Traders sold shares of Coca-Cola Company (The) (NYSE:KO) on strength during trading on Tuesday. $51.66 million flowed into the stock on the tick-up and $90.21 million flowed out of the stock on the tick-down, for a money net flow of $38.55 million out of the stock. Of all equities tracked, Coca-Cola Company (The) had the 0th highest net out-flow for the day. Coca-Cola Company (The) traded up $0.20 for the day and closed at $46.72

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, June 27th. Sanford C. Bernstein set a $49.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Tuesday, July 11th. Credit Suisse Group restated a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a research note on Monday, July 24th. UBS AG raised their price objective on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $45.79.

The stock has a 50 day moving average of $45.78 and a 200-day moving average of $44.28. The firm has a market cap of $198.34 billion, a P/E ratio of 49.10 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the company posted $0.60 EPS. The firm’s revenue for the quarter was down 15.9% on a year-over-year basis. Equities analysts predict that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.16%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

In related news, insider Robert Edward Long sold 26,470 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $45.88, for a total transaction of $1,214,443.60. Following the completion of the sale, the insider now owns 45,393 shares of the company’s stock, valued at $2,082,630.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kathy N. Waller sold 8,952 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $45.77, for a total transaction of $409,733.04. Following the sale, the vice president now directly owns 109,508 shares of the company’s stock, valued at approximately $5,012,181.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,835 shares of company stock worth $16,874,246. Insiders own 1.51% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of KO. Signature Estate & Investment Advisors LLC raised its holdings in shares of Coca-Cola Company (The) by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after purchasing an additional 129 shares during the last quarter. Meeder Asset Management Inc. grew its position in Coca-Cola Company (The) by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares during the period. Eagle Ridge Investment Management acquired a new stake in Coca-Cola Company (The) during the second quarter valued at $138,000. SRS Capital Advisors Inc. grew its position in Coca-Cola Company (The) by 8.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after buying an additional 264 shares during the period. Finally, Almanack Investment Partners LLC. acquired a new stake in Coca-Cola Company (The) during the second quarter valued at $142,000. 64.68% of the stock is owned by institutional investors and hedge funds.

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Coca-Cola Company (The) 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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