Mizuho Securities USA Inc. boosted its stake in Coca-Cola Company (The) (NYSE:KO) by 414.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,814 shares of the company’s stock after buying an additional 24,829 shares during the period. Mizuho Securities USA Inc.’s holdings in Coca-Cola Company (The) were worth $1,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC increased its position in Coca-Cola Company (The) by 10.0% in the second quarter. MCF Advisors LLC now owns 2,208 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in Coca-Cola Company (The) by 6.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,377 shares of the company’s stock valued at $101,000 after buying an additional 150 shares during the last quarter. Lowe fs LLC increased its position in Coca-Cola Company (The) by 28.2% in the third quarter. Lowe fs LLC now owns 2,731 shares of the company’s stock valued at $116,000 after buying an additional 600 shares during the last quarter. Lenox Wealth Management Inc. increased its position in Coca-Cola Company (The) by 38.0% in the second quarter. Lenox Wealth Management Inc. now owns 2,611 shares of the company’s stock valued at $118,000 after buying an additional 719 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in Coca-Cola Company (The) by 318.1% in the second quarter. Global X Management Co. LLC now owns 3,203 shares of the company’s stock valued at $145,000 after buying an additional 2,437 shares during the last quarter. Hedge funds and other institutional investors own 62.73% of the company’s stock.

Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

Shares of Coca-Cola Company (NYSE:KO) traded down 0.17% during midday trading on Friday, hitting $40.88. 8,114,913 shares of the stock traded hands. The firm has a 50-day moving average price of $41.34 and a 200-day moving average price of $42.70. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $47.13. The stock has a market capitalization of $176.31 billion, a P/E ratio of 24.79 and a beta of 0.65.

Coca-Cola Company (The) (NYSE:KO) last posted its earnings results on Wednesday, October 26th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Coca-Cola Company (The) had a net margin of 16.99% and a return on equity of 32.47%. The business had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.47 billion. During the same period last year, the company earned $0.51 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year. On average, equities analysts predict that Coca-Cola Company will post $1.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, November 29th. This represents a $1.40 annualized dividend and a yield of 3.42%. Coca-Cola Company (The)’s dividend payout ratio is presently 84.85%.

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KO has been the topic of a number of analyst reports. RBC Capital Markets set a $49.00 target price on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Thursday, October 13th. Citigroup Inc. reissued a “buy” rating and issued a $50.00 target price on shares of Coca-Cola Company (The) in a research note on Monday, September 19th. Vetr lowered shares of Coca-Cola Company (The) from a “strong-buy” rating to a “buy” rating and set a $46.93 price target on the stock. in a research report on Thursday, September 15th. Morningstar, Inc. restated a “buy” rating on shares of Coca-Cola Company (The) in a research report on Friday, December 9th. Finally, Sanford C. Bernstein set a $48.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Friday, January 6th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. Coca-Cola Company (The) presently has an average rating of “Hold” and a consensus target price of $46.12.

In related news, VP Kathy N. Waller sold 36,342 shares of Coca-Cola Company (The) stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $42.06, for a total transaction of $1,528,544.52. Following the sale, the vice president now directly owns 104,345 shares in the company, valued at approximately $4,388,750.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.54% of the company’s stock.

About Coca-Cola Company (The)

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.

5 Day Chart for NYSE:KO

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