The Coca-Cola Company (NYSE:KO) SVP Henrique Braun Sells 52,696 Shares of Stock

The Coca-Cola Company (NYSE:KO) SVP Henrique Braun sold 52,696 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $56.97, for a total transaction of $3,002,091.12. Following the sale, the senior vice president now directly owns 26,272 shares of the company’s stock, valued at $1,496,715.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Coca-Cola Stock Performance

NYSE KO opened at $57.40 on Tuesday. The firm has a market capitalization of $248.16 billion, a P/E ratio of 23.05, a P/E/G ratio of 3.46 and a beta of 0.59. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.14 and a quick ratio of 0.97. The business’s 50-day simple moving average is $55.99 and its 200-day simple moving average is $59.26.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, October 24th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. Coca-Cola had a return on equity of 42.44% and a net margin of 23.92%. The business had revenue of $11.95 billion for the quarter, compared to the consensus estimate of $11.45 billion. Equities analysts predict that The Coca-Cola Company will post 2.68 EPS for the current year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.84 dividend on an annualized basis and a yield of 3.21%. Coca-Cola’s dividend payout ratio (DPR) is presently 73.90%.

Analyst Ratings Changes

KO has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on shares of Coca-Cola from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Citigroup decreased their price target on shares of Coca-Cola from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, October 11th. Royal Bank of Canada lifted their price target on shares of Coca-Cola from $69.00 to $70.00 in a research note on Thursday, July 27th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola from $59.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Finally, StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.20.

Institutional Trading of Coca-Cola

Hedge funds and other institutional investors have recently modified their holdings of the company. Freedom Wealth Alliance LLC acquired a new position in shares of Coca-Cola in the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC acquired a new stake in Coca-Cola during the first quarter worth approximately $25,000. Hibernia Wealth Partners LLC bought a new stake in Coca-Cola during the third quarter worth $25,000. Paladin Advisory Group LLC bought a new position in shares of Coca-Cola in the 2nd quarter valued at $28,000. Finally, Fortis Capital Advisors LLC acquired a new stake in Coca-Cola in the fourth quarter valued at $30,000. Institutional investors own 68.96% 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.