Investors Sell The Coca-Cola (KO) on Strength (KO)
Investors sold shares of The Coca-Cola Co (NYSE:KO) on strength during trading on Thursday. $62.59 million flowed into the stock on the tick-up and $149.68 million flowed out of the stock on the tick-down, for a money net flow of $87.09 million out of the stock. Of all stocks tracked, The Coca-Cola had the 14th highest net out-flow for the day. The Coca-Cola traded up $0.16 for the day and closed at $46.01
Several equities analysts recently weighed in on KO shares. Macquarie set a $47.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Friday, September 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $50.00 price target on shares of The Coca-Cola in a research note on Thursday, July 26th. Morgan Stanley set a $49.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Tuesday, September 4th. Jefferies Financial Group reaffirmed a “hold” rating and set a $48.00 price target on shares of The Coca-Cola in a research note on Friday, August 31st. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $52.00 price target on shares of The Coca-Cola in a research note on Wednesday, September 5th. Fourteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $50.31.
The stock has a market capitalization of $194.87 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 2.82 and a beta of 0.74. The company has a current ratio of 1.15, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Thursday, September 13th. The Coca-Cola’s payout ratio is currently 81.68%.
In other news, VP Kathy N. Waller sold 48,354 shares of The Coca-Cola stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $46.45, for a total value of $2,246,043.30. Following the completion of the transaction, the vice president now directly owns 200,725 shares of the company’s stock, valued at approximately $9,323,676.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Murphy sold 111,468 shares of The Coca-Cola stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $46.46, for a total transaction of $5,178,803.28. Following the completion of the transaction, the insider now directly owns 196,337 shares of the company’s stock, valued at $9,121,817.02. The disclosure for this sale can be found here. Insiders sold a total of 215,822 shares of company stock valued at $10,027,727 in the last three months. Insiders own 1.48% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of KO. C WorldWide Group Holding A S boosted its holdings in shares of The Coca-Cola by 873.0% in the 2nd quarter. C WorldWide Group Holding A S now owns 7,630,919 shares of the company’s stock valued at $334,692,000 after buying an additional 6,846,641 shares during the period. Charles Schwab Investment Advisory Inc. acquired a new position in shares of The Coca-Cola in the 2nd quarter valued at about $206,654,000. BlackRock Inc. boosted its holdings in shares of The Coca-Cola by 1.9% in the 1st quarter. BlackRock Inc. now owns 246,505,322 shares of the company’s stock valued at $10,705,725,000 after buying an additional 4,526,566 shares during the period. Natixis boosted its holdings in shares of The Coca-Cola by 218.3% in the 2nd quarter. Natixis now owns 4,080,146 shares of the company’s stock valued at $178,955,000 after buying an additional 2,798,257 shares during the period. Finally, Findlay Park Partners LLP boosted its holdings in shares of The Coca-Cola by 21.9% in the 1st quarter. Findlay Park Partners LLP now owns 10,115,538 shares of the company’s stock valued at $439,318,000 after buying an additional 1,819,279 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
The Coca-Cola Company Profile (NYSE:KO)
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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