Investors Sell Shares of The Coca-Cola (KO) on Strength (KO)
Investors sold shares of The Coca-Cola Co (NYSE:KO) on strength during trading hours on Wednesday. $68.68 million flowed into the stock on the tick-up and $137.23 million flowed out of the stock on the tick-down, for a money net flow of $68.55 million out of the stock. Of all companies tracked, The Coca-Cola had the 0th highest net out-flow for the day. The Coca-Cola traded up $0.29 for the day and closed at $46.82
Several equities research analysts recently weighed in on the stock. Goldman Sachs Group set a $45.00 price target on shares of The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price target on shares of The Coca-Cola and gave the company a “hold” rating in a research report on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Vetr raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 target price for the company in a research report on Monday, December 11th. Finally, Morgan Stanley set a $48.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the stock. The Coca-Cola currently has an average rating of “Hold” and an average target price of $49.01.
The stock has a market cap of $200,700.00, a P/E ratio of 44.65, a price-to-earnings-growth ratio of 3.75 and a beta of 0.70. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of The Coca-Cola stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the transaction, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of The Coca-Cola stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the transaction, the chief financial officer now owns 123,796 shares in the company, valued at approximately $5,713,185.40. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank lifted its stake in shares of The Coca-Cola by 3.0% during the 2nd quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock valued at $735,069,000 after buying an additional 470,700 shares in the last quarter. Summit Financial Group Inc. purchased a new stake in The Coca-Cola in the 2nd quarter worth $2,779,000. Global X Management Co. LLC lifted its stake in The Coca-Cola by 6.0% in the 2nd quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after purchasing an additional 12,513 shares in the last quarter. Amalgamated Bank lifted its stake in The Coca-Cola by 54.8% in the 2nd quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock worth $20,118,000 after purchasing an additional 158,741 shares in the last quarter. Finally, Flippin Bruce & Porter Inc. lifted its stake in The Coca-Cola by 1.8% in the 2nd quarter. Flippin Bruce & Porter Inc. now owns 98,037 shares of the company’s stock worth $4,397,000 after purchasing an additional 1,705 shares in the last quarter. Institutional investors own 65.30% of the company’s stock.
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About The Coca-Cola
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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