Traders sold shares of Coca-Cola Company (The) (NYSE:KO) on strength during trading hours on Wednesday. $75.33 million flowed into the stock on the tick-up and $142.54 million flowed out of the stock on the tick-down, for a money net flow of $67.21 million out of the stock. Of all stocks tracked, Coca-Cola Company (The) had the 0th highest net out-flow for the day. Coca-Cola Company (The) traded up $0.31 for the day and closed at $45.50

KO has been the subject of a number of recent analyst reports. Barclays PLC set a $45.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a report on Wednesday, September 6th. UBS AG lifted their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Citigroup Inc. set a $53.00 price target on Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, HSBC Holdings plc lifted their price target on Coca-Cola Company (The) from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Coca-Cola Company (The) currently has an average rating of “Hold” and a consensus target price of $46.12.

The stock has a market cap of $194.16 billion, a price-to-earnings ratio of 48.07 and a beta of 0.70. The firm has a 50 day moving average price of $45.70 and a 200-day moving average price of $44.67.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. On average, equities analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a $0.37 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 154.17%.

In other Coca-Cola Company (The) news, SVP Beatriz R. Perez sold 10,000 shares of Coca-Cola Company (The) stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the transaction, the senior vice president now owns 98,718 shares in the company, valued at $4,541,028. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brian John Smith sold 100,000 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the transaction, the insider now owns 136,385 shares in the company, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 366,835 shares of company stock worth $16,874,246. 1.51% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of KO. Vanguard Group Inc. grew its position in Coca-Cola Company (The) by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after purchasing an additional 4,818,963 shares in the last quarter. BlackRock Inc. grew its position in Coca-Cola Company (The) by 0.3% during the 2nd quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after purchasing an additional 750,257 shares in the last quarter. State Street Corp grew its position in Coca-Cola Company (The) by 1.2% during the 1st quarter. State Street Corp now owns 173,789,519 shares of the company’s stock worth $7,375,663,000 after purchasing an additional 2,009,675 shares in the last quarter. Capital World Investors grew its position in Coca-Cola Company (The) by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after purchasing an additional 11,593,679 shares in the last quarter. Finally, Northern Trust Corp grew its position in Coca-Cola Company (The) by 4.5% during the 2nd quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after purchasing an additional 2,167,225 shares in the last quarter. Hedge funds and other institutional investors own 64.62% of the company’s stock.

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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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