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

Traders bought shares of The Coca-Cola Co (NYSE:KO) on weakness during trading hours on Monday. $261.04 million flowed into the stock on the tick-up and $143.44 million flowed out of the stock on the tick-down, for a money net flow of $117.60 million into the stock. Of all stocks tracked, The Coca-Cola had the 11th highest net in-flow for the day. The Coca-Cola traded down ($1.84) for the day and closed at $44.89

A number of equities analysts have recently issued reports on the company. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price target on The Coca-Cola and gave the stock a “hold” rating in a research report on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price target on the stock in a research report on Monday, December 11th. Finally, Morgan Stanley set a $48.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $49.01.

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 cap of $191,260.00, a PE ratio of 42.75, a PEG ratio of 3.75 and a beta of 0.70.

In other The Coca-Cola news, insider Ed Hays sold 84,400 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 24,673 shares in the company, valued at $1,183,070.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 460,649 shares of company stock worth $21,379,611. 1.51% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of KO. Janus Henderson Group PLC boosted its stake in shares of The Coca-Cola by 1,117.2% during the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock worth $598,273,000 after acquiring an additional 12,243,387 shares in the last quarter. Capital World Investors boosted its stake in shares of The Coca-Cola by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after acquiring an additional 11,593,679 shares in the last quarter. Troy Asset Management Ltd purchased a new stake in shares of The Coca-Cola during the 3rd quarter worth about $260,266,000. Vanguard Group Inc. boosted its stake in shares of The Coca-Cola by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after acquiring an additional 4,818,963 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of The Coca-Cola by 12,733.6% during the 3rd quarter. Stifel Financial Corp now owns 4,245,213 shares of the company’s stock worth $191,194,000 after acquiring an additional 4,212,134 shares in the last quarter. 65.39% of the stock is currently owned by institutional investors.

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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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