Buffington Mohr McNeal bought a new stake in shares of Coca-Cola Company (The) (NYSE:KO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,749 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Delta Asset Management LLC TN lifted its position in Coca-Cola Company (The) by 0.4% during the first quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock valued at $1,152,000 after purchasing an additional 96 shares during the period. New England Research & Management Inc. increased its holdings in Coca-Cola Company (The) by 0.8% in the second quarter. New England Research & Management Inc. now owns 13,193 shares of the company’s stock valued at $592,000 after buying an additional 100 shares in the last quarter. Iowa State Bank increased its holdings in Coca-Cola Company (The) by 2.1% in the second quarter. Iowa State Bank now owns 5,400 shares of the company’s stock valued at $242,000 after buying an additional 113 shares in the last quarter. SignalPoint Asset Management LLC increased its holdings in Coca-Cola Company (The) by 1.2% in the first quarter. SignalPoint Asset Management LLC now owns 10,222 shares of the company’s stock valued at $434,000 after buying an additional 125 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its holdings in 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 valued at $116,000 after buying an additional 129 shares in the last quarter. Institutional investors own 64.62% of the company’s stock.

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In related news, insider Robert Edward Long sold 26,470 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $45.88, for a total value of $1,214,443.60. Following the completion of the sale, the insider now directly 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 available through the SEC website. Also, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,835 shares of company stock valued at $16,874,246. 1.51% of the stock is owned by insiders.

A number of research analysts have weighed in on KO shares. Daiwa Capital Markets started coverage on shares of Coca-Cola Company (The) in a report on Tuesday, June 13th. They issued an “outperform” rating and a $48.60 price objective for the company. Vetr cut shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $43.11 price objective for the company. in a report on Tuesday, June 20th. BidaskClub cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Coca-Cola Company (The) in a report on Thursday, July 6th. Finally, Sanford C. Bernstein set a $49.00 price objective on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $46.12.

Shares of Coca-Cola Company (KO) traded down 0.29% during trading on Friday, hitting $45.39. 2,174,664 shares of the stock traded hands. The firm has a market cap of $193.60 billion, a PE ratio of 47.93 and a beta of 0.70. The company’s 50 day moving average is $45.70 and its 200 day moving average is $44.67. 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 some unusual options trading activity on Thursday. Stock traders purchased 24,655 call options on the company. This represents an increase of 166% compared to the average daily volume of 9,286 call options.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. Coca-Cola Company (The)’s revenue was down 15.9% compared to the same quarter last year. On average, equities research analysts predict that Coca-Cola Company will post $1.90 EPS for the current year.

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

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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