Benjamin F. Edwards & Company Inc. increased its position in shares of Coca-Cola Company (The) (NYSE:KO) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,180 shares of the company’s stock after buying an additional 75 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Coca-Cola Company (The) were worth $1,623,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Coca-Cola Company (The) by 1.2% during the 1st quarter. State Street Corp now owns 173,789,519 shares of the company’s stock worth $7,375,663,000 after buying an additional 2,009,675 shares during the period. Legal & General Group Plc increased its stake in Coca-Cola Company (The) by 4.0% during the 1st quarter. Legal & General Group Plc now owns 20,535,490 shares of the company’s stock worth $871,552,000 after buying an additional 789,178 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Coca-Cola Company (The) by 6.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,738,092 shares of the company’s stock worth $752,805,000 after buying an additional 1,001,984 shares during the period. Clearbridge Investments LLC increased its stake in Coca-Cola Company (The) by 8.1% during the 1st quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock worth $683,791,000 after buying an additional 1,208,498 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Coca-Cola Company (The) by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,687,859 shares of the company’s stock worth $496,033,000 after buying an additional 41,520 shares during the period. 64.62% of the stock is currently owned by hedge funds and other institutional investors.

KO has been the subject of several research analyst reports. Barclays PLC set a $45.00 target price on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Wednesday, September 6th. UBS AG boosted their target price on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Citigroup Inc. set a $53.00 target price on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, HSBC Holdings plc boosted their target price on shares of Coca-Cola Company (The) from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.12.

Shares of Coca-Cola Company (KO) opened at 45.49 on Friday. The firm has a market capitalization of $194.03 billion, a price-to-earnings ratio of 48.04 and a beta of 0.70. The stock has a 50 day moving average of $45.69 and a 200-day moving average of $44.69. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.98. Coca-Cola Company (The) also was the recipient of unusually large options trading activity on Thursday. Stock investors bought 24,655 call options on the company. This is an increase of approximately 166% compared to the typical daily volume of 9,286 call options.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The firm 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 earned $0.60 EPS. The company’s revenue was down 15.9% on a year-over-year basis. Analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

In other Coca-Cola Company (The) news, insider Brian John Smith sold 100,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the sale, the insider now owns 136,385 shares of the company’s stock, valued at approximately $6,287,348.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Francisco Crespo sold 7,700 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $46.01, for a total transaction of $354,277.00. Following the sale, the insider now directly owns 29,943 shares in the company, valued at approximately $1,377,677.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 366,835 shares of company stock worth $16,874,246. Insiders own 1.51% of the company’s stock.

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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.

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

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