Traders sold shares of Coca-Cola Company (The) (NYSE:KO) on strength during trading on Wednesday. $75.33 million flowed into the stock on the tick-up and $142.54 million flowed out of the stock on the tick-down, for a money net flow of $67.21 million out of the stock. Of all stocks tracked, Coca-Cola Company (The) had the 6th highest net out-flow for the day. Coca-Cola Company (The) traded up $0.31 for the day and closed at $45.50

KO has been the topic of several recent research reports. Cowen and Company reissued a “hold” rating and set a $42.00 price objective on shares of Coca-Cola Company (The) in a report on Thursday, September 28th. HSBC Holdings plc lifted their price objective on Coca-Cola Company (The) from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, September 27th. Macquarie initiated coverage on Coca-Cola Company (The) in a report on Friday, September 15th. They set a “neutral” rating and a $47.00 price objective on the stock. Vetr raised Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $47.00 price objective on shares of Coca-Cola Company (The) in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.12.

The firm has a market cap of $194.07 billion, a P/E ratio of 48.05 and a beta of 0.70. The company has a 50-day moving average price of $45.72 and a 200-day moving average price of $44.66. Coca-Cola Company (The) also was the recipient of some unusual options trading on Monday. Stock investors acquired 7,760 put options on the company. This is an increase of approximately 284% compared to the typical daily volume of 2,020 put options.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 180,738 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.99, for a total value of $8,312,140.62. Following the sale, the insider now owns 315,606 shares of the company’s stock, valued at approximately $14,514,719.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Randazza sold 24,156 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total value of $1,111,417.56. Following the completion of the sale, the insider now directly owns 26,567 shares in the company, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,835 shares of company stock worth $16,874,246. Company insiders own 1.51% of the company’s stock.

Several hedge funds have recently modified their holdings of KO. Janus Henderson Group PLC boosted its holdings in shares of Coca-Cola Company (The) by 1,117.2% in the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after purchasing an additional 12,243,387 shares in the last quarter. Capital World Investors boosted its holdings in shares of Coca-Cola Company (The) by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after acquiring an additional 11,593,679 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Coca-Cola Company (The) by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after acquiring an additional 4,818,963 shares in the last quarter. HS Management Partners LLC acquired a new stake in shares of Coca-Cola Company (The) during the 2nd quarter valued at $152,243,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Coca-Cola Company (The) by 66.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,514,228 shares of the company’s stock valued at $361,344,000 after acquiring an additional 3,387,300 shares in the last quarter. 64.62% of the stock is currently owned by hedge funds and other institutional investors.

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About Coca-Cola Company (The)

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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