Calvert Investment Management Inc. increased its position in shares of Coca-Cola Co. (NYSE:KO) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,055 shares of the company’s stock after buying an additional 13,263 shares during the period. Calvert Investment Management Inc.’s holdings in Coca-Cola were worth $13,556,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KO. Dana Investment Advisors Inc. increased its position in shares of Coca-Cola by 62.4% in the second quarter. Dana Investment Advisors Inc. now owns 13,904 shares of the company’s stock valued at $630,000 after buying an additional 5,343 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Coca-Cola by 6.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 299,199 shares of the company’s stock valued at $13,563,000 after buying an additional 18,940 shares in the last quarter. Bancorpsouth Inc. increased its position in shares of Coca-Cola by 2.0% in the second quarter. Bancorpsouth Inc. now owns 69,160 shares of the company’s stock valued at $3,135,000 after buying an additional 1,333 shares in the last quarter. Chickasaw Capital Management LLC increased its position in shares of Coca-Cola by 1.4% in the second quarter. Chickasaw Capital Management LLC now owns 63,639 shares of the company’s stock valued at $2,885,000 after buying an additional 897 shares in the last quarter. Finally, Exane Derivatives increased its position in shares of Coca-Cola by 49.7% in the second quarter. Exane Derivatives now owns 27,583 shares of the company’s stock valued at $1,250,000 after buying an additional 9,153 shares in the last quarter. Institutional investors own 64.42% of the company’s stock.

Shares of Coca-Cola Co. (NYSE:KO) traded down 0.09% during midday trading on Monday, reaching $42.10. 7,659,863 shares of the company were exchanged. Coca-Cola Co. has a 52-week low of $38.47 and a 52-week high of $47.13. The stock has a 50-day moving average price of $43.60 and a 200 day moving average price of $44.80. The company has a market capitalization of $181.70 billion, a P/E ratio of 24.22 and a beta of 0.57.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The firm had revenue of $11.50 billion for the quarter, compared to analysts’ expectations of $11.69 billion. During the same period last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities research analysts expect that Coca-Cola Co. will post $1.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.40 annualized dividend and a yield of 3.33%. Coca-Cola’s dividend payout ratio (DPR) is presently 80.46%.

KO has been the subject of several analyst reports. Citigroup Inc. reiterated a “buy” rating on shares of Coca-Cola in a research report on Sunday, May 22nd. Vetr downgraded Coca-Cola from a “buy” rating to a “hold” rating and set a $45.83 price objective for the company. in a research report on Tuesday, May 24th. Susquehanna reiterated a “hold” rating and set a $39.00 price objective on shares of Coca-Cola in a research report on Sunday, June 5th. Zacks Investment Research upgraded Coca-Cola from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $45.00 price objective (down from $47.00) on shares of Coca-Cola in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $46.75.

About Coca-Cola

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 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.

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