The Coca-Cola Company SVP Ceree Eberly Sells 13,960 Shares (KO)
The Coca-Cola Company (NYSE:KO) SVP Ceree Eberly sold 13,960 shares of The Coca-Cola Company stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $41.00, for a total value of $572,360.00. Following the sale, the senior vice president now directly owns 34,364 shares of the company’s stock, valued at approximately $1,408,924. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of The Coca-Cola Company (NYSE:KO) traded down 0.22% on Tuesday, hitting $41.26. The stock had a trading volume of 10,214,477 shares. The Coca-Cola Company has a 52 week low of $36.83 and a 52 week high of $42.57. The stock’s 50-day moving average is $40.99 and its 200-day moving average is $39.94. The company has a market cap of $181.0 billion and a price-to-earnings ratio of 22.11.
The Coca-Cola Company (NYSE:KO) last announced its earnings results on Tuesday, July 22nd. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.01. The company had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.82 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts predict that The Coca-Cola Company will post $2.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Thursday, September 11th.
A number of research firms have recently commented on KO. Analysts at Jefferies Group downgraded shares of The Coca-Cola Company from a “buy” rating to a “hold” rating in a research note on Monday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of The Coca-Cola Company in a research note on Monday. They now have a $46.00 price target on the stock. Finally, analysts at Goldman Sachs reiterated a “positive” rating on shares of The Coca-Cola Company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.44.
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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