Coca-Cola Co (The) (NYSE:KO) declared a quarterly dividend on Thursday, October 15th, RTT News reports. Stockholders of record on Tuesday, December 1st will be given a dividend of 0.41 per share on Tuesday, December 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Monday, November 30th.
Coca-Cola has increased its dividend by 14.3% over the last three years and has increased its dividend every year for the last 1 years.
NYSE KO opened at $50.03 on Friday. The firm has a market capitalization of $214.90 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 5.91 and a beta of 0.55. The company has a 50-day simple moving average of $49.97 and a 200-day simple moving average of $47.25. Coca-Cola has a one year low of $36.27 and a one year high of $60.13. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.96 and a current ratio of 1.09.
Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.26 billion. Coca-Cola had a net margin of 26.77% and a return on equity of 41.44%. Coca-Cola’s quarterly revenue was down 28.0% compared to the same quarter last year. During the same period last year, the firm posted $0.63 EPS. Equities analysts forecast that Coca-Cola will post 1.79 earnings per share for the current year.
Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Coca-Cola from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research report on Tuesday, September 22nd. Morgan Stanley upgraded shares of Coca-Cola from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $54.00 in a research report on Wednesday, July 22nd. They noted that the move was a valuation call. Finally, Bank of America reiterated a “buy” rating and issued a $53.00 price objective on shares of Coca-Cola in a research report on Friday, July 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $54.19.
In other news, Director David B. Weinberg sold 50,000 shares of Coca-Cola stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $48.02, for a total value of $2,401,000.00. Following the transaction, the director now directly owns 355,214 shares of the company’s stock, valued at $17,057,376.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Robert Edward Long sold 37,534 shares of Coca-Cola stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $48.21, for a total transaction of $1,809,514.14. Following the completion of the transaction, the senior vice president now directly owns 82,502 shares in the company, valued at $3,977,421.42. The disclosure for this sale can be found here. Insiders sold a total of 836,439 shares of company stock worth $40,380,407 over the last quarter. Insiders own 1.01% of the company’s stock.
Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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