Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed a $45.12 rating and issued a $49.00 price target on shares of The Coca-Cola in a report on Wednesday, July 18th. TheStreet raised The Coca-Cola from a c+ rating to a b- rating in a report on Tuesday, July 17th. HSBC reaffirmed a buy rating and issued a $61.00 price target on shares of The Coca-Cola in a report on Monday, August 20th. Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the stock a buy rating in a report on Wednesday, July 25th. Finally, SunTrust Banks upped their price target on The Coca-Cola to $55.00 and gave the stock a buy rating in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $51.43.
NYSE KO traded up $0.35 during trading hours on Friday, reaching $49.68. The company’s stock had a trading volume of 12,398,061 shares, compared to its average volume of 16,167,808. The stock has a market capitalization of $210.61 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 3.23 and a beta of 0.60. The Coca-Cola has a 1-year low of $41.45 and a 1-year high of $49.89. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.39 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.14%. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.
In other news, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $48.65, for a total value of $729,750.00. Following the completion of the sale, the insider now directly owns 68,029 shares in the company, valued at $3,309,610.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James L. Dinkins sold 8,754 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total value of $411,000.30. Following the completion of the sale, the senior vice president now owns 28,354 shares of the company’s stock, valued at $1,331,220.30. The disclosure for this sale can be found here. Insiders sold 176,354 shares of company stock valued at $8,559,188 over the last 90 days. Company insiders own 1.48% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. WP Advisors LLC purchased a new position in The Coca-Cola in the second quarter worth approximately $107,000. Westbourne Investment Advisors Inc. purchased a new position in The Coca-Cola in the third quarter worth approximately $117,000. Signature Estate & Investment Advisors LLC purchased a new position in The Coca-Cola in the second quarter worth approximately $116,000. Fort L.P. purchased a new position in The Coca-Cola in the second quarter worth approximately $122,000. Finally, Sageworth Trust Co grew its position in The Coca-Cola by 69.5% in the third quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock worth $135,000 after acquiring an additional 1,200 shares during the period. Institutional investors and hedge funds own 65.45% of the company’s stock.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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