Investors sold shares of The Coca-Cola Co (NYSE:KO) on strength during trading on Thursday. $69.77 million flowed into the stock on the tick-up and $160.34 million flowed out of the stock on the tick-down, for a money net flow of $90.57 million out of the stock. Of all stocks tracked, The Coca-Cola had the 0th highest net out-flow for the day. The Coca-Cola traded up $0.40 for the day and closed at $43.47
Several research firms have commented on KO. Zacks Investment Research cut shares of The Coca-Cola from a “hold” rating to a “sell” rating in a report on Tuesday. Macquarie reiterated a “neutral” rating and set a $47.00 price target on shares of The Coca-Cola in a report on Wednesday, June 13th. Jefferies Financial Group reiterated a “neutral” rating and set a $44.00 price target on shares of The Coca-Cola in a report on Friday, May 25th. Morningstar set a $49.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Friday, May 18th. Finally, Citigroup reiterated a “buy” rating on shares of The Coca-Cola in a report on Thursday, May 17th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. The Coca-Cola has a consensus rating of “Hold” and an average price target of $49.42.
The company has a current ratio of 1.21, a quick ratio of 1.12 and a debt-to-equity ratio of 1.38. The firm has a market cap of $185.44 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.57 and a beta of 0.73.
The Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The Coca-Cola had a net margin of 4.23% and a return on equity of 39.54%. The business had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. research analysts forecast that The Coca-Cola Co will post 2.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Thursday, June 14th. The Coca-Cola’s payout ratio is 81.68%.
Institutional investors have recently modified their holdings of the company. Princeton Capital Management LLC purchased a new stake in The Coca-Cola in the 1st quarter valued at $100,000. Santori & Peters Inc. purchased a new stake in The Coca-Cola in the 4th quarter valued at $127,000. Goodman Financial Corp purchased a new stake in The Coca-Cola in the 4th quarter valued at $143,000. First Dallas Securities Inc. purchased a new stake in The Coca-Cola in the 4th quarter valued at $155,000. Finally, IFG Advisory LLC purchased a new stake in The Coca-Cola in the 4th quarter valued at $2,416,000. Institutional investors and hedge funds own 65.71% of the company’s stock.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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