Coca-Cola Company (The) (NYSE:KO) insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the sale, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Coca-Cola Company (NYSE KO) opened at $46.54 on Friday. The firm has a market capitalization of $196,970.64, a PE ratio of 24.46, a PEG ratio of 3.91 and a beta of 0.70. Coca-Cola Company has a twelve month low of $39.88 and a twelve month high of $46.98. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. sell-side analysts forecast that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.37 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.18%. Coca-Cola Company (The)’s payout ratio is 140.95%.

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A number of brokerages have weighed in on KO. Zacks Investment Research downgraded shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Coca-Cola Company (The) in a report on Friday, July 14th. BidaskClub raised shares of Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reissued a “hold” rating and issued a $42.00 price target on shares of Coca-Cola Company (The) in a report on Thursday, August 24th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $46.00 price target (up from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company’s stock. Coca-Cola Company (The) has a consensus rating of “Hold” and an average price target of $47.16.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Advisors Inc. grew its stake in shares of Coca-Cola Company (The) by 0.3% in the 2nd quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock valued at $365,000 after buying an additional 26 shares in the last quarter. Alpha Windward LLC grew its stake in shares of Coca-Cola Company (The) by 0.4% in the 2nd quarter. Alpha Windward LLC now owns 7,693 shares of the company’s stock valued at $345,000 after buying an additional 34 shares in the last quarter. Lyell Wealth Management LP grew its stake in shares of Coca-Cola Company (The) by 0.6% in the 2nd quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock valued at $359,000 after buying an additional 50 shares in the last quarter. Regentatlantic Capital LLC grew its stake in shares of Coca-Cola Company (The) by 0.4% in the 2nd quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock valued at $710,000 after buying an additional 64 shares in the last quarter. Finally, Vigilant Capital Management LLC grew its stake in shares of Coca-Cola Company (The) by 1.9% in the 2nd quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after buying an additional 68 shares in the last quarter. 64.79% of the stock is owned by institutional investors and hedge funds.

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)

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