Traders Sell The Coca-Cola (KO) on Strength (KO)

Investors sold shares of The Coca-Cola Co (NYSE:KO) on strength during trading hours on Friday. $110.29 million flowed into the stock on the tick-up and $197.74 million flowed out of the stock on the tick-down, for a money net flow of $87.45 million out of the stock. Of all companies tracked, The Coca-Cola had the 0th highest net out-flow for the day. The Coca-Cola traded up $0.03 for the day and closed at $43.13

Several analysts have recently commented on KO shares. Royal Bank of Canada set a $49.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Sunday, November 12th. Goldman Sachs Group set a $45.00 target price on shares of The Coca-Cola and gave the stock a “sell” rating in a research note on Wednesday, November 15th. Evercore ISI upgraded shares of The Coca-Cola from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $46.04 to $55.00 in a research note on Friday, January 12th. Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Co upgraded shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $46.72 to $51.00 in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $49.01.

The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The firm has a market cap of $183,762.58, a P/E ratio of 22.82, a P/E/G ratio of 3.48 and a beta of 0.70.

In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the transaction, the insider now directly owns 24,673 shares in the company, valued at approximately $1,183,070.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the transaction, the chief financial officer now owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The disclosure for this sale can be found here. Insiders sold 122,640 shares of company stock valued at $5,800,776 in the last quarter. Company insiders own 1.51% of the company’s stock.

A number of large investors have recently bought and sold shares of KO. Nicolet Bankshares Inc. increased its holdings in The Coca-Cola by 2.8% during the 2nd quarter. Nicolet Bankshares Inc. now owns 30,182 shares of the company’s stock valued at $1,354,000 after acquiring an additional 836 shares in the last quarter. Rothschild Asset Management Inc. increased its holdings in The Coca-Cola by 7.8% during the 2nd quarter. Rothschild Asset Management Inc. now owns 14,218 shares of the company’s stock valued at $638,000 after acquiring an additional 1,026 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of The Coca-Cola by 3.4% during the second quarter. CIBC Asset Management Inc now owns 524,732 shares of the company’s stock worth $23,509,000 after buying an additional 17,312 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of The Coca-Cola by 23.1% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 73,328 shares of the company’s stock worth $3,289,000 after buying an additional 13,783 shares in the last quarter. Finally, Lourd Capital LLC grew its holdings in shares of The Coca-Cola by 0.8% during the second quarter. Lourd Capital LLC now owns 32,387 shares of the company’s stock worth $1,453,000 after buying an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 65.39% of the company’s stock.

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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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