Allen Holding Inc. NY maintained its stake in Coca-Cola Company (The) (NYSE:KO) during the first quarter, Holdings Channel reports. The firm owned 6,000,000 shares of the company’s stock at the end of the first quarter. Coca-Cola Company (The) comprises 53.8% of Allen Holding Inc. NY’s holdings, making the stock its largest position. Allen Holding Inc. NY’s holdings in Coca-Cola Company (The) were worth $254,640,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of KO. Norges Bank acquired a new stake in Coca-Cola Company (The) during the fourth quarter valued at approximately $1,486,731,000. Legal & General Group Plc boosted its stake in Coca-Cola Company (The) by 4.0% in the first quarter. Legal & General Group Plc now owns 20,535,490 shares of the company’s stock valued at $871,552,000 after buying an additional 789,178 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Coca-Cola Company (The) by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,738,092 shares of the company’s stock valued at $752,805,000 after buying an additional 1,001,984 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Coca-Cola Company (The) by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,687,859 shares of the company’s stock valued at $496,033,000 after buying an additional 41,520 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Coca-Cola Company (The) by 1.9% in the first quarter. Fisher Asset Management LLC now owns 10,798,577 shares of the company’s stock valued at $458,292,000 after buying an additional 198,394 shares in the last quarter. 63.68% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Company (NYSE KO) traded up 0.18% during mid-day trading on Thursday, hitting $45.67. 1,517,491 shares of the stock traded hands. The firm has a market cap of $194.80 billion, a P/E ratio of 48.23 and a beta of 0.69. The firm’s 50-day moving average price is $45.11 and its 200-day moving average price is $43.53. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.43.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. On average, equities analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.25%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 154.17%.

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Several equities analysts recently weighed in on the company. Barclays PLC set a $45.00 price objective on Coca-Cola Company (The) and gave the company a “neutral” rating in a research note on Wednesday, July 19th. UBS AG raised their price objective on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Citigroup Inc. set a $53.00 price objective on Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Thursday, August 3rd. BMO Capital Markets reissued a “buy” rating and set a $46.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday, April 26th. Finally, BidaskClub downgraded Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.70.

In other Coca-Cola Company (The) news, insider Irial Finan sold 354,146 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. Following the transaction, the insider now directly owns 780,258 shares of the company’s stock, valued at $35,111,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Beatriz R. Perez sold 29,282 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the completion of the transaction, the insider now directly owns 118,000 shares in the company, valued at $5,333,600. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 614,841 shares of company stock valued at $27,900,186. Corporate insiders own 1.51% of the company’s stock.

Coca-Cola Company (The) Company Profile

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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