The Coca-Cola Company (NYSE:KO - Get Free Report) COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the sale, the chief operating officer now directly owns 52,466 shares of the company's stock, valued at $3,749,745.02. This represents a 32.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Coca-Cola Stock Performance
KO opened at $69.59 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The business has a 50 day moving average of $66.03 and a 200-day moving average of $66.63. The stock has a market cap of $299.29 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 3.79 and a beta of 0.57.
Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. On average, equities research analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.
Coca-Cola Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, March 14th. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's payout ratio is currently 82.59%.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a "hold" rating to a "buy" rating and increased their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Morgan Stanley raised their price target on Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Royal Bank of Canada reiterated an "outperform" rating and set a $69.00 price objective on shares of Coca-Cola in a report on Thursday, February 6th. Piper Sandler increased their target price on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Jefferies Financial Group raised shares of Coca-Cola from a "hold" rating to a "buy" rating and increased their price objective for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola has an average rating of "Moderate Buy" and a consensus price target of $74.24.
Read Our Latest Stock Analysis on KO
Hedge Funds Weigh In On Coca-Cola
Large investors have recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new position in Coca-Cola in the 4th quarter valued at $27,000. Mainstream Capital Management LLC bought a new stake in shares of Coca-Cola in the fourth quarter valued at about $31,000. REAP Financial Group LLC grew its stake in shares of Coca-Cola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in Coca-Cola during the fourth quarter worth about $37,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Coca-Cola in the 4th quarter worth about $38,000. Institutional investors own 70.26% of the company's stock.
About Coca-Cola
(
Get Free Report)
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.
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