The Coca-Cola Company (NYSE:KO) Insider Sells $2,667,443.53 in Stock

The Coca-Cola Company (NYSE:KO) insider Bruno Pietracci sold 38,653 shares of Coca-Cola stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $69.01, for a total value of $2,667,443.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Coca-Cola Trading Down 1.8 %

KO stock traded down $1.23 during mid-day trading on Monday, reaching $68.10. The company had a trading volume of 25,316,992 shares, compared to its average volume of 13,083,978. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a 50 day moving average of $64.00 and a 200 day moving average of $61.78. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $69.67. The company has a market capitalization of $293.50 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 3.80 and a beta of 0.59.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $11.78 billion. During the same quarter last year, the company posted $0.78 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Bank of America upped their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Argus increased their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Citigroup raised their price objective on Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Barclays raised their target price on Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $70.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC grew its stake in Coca-Cola by 5,503.7% in the 4th quarter. International Assets Investment Management LLC now owns 1,376,950 shares of the company’s stock valued at $81,144,000 after acquiring an additional 1,352,378 shares during the last quarter. Allworth Financial LP boosted its holdings in Coca-Cola by 10.7% in the fourth quarter. Allworth Financial LP now owns 62,521 shares of the company’s stock valued at $3,684,000 after acquiring an additional 6,058 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of Coca-Cola in the 4th quarter valued at about $114,000. 180 Wealth Advisors LLC raised its holdings in shares of Coca-Cola by 9.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 8,205 shares of the company’s stock valued at $491,000 after buying an additional 701 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Coca-Cola by 1.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,086,232 shares of the company’s stock worth $64,012,000 after purchasing an additional 13,489 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

About Coca-Cola

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.