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Grab This Deal Even Lower Than Chief People Officer & SVP Chang Did

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There’s an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 13, Coca-Cola Co ‘s Chief People Officer & SVP, Lisa Chang, invested $26,618.10 into 500 shares of KO, for a cost per share of $53.24. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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In trading on Wednesday, bargain hunters could buy shares of Coca-Cola Co and achieve a cost basis even cheaper than Chang, with shares changing hands as low as $52.93 per share. It should be noted that Chang has collected $0.40/share in dividends since the time of their purchase, so they are currently up 0.2% on their purchase from a total return basis. Coca-Cola Co shares are currently trading down about 3% on the day.

KO’s low point in its 52 week range is $44.25 per share, with $55.92 as the 52 week high point — that compares with a last trade of $53.00.  The current annualized dividend paid by Coca-Cola Co is $1.6/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/13/2019. Below is a long-term dividend history chart for KO, which can be of good help in judging whether the most recent dividend with approx. 2.9% annualized yield is likely to continue.

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