Achmea Investment Management B.V. acquired a new position in shares of Coca-Cola Company (The) (NYSE:KO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 255,927 shares of the company’s stock, valued at approximately $10,861,000.

Several other institutional investors have also recently added to or reduced their stakes in KO. Portfolio Solutions LLC bought a new stake in shares of Coca-Cola Company (The) during the first quarter worth $108,000. Signature Estate & Investment Advisors LLC increased its stake in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Coca-Cola Company (The) by 8.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after buying an additional 264 shares in the last quarter. Welch Investments LLC increased its stake in shares of Coca-Cola Company (The) by 26.5% in the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after buying an additional 733 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new stake in shares of Coca-Cola Company (The) during the first quarter worth $150,000. Institutional investors own 63.80% of the company’s stock.

Coca-Cola Company (KO) traded up 0.31% during mid-day trading on Tuesday, reaching $45.94. 1,733,147 shares of the company traded hands. The firm has a market capitalization of $195.95 billion, a P/E ratio of 48.51 and a beta of 0.69. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.42. The company’s 50 day moving average price is $45.16 and its 200 day moving average price is $43.62.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The company had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. Coca-Cola Company (The)’s quarterly revenue was down 15.9% compared to the same quarter last year. Equities research analysts predict that Coca-Cola Company will post $1.90 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.23%. Coca-Cola Company (The)’s payout ratio is presently 154.17%.

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A number of equities research analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Coca-Cola Company (The) in a research note on Tuesday, April 25th. Vetr raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 target price on the stock in a research note on Monday, April 24th. UBS AG set a $48.00 target price on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Tuesday, April 18th. Credit Suisse Group reaffirmed a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $41.00 target price on shares of Coca-Cola Company (The) in a research note on Monday, April 24th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. Coca-Cola Company (The) currently has a consensus rating of “Hold” and an average target price of $45.70.

In other Coca-Cola Company (The) news, insider Robert Edward Long sold 26,470 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $45.88, for a total value of $1,214,443.60. Following the sale, the insider now owns 45,393 shares in the company, valued at $2,082,630.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the completion of the sale, the insider now owns 118,000 shares in the company, valued at approximately $5,333,600. The disclosure for this sale can be found here. Insiders have sold a total of 650,263 shares of company stock worth $29,524,363 in the last 90 days. 1.51% of the stock is currently owned by insiders.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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

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