Traders purchased shares of Coca-Cola Co. (NYSE:KO) on weakness during trading on Thursday. $83.06 million flowed into the stock on the tick-up and $51.25 million flowed out of the stock on the tick-down, for a money net flow of $31.81 million into the stock. Of all stocks tracked, Coca-Cola had the 11th highest net in-flow for the day. Coca-Cola traded down ($0.18) for the day and closed at $45.09

A number of brokerages recently commented on KO. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $46.00 price objective on shares of Coca-Cola in a research report on Wednesday, March 16th. Stifel Nicolaus reiterated a “buy” rating and set a $52.00 price objective on shares of Coca-Cola in a research report on Tuesday, March 15th. Vetr upgraded Coca-Cola from a “sell” rating to a “hold” rating and set a $44.00 price objective on the stock in a research report on Monday, June 13th. Susquehanna reiterated a “hold” rating and set a $39.00 price objective on shares of Coca-Cola in a research report on Sunday, June 5th. Finally, Royal Bank Of Canada lifted their price objective on Coca-Cola from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, March 10th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $47.58.

The firm has a market capitalization of $195.07 billion and a P/E ratio of 27.15. The stock has a 50 day moving average price of $44.86 and a 200 day moving average price of $44.34.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, April 20th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.28 billion. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. On average, analysts predict that Coca-Cola Co. will post $1.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Monday, June 13th.

In related news, EVP J Alexander Douglas, Jr. sold 572,748 shares of the stock in a transaction on Monday, June 20th. The stock was sold at an average price of $45.25, for a total value of $25,916,847.00. Following the transaction, the executive vice president now directly owns 291,675 shares of the company’s stock, valued at approximately $13,198,293.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Larry M. Mark sold 28,000 shares of the stock in a transaction on Monday, April 25th. The stock was sold at an average price of $44.52, for a total value of $1,246,560.00. Following the completion of the transaction, the vice president now directly owns 52,465 shares in the company, valued at $2,335,741.80. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Coca-Cola by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,702,190 shares of the company’s stock valued at $330,923,000 after buying an additional 545,905 shares during the period. Stephens Inc. AR raised its position in shares of Coca-Cola by 3.4% in the fourth quarter. Stephens Inc. AR now owns 194,578 shares of the company’s stock valued at $8,359,000 after buying an additional 6,337 shares during the period. I.G. Investment Management LTD. raised its position in shares of Coca-Cola by 58.9% in the fourth quarter. I.G. Investment Management LTD. now owns 369,366 shares of the company’s stock valued at $15,868,000 after buying an additional 136,857 shares during the period. Homrich & Berg raised its position in shares of Coca-Cola by 1.5% in the fourth quarter. Homrich & Berg now owns 261,534 shares of the company’s stock valued at $11,236,000 after buying an additional 3,746 shares during the period. Finally, Veritable L.P. raised its position in shares of Coca-Cola by 1.3% in the fourth quarter. Veritable L.P. now owns 268,289 shares of the company’s stock valued at $11,526,000 after buying an additional 3,550 shares during the period.

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.

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