Investors sold shares of The Coca-Cola Co (NYSE:KO) on strength during trading on Wednesday. $65.96 million flowed into the stock on the tick-up and $129.99 million flowed out of the stock on the tick-down, for a money net flow of $64.03 million out of the stock. Of all stocks tracked, The Coca-Cola had the 19th highest net out-flow for the day. The Coca-Cola traded up $0.62 for the day and closed at $45.38
KO has been the subject of a number of research reports. Royal Bank of Canada set a $56.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a report on Wednesday, July 25th. SunTrust Banks raised their price objective on shares of The Coca-Cola to $55.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Goldman Sachs Group set a $45.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Wednesday, July 25th. Argus upgraded shares of The Coca-Cola to a “hold” rating in a report on Friday, August 24th. Finally, Zacks Investment Research lowered shares of The Coca-Cola from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Fourteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $50.28.
The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.15. The firm has a market capitalization of $190.13 billion, a PE ratio of 23.70, a P/E/G ratio of 2.75 and a beta of 0.75.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, July 25th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The firm had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same quarter last year, the business earned $0.59 EPS. The company’s revenue was down 8.3% compared to the same quarter last year. equities analysts forecast that The Coca-Cola Co will post 2.07 earnings per share for the current year.
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 issued a dividend of $0.39 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.56 annualized dividend and a yield of 3.44%. The Coca-Cola’s payout ratio is 81.68%.
In other news, VP Kathy N. Waller sold 48,354 shares of The Coca-Cola stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $46.45, for a total value of $2,246,043.30. Following the completion of the sale, the vice president now owns 200,725 shares in the company, valued at approximately $9,323,676.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Murphy sold 111,468 shares of The Coca-Cola stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $46.46, for a total transaction of $5,178,803.28. Following the completion of the sale, the insider now owns 196,337 shares of the company’s stock, valued at approximately $9,121,817.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 215,822 shares of company stock valued at $10,027,727. Company insiders own 1.48% of the company’s stock.
Several large investors have recently added to or reduced their stakes in KO. BlackRock Inc. grew its position in The Coca-Cola by 1.9% in the 1st quarter. BlackRock Inc. now owns 246,505,322 shares of the company’s stock valued at $10,705,725,000 after purchasing an additional 4,526,566 shares during the period. Morgan Stanley grew its position in The Coca-Cola by 3.6% in the 2nd quarter. Morgan Stanley now owns 38,959,393 shares of the company’s stock valued at $1,708,760,000 after purchasing an additional 1,336,852 shares during the period. Suntrust Banks Inc. grew its position in The Coca-Cola by 1.3% in the 1st quarter. Suntrust Banks Inc. now owns 20,136,587 shares of the company’s stock valued at $874,530,000 after purchasing an additional 265,918 shares during the period. Janus Henderson Group PLC grew its position in The Coca-Cola by 1.9% in the 2nd quarter. Janus Henderson Group PLC now owns 15,923,120 shares of the company’s stock valued at $698,396,000 after purchasing an additional 299,933 shares during the period. Finally, Swiss National Bank grew its position in The Coca-Cola by 2.8% in the 2nd quarter. Swiss National Bank now owns 15,439,790 shares of the company’s stock valued at $677,189,000 after purchasing an additional 425,900 shares during the period. Institutional investors own 65.41% of the company’s stock.
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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