Schmidt P J Investment Management Inc. decreased its position in Coca-Cola Company (The) (NYSE:KO) by 3.6% during the third quarter, Holdings Channel reports. The firm owned 24,370 shares of the company’s stock after selling 900 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Coca-Cola Company (The) were worth $1,031,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Coca-Cola Company (The) by 2.0% in the second quarter. Vanguard Group Inc. now owns 273,897,295 shares of the company’s stock worth $12,415,764,000 after buying an additional 5,478,675 shares in the last quarter. Capital Research Global Investors increased its stake in Coca-Cola Company (The) by 4.1% in the second quarter. Capital Research Global Investors now owns 79,080,741 shares of the company’s stock worth $3,584,730,000 after buying an additional 3,091,367 shares in the last quarter. BlackRock Fund Advisors increased its stake in Coca-Cola Company (The) by 4.7% in the second quarter. BlackRock Fund Advisors now owns 58,761,795 shares of the company’s stock worth $2,663,672,000 after buying an additional 2,641,790 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Coca-Cola Company (The) by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 47,084,172 shares of the company’s stock worth $2,134,326,000 after buying an additional 1,077,013 shares in the last quarter. Finally, Capital International Investors increased its stake in Coca-Cola Company (The) by 1.6% in the second quarter. Capital International Investors now owns 38,223,601 shares of the company’s stock worth $1,732,676,000 after buying an additional 588,043 shares in the last quarter. 62.73% of the stock is currently owned by institutional investors.

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

Coca-Cola Company (NYSE:KO) traded down 0.17% during trading on Friday, reaching $40.88. The company had a trading volume of 8,123,494 shares. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $47.13. The firm has a market capitalization of $176.31 billion, a P/E ratio of 24.79 and a beta of 0.65. The company has a 50-day moving average of $41.33 and a 200-day moving average of $42.68.

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

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

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A number of equities research analysts have commented on KO shares. Citigroup Inc. restated a “buy” rating and issued a $50.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, September 19th. Sanford C. Bernstein set a $48.00 price objective on Coca-Cola Company (The) and gave the company a “buy” rating in a report on Friday, January 6th. Zacks Investment Research downgraded Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, December 27th. Vetr upgraded Coca-Cola Company (The) from a “buy” rating to a “strong-buy” rating and set a $46.56 price objective on the stock in a report on Tuesday, October 11th. Finally, Jefferies Group set a $43.00 price objective on Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Wednesday, December 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.12.

In other Coca-Cola Company (The) 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 stock was sold at an average price of $42.06, for a total value of $1,528,544.52. Following the completion of the transaction, the vice president now directly owns 104,345 shares in the company, valued at $4,388,750.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.54% of the stock is owned by corporate insiders.

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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