 266 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its holdings in Coca-Cola by 3.0% in the first quarter. Arete Wealth Advisors LLC now owns 30,768 shares of the company’s stock valued at $1,908,000 after purchasing an additional 910 shares during the last quarter. Institutional investors and hedge funds own 68.51% 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 plant-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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Insider Buying and Selling by Quarter for Coca-Cola (NYSE:KO)

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