Traders Buy Shares of The Coca-Cola (KO) on Weakness Following Insider Selling

Traders bought shares of The Coca-Cola Co (NYSE:KO) on weakness during trading on Wednesday following insider selling activity. $203.22 million flowed into the stock on the tick-up and $73.24 million flowed out of the stock on the tick-down, for a money net flow of $129.98 million into the stock. Of all stocks tracked, The Coca-Cola had the 3rd highest net in-flow for the day. The Coca-Cola traded down ($0.65) for the day and closed at $48.73Specifically, insider Jennifer K. Mann sold 15,100 shares of The Coca-Cola stock in a transaction on Monday, November 19th. The shares were sold at an average price of $50.40, for a total value of $761,040.00. Following the completion of the transaction, the insider now owns 40,058 shares of the company’s stock, valued at $2,018,923.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Larry M. Mark sold 75,538 shares of The Coca-Cola stock in a transaction on Friday, November 9th. The stock was sold at an average price of $49.51, for a total transaction of $3,739,886.38. Following the completion of the transaction, the vice president now directly owns 85,755 shares of the company’s stock, valued at approximately $4,245,730.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 374,542 shares of company stock valued at $18,436,957. 1.48% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on KO shares. Jefferies Financial Group reissued a “neutral” rating and set a $48.00 price target on shares of The Coca-Cola in a report on Wednesday, August 22nd. Gabelli reissued a “hold” rating on shares of The Coca-Cola in a report on Thursday, July 26th. Societe Generale set a $49.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Monday, August 13th. Wells Fargo & Co reissued a “buy” rating and set a $52.00 price target on shares of The Coca-Cola in a report on Wednesday, September 5th. Finally, Bank of America reissued a “buy” rating and set a $52.00 price target on shares of The Coca-Cola in a report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.43.

The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06. The company has a market cap of $210.65 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 3.23 and a beta of 0.60.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The business had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.20 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The company’s revenue was down 9.2% on a year-over-year basis. Sell-side analysts forecast that The Coca-Cola Co will post 2.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, November 29th. The Coca-Cola’s dividend payout ratio is currently 81.68%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. WP Advisors LLC bought a new stake in The Coca-Cola in the second quarter worth about $107,000. Westbourne Investment Advisors Inc. bought a new stake in The Coca-Cola in the third quarter worth about $117,000. Signature Estate & Investment Advisors LLC bought a new stake in The Coca-Cola in the second quarter worth about $116,000. Fort L.P. bought a new stake in The Coca-Cola in the second quarter worth about $122,000. Finally, Sageworth Trust Co raised its holdings in The Coca-Cola by 69.5% during the 3rd quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock worth $135,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 65.79% of the company’s stock.

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About The Coca-Cola (NYSE:KO)

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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