Coca-Cola Company (The) (KO) Sets New 1-Year High at $46.56

Coca-Cola Company (The) (NYSE:KO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $46.56 and last traded at $46.57, with a volume of 4,933,993 shares trading hands. The stock had previously closed at $46.30.

Several research analysts recently commented on the company. Morgan Stanley set a $45.00 target price on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Monday, May 15th. Barclays PLC set a $45.00 target price on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Monday, May 15th. UBS AG reissued a “buy” rating and set a $48.00 target price on shares of Coca-Cola Company (The) in a research note on Monday, May 15th. Morningstar, Inc. reissued a “neutral” rating on shares of Coca-Cola Company (The) in a research note on Monday, May 29th. Finally, Vetr cut Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 target price for the company. in a research note on Monday, June 5th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.79.

The firm has a market capitalization of $198.55 billion, a price-to-earnings ratio of 49.16 and a beta of 0.71. The stock has a 50-day moving average price of $45.71 and a 200 day moving average price of $44.21.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion for 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 for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.20%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

In related news, insider Jennifer K. Mann sold 8,819 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $45.61, for a total transaction of $402,234.59. Following the sale, the insider now owns 30,553 shares of the company’s stock, valued at $1,393,522.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Beatriz R. Perez sold 29,282 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the sale, the insider now directly owns 118,000 shares in the company, valued at approximately $5,333,600. The disclosure for this sale can be found here. In the last three months, insiders have sold 396,117 shares of company stock worth $18,197,793. 1.51% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Coca-Cola Company (The) by 1.8% in the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after buying an additional 4,818,963 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Coca-Cola Company (The) by 0.3% in the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock valued at $10,839,247,000 after buying an additional 750,257 shares in the last quarter. State Street Corp increased its holdings in shares of Coca-Cola Company (The) by 1.2% in the first quarter. State Street Corp now owns 173,789,519 shares of the company’s stock valued at $7,375,663,000 after buying an additional 2,009,675 shares in the last quarter. Capital World Investors increased its holdings in shares of Coca-Cola Company (The) by 8.9% in the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after buying an additional 11,593,679 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Coca-Cola Company (The) by 4.5% in the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock valued at $2,276,647,000 after buying an additional 2,167,225 shares in the last quarter. 64.68% of the stock is currently owned by institutional investors.

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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.

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