Insider Buying: The Coca-Cola Company Director Buys 2,500 Shares of Stock (KO)
The Coca-Cola Company (NYSE:KO) Director Ana Botin purchased 2,500 shares of the company’s stock on the open market in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $37.25 per share, with a total value of $93,125.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of The Coca-Cola Company (NYSE:KO) traded up 0.26% during mid-day trading on Wednesday, hitting $37.87. The stock had a trading volume of 7,060,097 shares. The Coca-Cola Company has a 52 week low of $36.83 and a 52 week high of $43.43. The stock’s 50-day moving average is $38.63 and its 200-day moving average is $39.06. The company has a market cap of $166.7 billion and a price-to-earnings ratio of 19.88.
The Coca-Cola Company (NYSE:KO) last released its earnings data on Tuesday, February 18th. The company reported $0.46 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.46. The company had revenue of $11.04 billion for the quarter, compared to the consensus estimate of $11.31 billion. Analysts expect that The Coca-Cola Company will post $2.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a positive change from The Coca-Cola Company’s previous quarterly dividend of $0.28.
KO has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of The Coca-Cola Company in a research note on Tuesday. Separately, analysts at Thomson Reuters/Verus upgraded shares of The Coca-Cola Company from a “hold” rating to a “buy” rating in a research note on Monday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Coca-Cola Company in a research note on Wednesday, February 19th. They now have a $39.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $43.69.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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