Investors bought shares of The Coca-Cola Co (NYSE:KO) on weakness during trading on Monday. $148.25 million flowed into the stock on the tick-up and $56.66 million flowed out of the stock on the tick-down, for a money net flow of $91.59 million into the stock. Of all companies tracked, The Coca-Cola had the 2nd highest net in-flow for the day. The Coca-Cola traded down ($0.29) for the day and closed at $44.53
Several analysts recently issued reports on KO shares. Goldman Sachs Group set a $45.00 price objective on shares of The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, November 15th. Susquehanna Bancshares set a $41.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a report on Wednesday, November 15th. JPMorgan Chase & Co. set a $49.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, November 16th. Wells Fargo & Co upgraded shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and boosted 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 The Coca-Cola and gave the company a “buy” rating in a report on Sunday, November 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $49.21.
The firm has a market capitalization of $190,340.00, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 2.60 and a beta of 0.77. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.39 dividend. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, March 14th. This represents a $1.56 annualized dividend and a yield of 3.50%. The Coca-Cola’s dividend payout ratio is 134.55%.
In related news, insider Ed Hays sold 84,400 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total transaction of $4,009,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the sale, the chief financial officer now directly owns 123,796 shares in the company, valued at approximately $5,713,185.40. The disclosure for this sale can be found here. Insiders sold 122,640 shares of company stock worth $5,800,776 in the last three months. 1.48% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Santori & Peters Inc. purchased a new position in shares of The Coca-Cola in the 4th quarter worth about $127,000. Veritas Investment Management LLP purchased a new position in shares of The Coca-Cola in the 3rd quarter worth about $135,000. Spectrum Management Group Inc. purchased a new position in shares of The Coca-Cola in the 3rd quarter worth about $137,000. Legacy Advisors LLC purchased a new position in shares of The Coca-Cola in the 3rd quarter worth about $139,000. Finally, Almanack Investment Partners LLC. purchased a new position in shares of The Coca-Cola in the 2nd quarter worth about $142,000. 66.16% of the stock is currently owned by institutional investors and hedge funds.
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About The 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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