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

Investors sold shares of The Coca-Cola Co (NYSE:KO) on strength during trading on Monday. $73.53 million flowed into the stock on the tick-up and $149.40 million flowed out of the stock on the tick-down, for a money net flow of $75.87 million out of the stock. Of all companies tracked, The Coca-Cola had the 32nd highest net out-flow for the day. The Coca-Cola traded up $0.84 for the day and closed at $43.97

A number of brokerages have recently commented on KO. Zacks Investment Research upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Friday, October 27th. Credit Suisse Group set a $51.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Thursday, October 26th. Royal Bank of Canada set a $49.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Sunday, November 12th. Vetr upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price target for the company in a report on Monday, December 11th. Finally, Deutsche Bank began coverage on shares of The Coca-Cola in a report on Wednesday, December 13th. They set a “buy” rating and a $52.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fourteen have issued 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 market capitalization of $187,340.00, a price-to-earnings ratio of 41.88, a PEG ratio of 3.48 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.

In other The Coca-Cola news, insider Ed Hays sold 84,400 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total transaction of $4,009,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Edward Long sold 15,000 shares of The Coca-Cola stock in a transaction that occurred 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 transaction, 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 90 days, insiders sold 122,640 shares of company stock valued at $5,800,776. 1.51% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Santori & Peters Inc. acquired a new position in shares of The Coca-Cola during the fourth quarter worth $127,000. Veritas Investment Management LLP acquired a new position in shares of The Coca-Cola during the third quarter worth $135,000. Spectrum Management Group Inc. acquired a new position in shares of The Coca-Cola during the third quarter worth $137,000. Eagle Ridge Investment Management acquired a new position in shares of The Coca-Cola during the second quarter worth $138,000. Finally, Legacy Advisors LLC acquired a new position in shares of The Coca-Cola during the third quarter worth $139,000. 65.34% of the stock is currently owned by hedge funds and other 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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