Investors Sell Shares of The Coca-Cola (KO) on Strength Following Insider Selling

Investors sold shares of The Coca-Cola Co (NYSE:KO) on strength during trading on Thursday after an insider sold shares in the company. $74.02 million flowed into the stock on the tick-up and $119.85 million flowed out of the stock on the tick-down, for a money net flow of $45.83 million out of the stock. Of all stocks tracked, The Coca-Cola had the 26th highest net out-flow for the day. The Coca-Cola traded up $0.06 for the day and closed at $46.88Specifically, CFO Kathy N. Waller sold 23,240 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The disclosure for this sale can be found here. 1.51% of the stock is owned by insiders.

A number of analysts have commented on the stock. Evercore ISI raised shares of The Coca-Cola from an “in-line” rating to an “outperform” rating and upped their target price for the company from $46.04 to $55.00 in a report on Friday, January 12th. Goldman Sachs Group set a $49.00 target price on shares of The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, January 10th. Vetr cut shares of The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 target price for the company. in a report on Monday, January 8th. Jefferies Group set a $50.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, January 4th. Finally, Royal Bank of Canada set a $56.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $49.01.

The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $199,740.00, a PE ratio of 44.65, a price-to-earnings-growth ratio of 3.73 and a beta of 0.70.

The Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The firm had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The Coca-Cola’s revenue for the quarter was down 14.6% on a year-over-year basis. analysts anticipate that The Coca-Cola Co will post 1.91 earnings per share for the current year.

Several large investors have recently modified their holdings of the stock. Heritage Way Advisors LLC boosted its position in shares of The Coca-Cola by 106.0% during the fourth quarter. Heritage Way Advisors LLC now owns 120,858 shares of the company’s stock worth $5,545,000 after acquiring an additional 62,199 shares during the last quarter. Smithbridge Asset Management Inc. DE purchased a new stake in The Coca-Cola during the fourth quarter valued at $207,000. Acadian Asset Management LLC raised its stake in The Coca-Cola by 1.7% during the fourth quarter. Acadian Asset Management LLC now owns 8,524,861 shares of the company’s stock valued at $391,122,000 after purchasing an additional 145,974 shares in the last quarter. Westpac Banking Corp raised its stake in The Coca-Cola by 3.9% during the fourth quarter. Westpac Banking Corp now owns 325,403 shares of the company’s stock valued at $14,929,000 after purchasing an additional 12,108 shares in the last quarter. Finally, Berkshire Asset Management LLC PA raised its stake in The Coca-Cola by 4.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 429,793 shares of the company’s stock valued at $19,719,000 after purchasing an additional 20,083 shares in the last quarter. Hedge funds and other institutional investors own 65.30% of the company’s stock.

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The Coca-Cola Company Profile

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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