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

Investors sold shares of Coca-Cola Company (The) (NYSE:KO) on strength during trading on Wednesday. $42.90 million flowed into the stock on the tick-up and $103.24 million flowed out of the stock on the tick-down, for a money net flow of $60.34 million out of the stock. Of all companies tracked, Coca-Cola had the 0th highest net out-flow for the day. Coca-Cola traded up $0.19 for the day and closed at $46.45

A number of brokerages recently commented on KO. Vetr cut shares of Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.68 price objective on the stock. in a research note on Monday. TheStreet lowered shares of Coca-Cola from a “b” rating to a “c+” rating in a report on Thursday, November 30th. Wells Fargo & Company upgraded shares of Coca-Cola from a “hold” rating to an “outperform” rating and upped their target price for the company from $45.00 to $51.00 in a report on Sunday, November 26th. Goldman Sachs Group set a $45.00 target price on shares of Coca-Cola and gave the company a “sell” rating in a report on Tuesday, November 21st. Finally, Susquehanna Bancshares set a $45.00 target price on shares of Coca-Cola and gave the company a “hold” rating in a report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.80.

The firm has a market cap of $196,970.64, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 3.91 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The company’s revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. sell-side analysts forecast that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.19%. Coca-Cola’s payout ratio is currently 140.95%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of KO. Advisor Partners LLC raised its holdings in Coca-Cola by 10.2% in the first quarter. Advisor Partners LLC now owns 51,575 shares of the company’s stock valued at $2,189,000 after buying an additional 4,766 shares during the period. GFS Advisors LLC raised its holdings in Coca-Cola by 12.0% in the first quarter. GFS Advisors LLC now owns 64,744 shares of the company’s stock valued at $2,748,000 after buying an additional 6,943 shares during the period. Sfmg LLC raised its holdings in Coca-Cola by 2.2% in the first quarter. Sfmg LLC now owns 11,485 shares of the company’s stock valued at $487,000 after buying an additional 252 shares during the period. Welch Investments LLC raised its holdings in Coca-Cola by 26.5% in the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after buying an additional 733 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in Coca-Cola by 25.2% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 1,189,749 shares of the company’s stock valued at $50,493,000 after buying an additional 239,362 shares during the period. Hedge funds and other institutional investors own 65.38% of the company’s stock.

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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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