Insider Selling: The Coca-Cola Co (NYSE:KO) Insider Sells 9,000 Shares of Stock
The Coca-Cola Co (NYSE:KO) insider Jennifer K. Mann sold 9,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $51.88, for a total value of $466,920.00. Following the completion of the sale, the insider now directly owns 41,049 shares in the company, valued at approximately $2,129,622.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of The Coca-Cola stock traded up $0.73 during trading hours on Wednesday, reaching $52.06. The stock had a trading volume of 2,487,310 shares, compared to its average volume of 14,685,640. The company has a market cap of $219.66 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 3.46 and a beta of 0.50. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.91. The Coca-Cola Co has a 1 year low of $42.96 and a 1 year high of $52.19.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. The Coca-Cola had a return on equity of 45.12% and a net margin of 20.91%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. Research analysts anticipate that The Coca-Cola Co will post 2.1 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in KO. Prime Capital Investment Advisors LLC purchased a new stake in shares of The Coca-Cola during the 1st quarter valued at about $28,000. Orrstown Financial Services Inc. grew its stake in The Coca-Cola by 230.8% during the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after purchasing an additional 517 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new stake in The Coca-Cola during the 1st quarter valued at approximately $35,000. Transamerica Financial Advisors Inc. grew its stake in The Coca-Cola by 567.7% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock valued at $41,000 after purchasing an additional 721 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in The Coca-Cola during the 4th quarter valued at approximately $45,000. Institutional investors own 66.83% of the company’s stock.
KO has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a research note on Wednesday, February 13th. Deutsche Bank reiterated a “buy” rating and set a $53.00 target price on shares of The Coca-Cola in a research report on Thursday, April 18th. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Friday, April 26th. ValuEngine upgraded The Coca-Cola from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Barclays set a $54.00 target price on The Coca-Cola and gave the stock a “buy” rating in a research report on Thursday, May 16th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The Coca-Cola currently has an average rating of “Hold” and a consensus target price of $51.05.
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The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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