Traders Buy The Coca-Cola (KO) on Weakness

Traders purchased shares of The Coca-Cola Co (NYSE:KO) on weakness during trading on Thursday. $192.06 million flowed into the stock on the tick-up and $91.67 million flowed out of the stock on the tick-down, for a money net flow of $100.39 million into the stock. Of all equities tracked, The Coca-Cola had the 5th highest net in-flow for the day. The Coca-Cola traded down ($0.14) for the day and closed at $47.74

KO has been the subject of several analyst reports. Macquarie set a $50.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley boosted their price objective on The Coca-Cola from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday. HSBC reissued a “buy” rating and issued a $64.00 price objective on shares of The Coca-Cola in a report on Wednesday. Jefferies Financial Group boosted their price objective on The Coca-Cola from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $51.00 price objective on shares of The Coca-Cola in a report on Wednesday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $51.22.

The firm has a market capitalization of $203.19 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 3.00 and a beta of 0.75. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.26.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $8.20 billion. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The Coca-Cola’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. On average, research analysts predict that The Coca-Cola Co will post 2.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 3.27%. The Coca-Cola’s payout ratio is 81.68%.

In other The Coca-Cola news, SVP James L. Dinkins sold 8,754 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the completion of the sale, the senior vice president now directly owns 28,354 shares in the company, valued at approximately $1,331,220.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.48% of the company’s stock.

A number of large investors have recently bought and sold shares of KO. Clarus Wealth Advisors purchased a new stake in shares of The Coca-Cola in the second quarter valued at approximately $101,000. WP Advisors LLC purchased a new position in The Coca-Cola in the second quarter worth approximately $107,000. Westbourne Investment Advisors Inc. purchased a new position in The Coca-Cola in the third quarter worth approximately $117,000. Signature Estate & Investment Advisors LLC purchased a new position in The Coca-Cola in the second quarter worth approximately $116,000. Finally, Fort L.P. purchased a new position in The Coca-Cola in the second quarter worth approximately $122,000. Institutional investors own 65.44% of the company’s stock.

About The Coca-Cola (NYSE:KO)

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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