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.
ILLEGAL ACTIVITY WARNING: “Traders Buy Shares of The Coca-Cola (KO) on Weakness” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/02/05/traders-buy-shares-of-the-coca-cola-ko-on-weakness.html.
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.
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.