Investors Sell Shares of Coca-Cola (KO) on Strength (KO)

Investors sold shares of Coca-Cola Company (The) (NYSE:KO) on strength during trading hours on Monday. $74.06 million flowed into the stock on the tick-up and $240.24 million flowed out of the stock on the tick-down, for a money net flow of $166.18 million out of the stock. Of all equities tracked, Coca-Cola had the 0th highest net out-flow for the day. Coca-Cola traded up $0.26 for the day and closed at $46.23

A number of brokerages recently weighed in on KO. Susquehanna Bancshares set a $41.00 price objective on shares of Coca-Cola and gave the company a “hold” rating in a report on Wednesday, November 15th. Goldman Sachs Group set a $45.00 price objective on shares of Coca-Cola and gave the company a “sell” rating in a report on Wednesday, November 15th. J P Morgan Chase & Co set a $49.00 price objective on shares of Coca-Cola and gave the company a “neutral” rating in a report on Thursday, November 16th. Wells Fargo & Company upgraded shares of Coca-Cola from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Finally, Royal Bank Of Canada set a $49.00 price objective on shares of Coca-Cola and gave the company a “buy” rating in a report on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $47.80.

The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $196,970.64, a PE ratio of 24.46, a PEG ratio of 3.91 and a beta of 0.70.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The firm had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. equities research analysts expect that Coca-Cola Company will post 1.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Thursday, November 30th. Coca-Cola’s payout ratio is currently 140.95%.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of Coca-Cola stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the transaction, the insider now owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.51% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC lifted its stake in shares of Coca-Cola by 257.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 15,691 shares of the company’s stock valued at $706,000 after purchasing an additional 11,297 shares during the period. Institutional & Family Asset Management LLC lifted its stake in shares of Coca-Cola by 25.7% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 17,850 shares of the company’s stock valued at $803,000 after purchasing an additional 3,652 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Coca-Cola in the 3rd quarter valued at $4,133,000. Public Employees Retirement System of Ohio lifted its stake in shares of Coca-Cola by 1.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,736,024 shares of the company’s stock valued at $123,148,000 after purchasing an additional 41,707 shares during the period. Finally, Truepoint Inc. lifted its stake in shares of Coca-Cola by 3,845.2% in the 3rd quarter. Truepoint Inc. now owns 571,069 shares of the company’s stock valued at $571,000 after purchasing an additional 556,594 shares during the period. 65.38% of the stock is currently owned by institutional investors.

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About Coca-Cola

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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