Coca-Cola Company (The) (NYSE:KO) has tumbled 2.61% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.91% in the last four weeks. The stocks have underperformed the S&P 500 by 1.44% during the past week but Coca-Cola Company (The) (NYSE:KO) it has outperformed the index in 4 weeks by 0.98%.
Coca-Cola Company (The) (NYSE:KO): The stock opened at $45.17 on Friday but the bulls could not build on the opening and the stock topped out at $45.22 for the day. The stock traded down to $44.38 during the day, due to lack of any buying support eventually closed down at $44.79 with a loss of -1.15% for the day. The stock had closed at $45.31 on the previous day. The total traded volume was 20,805,405 shares.
The company shares have rallied 10.65% from its 1 Year high price. On Apr 11, 2016, the shares registered one year high at $47.13 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $45.01 and the 200 Day Moving Average price is recorded at $44.15.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President, Controller) of Coca Cola Co, Mark Larry M had sold 28,000 shares worth of $1,246,560 in a transaction dated April 25, 2016. In this transaction, 28,000 shares were sold at $44.52 per share.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Susquehanna maintains its ratings on Coca-Cola Company (The) (NYSE:KO). In the latest research report, Susquehanna lowers the target price from $40 per share to $39 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on March 15, 2016. Currently the company Insiders own 1.54% of Coca-Cola Company (The) shares according to the proxy statements. Institutional Investors own 65.69% of Coca-Cola Company (The) shares.
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 range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It owns and markets a range of nonalcoholic sparkling beverage brands, such as Coca-Cola, Diet Coke, Fanta and Sprite. The Company makes its beverage products available to consumers throughout the world through its network of Company-owned or controlled bottling and distribution operations, as well as independent bottling partners, distributors, wholesalers and retailers. The Companys segments include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate.