The Coca-Cola Co (NYSE:KO) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 24,059,544 shares, a decrease of 17.4% from the February 15th total of 29,120,284 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 23,177,997 shares, the days-to-cover ratio is presently 1.0 days.

Several equities analysts have weighed in on the company. Jefferies Financial Group reissued a “neutral” rating and issued a $49.00 target price on shares of The Coca-Cola in a research note on Monday, December 10th. Zacks Investment Research lowered The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $51.00 target price on shares of The Coca-Cola in a research note on Thursday, February 14th. UBS Group reissued a “neutral” rating and issued a $50.00 target price on shares of The Coca-Cola in a research note on Friday, February 15th. Finally, Credit Suisse Group assumed coverage on The Coca-Cola in a research note on Wednesday, March 6th. They issued a “neutral” rating and a $48.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $50.60.

In other The Coca-Cola news, insider Beatriz R. Perez sold 21,742 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $48.76, for a total value of $1,060,139.92. Following the transaction, the insider now owns 92,645 shares of the company’s stock, valued at $4,517,370.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the transaction, the senior vice president now directly owns 92,645 shares in the company, valued at approximately $4,493,282.50. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. CX Institutional acquired a new position in shares of The Coca-Cola in the fourth quarter valued at $928,000. Moller Financial Services acquired a new position in shares of The Coca-Cola in the fourth quarter valued at $292,000. Moody National Bank Trust Division raised its stake in shares of The Coca-Cola by 7.2% in the fourth quarter. Moody National Bank Trust Division now owns 34,209 shares of the company’s stock valued at $1,620,000 after purchasing an additional 2,303 shares in the last quarter. Ancora Advisors LLC raised its stake in shares of The Coca-Cola by 21.0% in the third quarter. Ancora Advisors LLC now owns 51,438 shares of the company’s stock valued at $2,377,000 after purchasing an additional 8,941 shares in the last quarter. Finally, Man Group plc grew its position in The Coca-Cola by 34.2% in the third quarter. Man Group plc now owns 617,032 shares of the company’s stock valued at $28,501,000 after acquiring an additional 157,187 shares during the period. Institutional investors and hedge funds own 66.99% of the company’s stock.

Shares of KO stock opened at $45.30 on Friday. The Coca-Cola has a 12 month low of $41.45 and a 12 month high of $50.84. The company has a market cap of $193.25 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.51. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.05 and a quick ratio of 0.95.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend 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 is presently 75.00%.

TRADEMARK VIOLATION WARNING: “Short Interest in The Coca-Cola Co (KO) Decreases By 17.4%” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://www.dailypolitical.com/2019/03/16/short-interest-in-the-coca-cola-co-ko-decreases-by-17-4.html.

About The Coca-Cola

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.

Recommended Story: Conference Calls and Individual Investors

Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.