Investors Buy The Coca-Cola (KO) on Weakness

Traders purchased shares of The Coca-Cola Co (NYSE:KO) on weakness during trading on Wednesday. $118.20 million flowed into the stock on the tick-up and $52.62 million flowed out of the stock on the tick-down, for a money net flow of $65.58 million into the stock. Of all equities tracked, The Coca-Cola had the 16th highest net in-flow for the day. The Coca-Cola traded down ($0.16) for the day and closed at $46.07

Several research firms recently commented on KO. Jefferies Group set a $47.00 price target on The Coca-Cola and gave the company a “neutral” rating in a report on Friday, October 13th. increased their price target on The Coca-Cola from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, September 27th. BMO Capital Markets reaffirmed a “hold” rating and issued a $47.00 price target on shares of The Coca-Cola in a report on Friday, October 27th. JPMorgan Chase & Co. set a $48.00 price target on The Coca-Cola and gave the company a “neutral” rating in a report on Friday, December 15th. Finally, Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the company a “sell” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $49.01.

The stock has a market cap of $197,310.00, a PE ratio of 43.85, a P/E/G ratio of 3.75 and a beta of 0.70. 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 Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The business had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was down 14.6% on a year-over-year basis. research analysts predict that The Coca-Cola Co will post 1.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.21%. The Coca-Cola’s dividend payout ratio is currently 140.95%.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.51% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. boosted its holdings in The Coca-Cola by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after purchasing an additional 1,026 shares during the period. Veritas Investment Management LLP purchased a new stake in The Coca-Cola during the 3rd quarter worth about $135,000. Spectrum Management Group Inc. purchased a new stake in The Coca-Cola during the 3rd quarter worth about $137,000. Legacy Advisors LLC purchased a new stake in The Coca-Cola during the 3rd quarter worth about $139,000. Finally, Almanack Investment Partners LLC. purchased a new stake in The Coca-Cola during the 2nd quarter worth about $142,000. Hedge funds and other institutional investors own 65.30% of the company’s stock.

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The Coca-Cola Company Profile

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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