The Coca-Cola Co (NYSE:KO) Insider Francisco Crespo Sells 125,948 Shares

The Coca-Cola Co (NYSE:KO) insider Francisco Crespo sold 125,948 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $50.00, for a total transaction of $6,297,400.00. Following the sale, the insider now owns 186,631 shares of the company’s stock, valued at approximately $9,331,550. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Francisco Crespo also recently made the following trade(s):

  • On Tuesday, April 30th, Francisco Crespo sold 16,426 shares of The Coca-Cola stock. The shares were sold at an average price of $49.00, for a total transaction of $804,874.00.

KO stock traded down $0.16 during mid-day trading on Friday, hitting $50.92. 16,339,865 shares of the company were exchanged, compared to its average volume of 12,180,831. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The company has a market cap of $217.91 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 3.50 and a beta of 0.50. The business has a 50 day simple moving average of $50.19. The Coca-Cola Co has a 1-year low of $43.31 and a 1-year high of $52.20.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. During the same period last year, the company earned $0.47 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that The Coca-Cola Co will post 2.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.14%. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.

A number of institutional investors and hedge funds have recently modified their holdings of KO. Van ECK Associates Corp boosted its position in The Coca-Cola by 14.8% during the fourth quarter. Van ECK Associates Corp now owns 98,108 shares of the company’s stock worth $4,645,000 after purchasing an additional 12,660 shares during the period. Northeast Investment Management boosted its position in The Coca-Cola by 4.4% during the fourth quarter. Northeast Investment Management now owns 42,961 shares of the company’s stock worth $2,034,000 after purchasing an additional 1,818 shares during the period. Armbruster Capital Management Inc. boosted its position in The Coca-Cola by 1.9% during the first quarter. Armbruster Capital Management Inc. now owns 13,602 shares of the company’s stock worth $637,000 after purchasing an additional 250 shares during the period. Cypress Wealth Services LLC boosted its position in The Coca-Cola by 1.1% during the first quarter. Cypress Wealth Services LLC now owns 98,036 shares of the company’s stock worth $4,594,000 after purchasing an additional 1,066 shares during the period. Finally, Berman Capital Advisors LLC boosted its position in The Coca-Cola by 40.4% during the fourth quarter. Berman Capital Advisors LLC now owns 13,429 shares of the company’s stock worth $635,000 after purchasing an additional 3,865 shares during the period. Institutional investors and hedge funds own 66.79% of the company’s stock.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Deutsche Bank reaffirmed a “buy” rating and issued a $53.00 target price on shares of The Coca-Cola in a research note on Thursday, April 18th. ValuEngine raised shares of The Coca-Cola from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, HSBC lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $64.00 to $50.00 in a research note on Tuesday, March 12th. They noted that the move was a valuation call. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The Coca-Cola has a consensus rating of “Hold” and a consensus target price of $51.05.

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

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