CocaCola (NYSE:KO) EVP Monica Howard Douglas Sells 13,548 Shares of Stock

CocaCola Company (The) (NYSE:KO) EVP Monica Howard Douglas sold 13,548 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $69.93, for a total value of $947,411.64. Following the completion of the transaction, the executive vice president directly owned 37,725 shares in the company, valued at $2,638,109.25. This trade represents a 26.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CocaCola Stock Up 0.2%

Shares of NYSE KO opened at $70.23 on Wednesday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm has a market cap of $302.09 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.66 and a beta of 0.43. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. The stock’s 50-day simple moving average is $67.84 and its 200-day simple moving average is $69.73.

CocaCola (NYSE:KO) last announced its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.The business had revenue of $11.40 billion for the quarter. As a group, equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s payout ratio is presently 67.55%.

Institutional Trading of CocaCola

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC boosted its stake in CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after acquiring an additional 293 shares during the period. Golden State Wealth Management LLC boosted its stake in CocaCola by 21.0% in the first quarter. Golden State Wealth Management LLC now owns 4,154 shares of the company’s stock valued at $298,000 after acquiring an additional 720 shares during the period. Convergence Financial LLC acquired a new position in CocaCola in the first quarter valued at approximately $235,000. Finally, Verity Asset Management Inc. boosted its stake in CocaCola by 82.7% in the first quarter. Verity Asset Management Inc. now owns 15,728 shares of the company’s stock valued at $1,126,000 after acquiring an additional 7,119 shares during the period. 70.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KO has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. UBS Group lowered their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $78.31.

About CocaCola

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.