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 Wednesday. $77.57 million flowed into the stock on the tick-up and $196.89 million flowed out of the stock on the tick-down, for a money net flow of $119.32 million out of the stock. Of all companies tracked, The Coca-Cola had the 0th highest net out-flow for the day. The Coca-Cola traded up $0.17 for the day and closed at $46.22
A number of equities analysts have commented on KO shares. Zacks Investment Research raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Tuesday, January 8th. Bank of America set a $55.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research note on Friday, December 14th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $56.00 price target on shares of The Coca-Cola in a research note on Monday, November 19th. Morgan Stanley set a $48.00 price target on The Coca-Cola and gave the stock a “hold” rating in a research note on Friday, February 15th. Finally, ValuEngine cut The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $50.60.
The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 1.33. The stock has a market cap of $194.95 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 3.10 and a beta of 0.51.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, March 14th. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.50%. The Coca-Cola’s payout ratio is currently 75.00%.
In other news, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the transaction, the senior vice president now owns 92,645 shares in the company, valued at $4,493,282.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Beatriz R. Perez sold 21,742 shares of the business’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $48.76, for a total value of $1,060,139.92. Following the completion of the transaction, the insider now owns 92,645 shares of the company’s stock, valued at approximately $4,517,370.20. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Mraz Amerine & Associates Inc. grew its holdings in The Coca-Cola by 0.4% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 47,568 shares of the company’s stock valued at $2,252,000 after purchasing an additional 208 shares during the period. Reynders McVeigh Capital Management LLC grew its holdings in The Coca-Cola by 0.9% during the third quarter. Reynders McVeigh Capital Management LLC now owns 22,977 shares of the company’s stock valued at $1,061,000 after purchasing an additional 213 shares during the period. Cordasco Financial Network grew its holdings in The Coca-Cola by 26.1% during the fourth quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock valued at $49,000 after purchasing an additional 214 shares during the period. Windsor Group LTD grew its holdings in The Coca-Cola by 1.7% during the fourth quarter. Windsor Group LTD now owns 13,672 shares of the company’s stock valued at $647,000 after purchasing an additional 222 shares during the period. Finally, United Capital Management of KS Inc. grew its holdings in The Coca-Cola by 2.3% during the fourth quarter. United Capital Management of KS Inc. now owns 10,020 shares of the company’s stock valued at $474,000 after purchasing an additional 229 shares during the period. Hedge funds and other institutional investors own 66.99% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Traders Sell Shares of The Coca-Cola (KO) on Strength (KO)” was published by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/traders-sell-shares-of-the-coca-cola-ko-on-strength-ko/2892439.html.
The Coca-Cola Company Profile (NYSE:KO)
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantbased 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.
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.