Coca-Cola Company (The) (NYSE:KO) insider Jennifer K. Mann sold 8,819 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $45.61, for a total value of $402,234.59. Following the completion of the sale, the insider now owns 30,553 shares in the company, valued at approximately $1,393,522.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The business’s revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/coca-cola-company-the-nyseko-insider-sells-402234-59-in-stock/1466113.html.

A number of research firms have recently issued reports on KO. BidaskClub downgraded Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Stifel Nicolaus reissued a “hold” rating and set a $41.00 price target on shares of Coca-Cola Company (The) in a research report on Monday, April 24th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $41.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday, April 26th. Wells Fargo & Company reissued a “market perform” rating and set a $43.00 price target on shares of Coca-Cola Company (The) in a research report on Friday, April 28th. Finally, Zacks Investment Research raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $45.70.

Hedge funds have recently made changes to their positions in the stock. Portfolio Solutions LLC purchased a new stake in shares of Coca-Cola Company (The) during the first quarter worth about $108,000. Signature Estate & Investment Advisors LLC boosted its stake in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after buying an additional 1,026 shares during the period. Eagle Ridge Investment Management purchased a new stake in shares of Coca-Cola Company (The) during the second quarter worth about $138,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Coca-Cola Company (The) by 8.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after buying an additional 264 shares during the period. 63.68% of the stock is owned by hedge funds and other institutional investors.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Insider Buying and Selling by Quarter for Coca-Cola Company (The) (NYSE:KO)

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.