Coca-Cola Company (The) (NYSE:KO) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $47.33 and last traded at $46.72, with a volume of 7653500 shares trading hands. The stock had previously closed at $46.54.

A number of research firms have recently issued reports on KO. Credit Suisse Group restated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a report on Monday, July 24th. Macquarie began coverage on shares of Coca-Cola Company (The) in a report on Friday, September 15th. They set a “neutral” rating and a $47.00 price target on the stock. Wells Fargo & Company upgraded shares of Coca-Cola Company (The) from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $46.72 to $51.00 in a report on Tuesday. Zacks Investment Research lowered shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $47.50.

The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The firm has a market cap of $198,291.45, a price-to-earnings ratio of 24.62, a PEG ratio of 3.94 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. Coca-Cola Company (The) had a net margin of 12.20% and a return on equity of 36.21%. Coca-Cola Company (The)’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. sell-side analysts predict that Coca-Cola Company will post 1.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the sale, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian John Smith sold 100,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the sale, the insider now directly owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The disclosure for this sale can be found here. 1.51% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Coca-Cola Company (The) by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after purchasing an additional 4,818,963 shares during the period. BlackRock Inc. boosted its holdings in Coca-Cola Company (The) by 0.3% in the 2nd quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock valued at $10,839,247,000 after purchasing an additional 750,257 shares during the period. State Street Corp boosted its holdings in Coca-Cola Company (The) by 1.2% in the 1st quarter. State Street Corp now owns 173,789,519 shares of the company’s stock valued at $7,375,663,000 after purchasing an additional 2,009,675 shares during the period. Capital World Investors boosted its holdings in Coca-Cola Company (The) by 8.9% in the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after purchasing an additional 11,593,679 shares during the period. Finally, Northern Trust Corp boosted its holdings in Coca-Cola Company (The) by 4.5% in the 2nd quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock valued at $2,276,647,000 after purchasing an additional 2,167,225 shares during the period. 64.92% of the stock is owned by hedge funds and other institutional investors.

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About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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