Traders Sell Shares of The Coca-Cola (KO) on Strength (KO)
Traders sold shares of The Coca-Cola Co (NYSE:KO) on strength during trading on Friday. $39.59 million flowed into the stock on the tick-up and $112.35 million flowed out of the stock on the tick-down, for a money net flow of $72.76 million out of the stock. Of all stocks tracked, The Coca-Cola had the 0th highest net out-flow for the day. The Coca-Cola traded up $0.16 for the day and closed at $45.99
KO has been the topic of a number of research reports. Macquarie set a $47.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $50.00 price target on shares of The Coca-Cola in a research report on Thursday, July 26th. Morgan Stanley set a $49.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Tuesday, September 4th. Jefferies Financial Group reiterated a “hold” rating and set a $48.00 price target on shares of The Coca-Cola in a research report on Friday, August 31st. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $52.00 price target on shares of The Coca-Cola in a research report on Wednesday, September 5th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $50.31.
The firm has a market capitalization of $197.26 billion, a PE ratio of 23.47, a P/E/G ratio of 2.85 and a beta of 0.74. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 1.06.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, September 13th. The Coca-Cola’s payout ratio is currently 81.68%.
In other The Coca-Cola news, VP Kathy N. Waller sold 48,354 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Murphy sold 56,000 shares of the stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $46.48, for a total value of $2,602,880.00. Following the transaction, the insider now directly owns 140,869 shares of the company’s stock, valued at $6,547,591.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 215,822 shares of company stock valued at $10,027,727. 1.48% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Clarus Wealth Advisors acquired a new stake in shares of The Coca-Cola during the 2nd quarter valued at $101,000. WP Advisors LLC acquired a new stake in shares of The Coca-Cola during the 2nd quarter valued at $107,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of The Coca-Cola during the 2nd quarter valued at $116,000. Fort L.P. acquired a new stake in shares of The Coca-Cola during the 2nd quarter valued at $122,000. Finally, BDO Wealth Advisors LLC lifted its position in shares of The Coca-Cola by 104.9% during the 2nd quarter. BDO Wealth Advisors LLC now owns 3,163 shares of the company’s stock valued at $139,000 after acquiring an additional 1,619 shares during the last quarter. 65.41% of the stock is owned by hedge funds and other institutional investors.
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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