Traders Buy Shares of The Coca-Cola (KO) on Weakness

Investors purchased shares of The Coca-Cola Co (NYSE:KO) on weakness during trading hours on Friday. $300.16 million flowed into the stock on the tick-up and $132.45 million flowed out of the stock on the tick-down, for a money net flow of $167.71 million into the stock. Of all companies tracked, The Coca-Cola had the 14th highest net in-flow for the day. The Coca-Cola traded down ($0.40) for the day and closed at $45.30

Several equities analysts have recently weighed in on KO shares. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Tuesday, January 8th. Bank of America set a $55.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Friday, December 14th. Royal Bank of Canada reissued a “buy” rating and issued a $56.00 price objective on shares of The Coca-Cola in a research report on Monday, November 19th. Morgan Stanley set a $48.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a research report on Friday, February 15th. Finally, ValuEngine lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. The Coca-Cola currently has an average rating of “Hold” and a consensus price target of $50.60.

The stock has a market capitalization of $194.95 billion, a P/E ratio of 21.78, a PEG ratio of 3.10 and a beta of 0.51. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.95 and a current ratio of 1.05.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Thursday, February 14th. The company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the firm earned $0.39 earnings per share. The Coca-Cola’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities analysts predict that The Coca-Cola Co will post 2.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.53%. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, March 14th. The Coca-Cola’s dividend payout ratio (DPR) is currently 75.00%.

In related news, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $48.50, for a total transaction of $485,000.00. Following the transaction, the senior vice president now directly owns 92,645 shares of the company’s stock, valued at $4,493,282.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Beatriz R. Perez sold 21,742 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the transaction, the insider now directly owns 92,645 shares in the company, valued at $4,517,370.20. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in KO. Chemical Bank grew its stake in The Coca-Cola by 2.5% during the third quarter. Chemical Bank now owns 134,071 shares of the company’s stock worth $6,193,000 after buying an additional 3,209 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in The Coca-Cola by 1,193.3% during the third quarter. Gryphon Financial Partners LLC now owns 47,165 shares of the company’s stock worth $2,178,000 after buying an additional 43,518 shares in the last quarter. Wellington Shields Capital Management LLC grew its stake in The Coca-Cola by 43.7% during the third quarter. Wellington Shields Capital Management LLC now owns 58,836 shares of the company’s stock worth $2,718,000 after buying an additional 17,885 shares in the last quarter. Wellington Shields & Co. LLC grew its stake in The Coca-Cola by 123.1% during the third quarter. Wellington Shields & Co. LLC now owns 18,575 shares of the company’s stock worth $858,000 after buying an additional 10,250 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. acquired a new stake in The Coca-Cola during the third quarter worth about $561,000. 66.99% of the stock is currently owned by institutional investors and hedge funds.

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The Coca-Cola Company Profile (NYSE:KO)

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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