Traders purchased shares of Coca-Cola Company (The) (NYSE:KO) on weakness during trading on Monday. $63.70 million flowed into the stock on the tick-up and $47.10 million flowed out of the stock on the tick-down, for a money net flow of $16.60 million into the stock. Of all stocks tracked, Coca-Cola Company (The) had the 20th highest net in-flow for the day. Coca-Cola Company (The) traded down ($0.21) for the day and closed at $44.80

A number of equities analysts have weighed in on KO shares. Vetr cut shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 price objective for the company. in a research report on Monday, June 5th. BMO Capital Markets lowered Coca-Cola Company (The) from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $45.98 to $46.00 in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Daiwa Capital Markets initiated coverage on Coca-Cola Company (The) in a research report on Tuesday, June 13th. They set an “outperform” rating and a $48.60 target price on the stock. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, June 27th. Finally, BidaskClub cut Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.12.

The company has a market cap of $191.09 billion, a P/E ratio of 47.31 and a beta of 0.70. The stock’s 50 day moving average price is $45.85 and its 200-day moving average price is $44.43.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is 154.17%.

In related news, insider Jennifer K. Mann sold 8,819 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $45.61, for a total value of $402,234.59. Following the sale, the insider now owns 30,553 shares of the company’s stock, valued at approximately $1,393,522.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Edward Long sold 26,470 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $45.88, for a total value of $1,214,443.60. Following the completion of the sale, the insider now owns 45,393 shares in the company, valued at $2,082,630.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 366,835 shares of company stock valued at $16,874,246. 1.51% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. North American Management Corp grew its holdings in shares of Coca-Cola Company (The) by 10.3% in the 2nd quarter. North American Management Corp now owns 6,435 shares of the company’s stock worth $289,000 after purchasing an additional 600 shares during the last quarter. Shell Asset Management Co. grew its stake in Coca-Cola Company (The) by 0.5% during the first quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after buying an additional 4,101 shares during the last quarter. Guinness Asset Management Ltd grew its stake in Coca-Cola Company (The) by 13.4% during the first quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after buying an additional 27,560 shares during the last quarter. Montecito Bank & Trust grew its stake in Coca-Cola Company (The) by 90.2% during the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after buying an additional 60,258 shares during the last quarter. Finally, BB&T Corp grew its stake in Coca-Cola Company (The) by 9.5% during the second quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after buying an additional 78,932 shares during the last quarter. Hedge funds and other institutional investors own 64.62% of the company’s stock.

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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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