Irial Finan Unloads 250,000 Shares of The Coca-Cola Company Stock (KO)
The Coca-Cola Company (NYSE:KO) EVP Irial Finan sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $41.61, for a total transaction of $10,402,500.00. Following the completion of the transaction, the executive vice president now directly owns 327,366 shares in the company, valued at approximately $13,621,699. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
KO has been the subject of a number of recent research reports. Analysts at Brasil Plural initiated coverage on shares of The Coca-Cola Company in a research note on Monday, August 25th. They set an “overweight” rating and a $46.00 price target on the stock. Separately, 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, August 18th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of The Coca-Cola Company in a research note on Monday, August 18th. They now have a $46.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.50.
The Coca-Cola Company (NYSE:KO) traded up 0.22% on Thursday, hitting $41.87. 15,074,371 shares of the company’s stock traded hands. The Coca-Cola Company has a 52 week low of $36.83 and a 52 week high of $42.57. The stock has a 50-day moving average of $40.78 and a 200-day moving average of $40.22. The company has a market cap of $183.6 billion and a P/E ratio of 22.34. The Coca-Cola Company also saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 49,968,050 shares, a decline of 20.4% from the July 31st total of 62,797,788 shares. Based on an average trading volume of 13,544,871 shares, the days-to-cover ratio is currently 3.7 days. Approximately 1.2% of the shares of the company are short sold.
The Coca-Cola Company (NYSE:KO) last announced its 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 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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