Investors Buy The Coca-Cola (KO) on Weakness on Insider Selling

Investors purchased shares of The Coca-Cola Co (NYSE:KO) on weakness during trading on Thursday 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 companies 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 that occurred on Monday, November 19th. The shares were sold at an average price of $50.40, for a total transaction of $761,040.00. Following the transaction, the insider now directly owns 40,058 shares of the company’s stock, valued at $2,018,923.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James L. Dinkins sold 8,754 shares of The Coca-Cola stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the transaction, the senior vice president now directly owns 28,354 shares in the company, valued at $1,331,220.30. The disclosure for this sale can be found here. Insiders have sold 374,542 shares of company stock worth $18,436,957 over the last three months. Insiders own 1.48% of the company’s stock.

Several research analysts have commented on KO shares. Zacks Investment Research raised shares of The Coca-Cola from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Morningstar set a $49.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Societe Generale set a $49.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Monday, August 13th. HSBC reaffirmed a “buy” rating and issued a $61.00 target price on shares of The Coca-Cola in a research note on Monday, August 20th. Finally, Morgan Stanley reaffirmed a “neutral” rating and issued a $49.00 target price on shares of The Coca-Cola in a research note on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company. The Coca-Cola currently has a consensus rating of “Hold” and an average price target of $51.43.

The firm has a market cap of $207.88 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 3.19 and a beta of 0.60. 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 Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. The business had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. Equities analysts expect that The Coca-Cola Co will post 2.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is currently 81.68%.

Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its holdings in The Coca-Cola by 0.9% in the third quarter. State of Alaska Department of Revenue now owns 560,169 shares of the company’s stock valued at $25,871,000 after acquiring an additional 4,973 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of The Coca-Cola by 1.1% during the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 233,378 shares of the company’s stock valued at $10,236,000 after buying an additional 2,600 shares in the last quarter. First Command Financial Services Inc. boosted its holdings in shares of The Coca-Cola by 73.2% during the 3rd quarter. First Command Financial Services Inc. now owns 19,124 shares of the company’s stock valued at $883,000 after buying an additional 8,084 shares in the last quarter. HPM Partners LLC boosted its holdings in shares of The Coca-Cola by 3.0% during the 2nd quarter. HPM Partners LLC now owns 100,292 shares of the company’s stock valued at $4,399,000 after buying an additional 2,931 shares in the last quarter. Finally, Baldwin Investment Management LLC bought a new stake in shares of The Coca-Cola during the 2nd quarter valued at $272,000. Institutional investors and hedge funds own 65.79% of the company’s stock.

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The Coca-Cola Company Profile (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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