The Coca-Cola Company Sees Significant Increase in Short Interest (KO)

Share on StockTwits

Shares of The Coca-Cola Company (NYSE:KO) were the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 54,834,254 shares, an increase of 8.1% from the April 15th total of 50,703,284 shares, American Banking & Market News reports. Based on an average daily volume of 16,282,216 shares, the short-interest ratio is currently 3.4 days. Currently, 1.3% of the shares of the stock are sold short.

In other The Coca-Cola Company news, SVP Guy Wollaert unloaded 22,460 shares of the stock on the open market in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.96, for a total value of $919,961.60. Following the sale, the senior vice president now directly owns 43,457 shares in the company, valued at approximately $1,779,999. The sale was disclosed in a filing with the SEC, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of The Coca-Cola Company in a research note on Thursday, May 15th. They now have a $43.00 price target on the stock. Separately, analysts at Nomura initiated coverage on shares of The Coca-Cola Company in a research note on Tuesday, April 29th. They set a “buy” rating and a $53.50 price target on the stock. They noted that the move was a valuation call. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Coca-Cola Company in a research note on Friday, April 25th. They now have a $48.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The Coca-Cola Company presently has a consensus rating of “Hold” and an average price target of $45.32.

The Coca-Cola Company (NYSE:KO) opened at 40.87 on Thursday. The Coca-Cola Company has a 52-week low of $36.83 and a 52-week high of $43.05. The stock has a 50-day moving average of $40.20 and a 200-day moving average of $39.4. The company has a market cap of $179.6 billion and a P/E ratio of 21.69.

The Coca-Cola Company (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.01. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $10.61 billion. During the same quarter last year, the company posted $0.46 earnings per share. The Coca-Cola Company’s revenue was down 4.2% compared to the same quarter last year. Analysts expect that The Coca-Cola Company will post $2.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, June 12th.

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Forecast Lowered by Target on Slumping Sales
Forecast Lowered by Target on Slumping Sales
Pokemon Rumor Helps Nintendo Rise
Pokemon Rumor Helps Nintendo Rise
Barcadi Offering Pricey New Rum Collection
Barcadi Offering Pricey New Rum Collection
Sony Announces PS4 Sales of 10 Million
Sony Announces PS4 Sales of 10 Million
Rory McIlroy is the PGA Champion
Rory McIlroy is the PGA Champion
Pfizer Sued Due to Worry Lipitor Could Cause Diabetes
Pfizer Sued Due to Worry Lipitor Could Cause Diabetes


Leave a Reply

 
© 2006-2014 The Legacy. Subscribe