Traders sold shares of Coca-Cola Company (The) (NYSE:KO) on strength during trading hours on Wednesday. $42.08 million flowed into the stock on the tick-up and $85.43 million flowed out of the stock on the tick-down, for a money net flow of $43.35 million out of the stock. Of all equities tracked, Coca-Cola Company (The) had the 19th highest net out-flow for the day. Coca-Cola Company (The) traded up $0.01 for the day and closed at $46.20

A number of research firms recently commented on KO. Deutsche Bank AG reiterated a “hold” rating and issued a $46.00 target price (up from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Friday, July 28th. BMO Capital Markets decreased their target price on Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating on the stock in a research report on Monday, July 31st. Vetr downgraded Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 target price on the stock. in a research report on Monday, June 5th. Finally, BidaskClub upgraded Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $45.70.

The stock’s 50 day moving average price is $45.21 and its 200 day moving average price is $43.68. The company has a market cap of $197.06 billion, a price-to-earnings ratio of 48.79 and a beta of 0.69. Coca-Cola Company (The) also was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 19,279 call options on the stock. This is an increase of approximately 223% compared to the typical daily volume of 5,965 call options.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. Analysts predict that Coca-Cola Company will post $1.90 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is presently 154.17%.

In other news, insider Robert Edward Long sold 26,470 shares of Coca-Cola Company (The) stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $45.88, for a total transaction of $1,214,443.60. Following the sale, the insider now owns 45,393 shares of the company’s stock, valued at approximately $2,082,630.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Irial Finan sold 354,146 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the sale, the insider now directly owns 780,258 shares in the company, valued at approximately $35,111,610. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 650,263 shares of company stock worth $29,524,363. Corporate insiders own 1.51% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in KO. Vanguard Group Inc. raised its stake in shares of Coca-Cola Company (The) by 1.8% in the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after buying an additional 4,818,963 shares during the last quarter. BlackRock Inc. raised its stake in shares of Coca-Cola Company (The) by 0.3% in the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after buying an additional 750,257 shares during the last quarter. State Street Corp raised its stake in shares of Coca-Cola Company (The) by 1.2% in the first quarter. State Street Corp now owns 173,789,519 shares of the company’s stock worth $7,375,663,000 after buying an additional 2,009,675 shares during the last quarter. Capital World Investors raised its stake in shares of Coca-Cola Company (The) by 8.9% in the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after buying an additional 11,593,679 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Coca-Cola Company (The) by 4.5% in the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after buying an additional 2,167,225 shares during the last quarter. 63.80% of the stock is currently 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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