Investors bought shares of The Coca-Cola Co (NYSE:KO) on weakness during trading on Friday. $198.67 million flowed into the stock on the tick-up and $49.36 million flowed out of the stock on the tick-down, for a money net flow of $149.31 million into the stock. Of all stocks tracked, The Coca-Cola had the 25th highest net in-flow for the day. The Coca-Cola traded down ($0.21) for the day and closed at $43.46
Several equities analysts have issued reports on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $48.00 price objective (up from $47.00) on shares of The Coca-Cola in a report on Friday, February 16th. Susquehanna Bancshares set a $45.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a report on Wednesday, December 20th. Jefferies Group reaffirmed a “neutral” rating and set a $49.00 price objective on shares of The Coca-Cola in a report on Tuesday, February 20th. Vetr raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price target on the stock in a research note on Monday, December 11th. Finally, Goldman Sachs set a $49.00 price target on shares of The Coca-Cola and gave the stock a “sell” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company. The Coca-Cola has an average rating of “Hold” and an average target price of $49.21.
The firm has a market cap of $186,292.09, a PE ratio of 160.96, a PEG ratio of 2.53 and a beta of 0.77. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.64.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.36 billion. During the same period last year, the business earned $0.37 earnings per share. The Coca-Cola’s revenue was down 20.2% compared to the same quarter last year. sell-side analysts predict that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be given a dividend of $0.39 per share. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.59%. The ex-dividend date is Wednesday, March 14th. The Coca-Cola’s dividend payout ratio (DPR) is presently 577.78%.
In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of The Coca-Cola 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 completion of the sale, the chief financial officer now directly owns 123,796 shares in the company, valued at $5,713,185.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ed Hays sold 84,400 shares of The Coca-Cola stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total transaction of $4,009,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,523 shares of company stock valued at $5,885,511. 1.48% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Beach Investment Management LLC. acquired a new position in shares of The Coca-Cola in the second quarter valued at approximately $736,000. GAM Holding AG grew its holdings in shares of The Coca-Cola by 12.1% in the second quarter. GAM Holding AG now owns 831,900 shares of the company’s stock valued at $37,311,000 after purchasing an additional 90,051 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of The Coca-Cola by 1.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,868,664 shares of the company’s stock valued at $532,310,000 after purchasing an additional 180,805 shares in the last quarter. Welch Group LLC grew its holdings in shares of The Coca-Cola by 28.3% in the second quarter. Welch Group LLC now owns 80,448 shares of the company’s stock valued at $3,608,000 after purchasing an additional 17,727 shares in the last quarter. Finally, MUFG Americas Holdings Corp grew its holdings in shares of The Coca-Cola by 1.0% in the second quarter. MUFG Americas Holdings Corp now owns 2,170,168 shares of the company’s stock valued at $97,332,000 after purchasing an additional 20,626 shares in the last quarter. Institutional investors and hedge funds own 66.16% 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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