Investors Buy Shares of Coca-Cola Company (The) (KO) on Weakness

Investors purchased shares of Coca-Cola Company (The) (NYSE:KO) on weakness during trading hours on Friday. $199.73 million flowed into the stock on the tick-up and $140.27 million flowed out of the stock on the tick-down, for a money net flow of $59.46 million into the stock. Of all stocks tracked, Coca-Cola Company (The) had the 16th highest net in-flow for the day. Coca-Cola Company (The) traded down ($0.84) for the day and closed at $45.71

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Credit Suisse Group reaffirmed a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Susquehanna Bancshares Inc set a $39.00 target price on shares of Coca-Cola Company (The) and gave the company a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC set a $47.00 target price on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a research report on Thursday, July 27th. Finally, UBS AG upped their target price on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Two equities 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 an average rating of “Hold” and a consensus target price of $47.54.

The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The company has a market capitalization of $198,330.00, a price-to-earnings ratio of 25.09, a P/E/G ratio of 4.01 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Coca-Cola Company (The) 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 analysts’ expectations of $8.73 billion. During the same quarter last year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. sell-side analysts anticipate that Coca-Cola Company will post 1.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is presently 140.95%.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of Coca-Cola Company (The) stock in a transaction dated 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 sale, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.51% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC lifted its position in Coca-Cola Company (The) by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after acquiring an additional 129 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Coca-Cola Company (The) by 59.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after acquiring an additional 1,026 shares in the last quarter. Veritas Investment Management LLP acquired a new position in Coca-Cola Company (The) during the 3rd quarter worth approximately $135,000. Spectrum Management Group Inc. acquired a new position in Coca-Cola Company (The) during the 3rd quarter worth approximately $137,000. Finally, Legacy Advisors LLC acquired a new position in Coca-Cola Company (The) during the 3rd quarter worth approximately $139,000. 64.92% of the stock is currently owned by institutional investors and hedge funds.

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About Coca-Cola Company (The)

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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