Traders sold shares of The Coca-Cola Co (NYSE:KO) on strength during trading on Tuesday. $41.87 million flowed into the stock on the tick-up and $118.87 million flowed out of the stock on the tick-down, for a money net flow of $77.00 million out of the stock. Of all equities tracked, The Coca-Cola had the 4th highest net out-flow for the day. The Coca-Cola traded up $0.24 for the day and closed at $43.99
A number of research analysts recently weighed in on KO shares. Goldman Sachs Group raised The Coca-Cola from a “sell” rating to a “neutral” rating and set a $46.00 price target on the stock in a research note on Tuesday, April 17th. Jefferies Financial Group reaffirmed a “neutral” rating and set a $44.00 price target on shares of The Coca-Cola in a research note on Friday, May 25th. Morningstar set a $49.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research note on Friday, May 18th. Barclays reaffirmed a “neutral” rating and set a $45.00 price target on shares of The Coca-Cola in a research note on Thursday, March 15th. Finally, Societe Generale set a $46.50 price target on The Coca-Cola and gave the stock a “neutral” rating in a research note on Wednesday, April 25th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $49.42.
The company has a quick ratio of 1.12, a current ratio of 1.21 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $187.10 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.59 and a beta of 0.74.
The Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.32 billion. The Coca-Cola had a return on equity of 39.54% and a net margin of 4.23%. The Coca-Cola’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. equities analysts anticipate that The Coca-Cola Co will post 2.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 2nd. Stockholders of record on Friday, June 15th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Thursday, June 14th. The Coca-Cola’s dividend payout ratio is presently 81.68%.
Several hedge funds have recently added to or reduced their stakes in KO. Kanawha Capital Management LLC grew its holdings in shares of The Coca-Cola by 0.7% in the fourth quarter. Kanawha Capital Management LLC now owns 169,398 shares of the company’s stock valued at $7,772,000 after acquiring an additional 1,123 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in shares of The Coca-Cola by 4.0% in the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 444,036 shares of the company’s stock valued at $20,420,000 after acquiring an additional 16,911 shares in the last quarter. OLD Point Trust & Financial Services N A grew its holdings in shares of The Coca-Cola by 2.1% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 58,136 shares of the company’s stock valued at $2,667,000 after acquiring an additional 1,200 shares in the last quarter. Advisor Partners LLC grew its holdings in shares of The Coca-Cola by 11.1% in the fourth quarter. Advisor Partners LLC now owns 71,637 shares of the company’s stock valued at $3,378,000 after acquiring an additional 7,183 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC bought a new position in shares of The Coca-Cola in the fourth quarter valued at approximately $1,026,000. 65.71% of the stock is owned by institutional investors.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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.
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