The Coca-Cola Co (NYSE:KO) SVP Francisco Crespo sold 54,200 shares of The Coca-Cola stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $48.50, for a total transaction of $2,628,700.00. Following the transaction, the senior vice president now directly owns 96,026 shares in the company, valued at $4,657,261. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
KO traded down $0.08 during trading on Thursday, hitting $49.29. The stock had a trading volume of 362,494 shares, compared to its average volume of 16,251,670. The company has a market cap of $209.50 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 3.22 and a beta of 0.60. The Coca-Cola Co has a twelve month low of $41.45 and a twelve month high of $49.55. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26.
The Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The Coca-Cola’s revenue was down 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. On average, sell-side analysts expect that The Coca-Cola Co will post 2.08 EPS for the current year.
Several brokerages recently issued reports on KO. TheStreet raised shares of The Coca-Cola from a “c+” rating to a “b-” rating in a report on Tuesday, July 17th. Gabelli reissued a “hold” rating on shares of The Coca-Cola in a report on Thursday, July 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $50.00 price objective on shares of The Coca-Cola in a report on Thursday, July 26th. Morningstar set a $49.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Tuesday. Finally, ValuEngine raised shares of The Coca-Cola from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $51.22.
Several large investors have recently bought and sold shares of KO. Principal Financial Group Inc. lifted its stake in shares of The Coca-Cola by 8.7% during the first quarter. Principal Financial Group Inc. now owns 8,128,273 shares of the company’s stock worth $353,011,000 after buying an additional 648,091 shares during the period. Empirical Finance LLC lifted its stake in shares of The Coca-Cola by 41.6% during the second quarter. Empirical Finance LLC now owns 6,752 shares of the company’s stock worth $296,000 after buying an additional 1,983 shares during the period. Fisher Asset Management LLC lifted its stake in shares of The Coca-Cola by 1.7% during the second quarter. Fisher Asset Management LLC now owns 558,855 shares of the company’s stock worth $24,511,000 after buying an additional 9,586 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of The Coca-Cola by 1.5% during the second quarter. Capital Investment Advisors LLC now owns 206,081 shares of the company’s stock worth $9,039,000 after buying an additional 3,076 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of The Coca-Cola by 1.7% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 106,669 shares of the company’s stock worth $4,678,000 after buying an additional 1,800 shares during the period. Institutional investors and hedge funds own 65.45% of the company’s stock.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plantbased beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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