The Coca-Cola Company SVP Ceree Eberly Unloads 13,960 Shares (KO)
The Coca-Cola Company (NYSE:KO) SVP Ceree Eberly sold 13,960 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The shares were sold at an average price of $41.00, for a total transaction of $572,360.00. Following the completion of 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 document filed with the SEC, which is available at this link.
Shares of The Coca-Cola Company (NYSE:KO) traded up 0.74% on Thursday, hitting $41.5555. 1,653,988 shares of the company’s stock traded hands. The Coca-Cola Company has a one year low of $36.83 and a one year high of $42.57. The stock has a 50-day moving average of $40.93 and a 200-day moving average of $39.99. The company has a market cap of $182.3 billion and a P/E ratio of 22.06.
The Coca-Cola Company (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.64 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.63 earnings per share. The Coca-Cola Company’s revenue was down 1.4% compared to the same quarter last year. 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. Investors 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 2.96%. 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, August 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.