The Coca-Cola (KO) Reaches New 12-Month High at $48.67

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The Coca-Cola Co (NYSE:KO) shares reached a new 52-week high on Monday . The stock traded as high as $48.67 and last traded at $48.67, with a volume of 7549871 shares traded. The stock had previously closed at $48.00.

KO has been the subject of several research analyst reports. Jefferies Financial Group restated a “neutral” rating and set a $45.00 price target on shares of The Coca-Cola in a research report on Tuesday, July 10th. Macquarie set a $47.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Wednesday, July 11th. Stifel Nicolaus restated a “neutral” rating and set a $49.00 price target on shares of The Coca-Cola in a research report on Monday, July 16th. JPMorgan Chase & Co. restated a “$45.12” rating and set a $49.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 18th. Finally, TheStreet upgraded shares of The Coca-Cola from a “c+” rating to a “b-” rating in a research report on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $51.22.

The firm has a market cap of $204.76 billion, a P/E ratio of 25.71, a PEG ratio of 3.14 and a beta of 0.60. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The Coca-Cola’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, research analysts expect that The Coca-Cola Co will post 2.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.39 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 3.18%. The Coca-Cola’s payout ratio is 81.68%.

In other news, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total value of $479,800.00. Following the completion of the sale, the senior vice president now owns 92,645 shares of the company’s stock, valued at approximately $4,445,107.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian John Smith sold 43,000 shares of the stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $48.00, for a total transaction of $2,064,000.00. Following the completion of the sale, the insider now directly owns 123,908 shares of the company’s stock, valued at approximately $5,947,584. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,754 shares of company stock valued at $2,954,800. 1.48% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of KO. WP Advisors LLC purchased a new stake in shares of The Coca-Cola in the 2nd quarter valued at approximately $107,000. Signature Estate & Investment Advisors LLC purchased a new stake in shares of The Coca-Cola in the 2nd quarter valued at approximately $116,000. Westbourne Investment Advisors Inc. purchased a new position in shares of The Coca-Cola during the 3rd quarter worth approximately $117,000. Fort L.P. purchased a new position in shares of The Coca-Cola during the 2nd quarter worth approximately $122,000. Finally, Sageworth Trust Co boosted its position in shares of The Coca-Cola by 69.5% during the 3rd quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock worth $135,000 after purchasing an additional 1,200 shares during the period. 65.45% of the stock is owned by institutional investors and hedge funds.

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About The Coca-Cola (NYSE:KO)

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 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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