Financial Advisory Group boosted its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,742 shares of the company’s stock after purchasing an additional 433 shares during the quarter. Financial Advisory Group’s holdings in Coca-Cola Company (The) were worth $302,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Summit Financial Group Inc. purchased a new position in Coca-Cola Company (The) during the second quarter worth approximately $2,779,000. Global X Management Co. LLC boosted its position in Coca-Cola Company (The) by 6.0% during the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after purchasing an additional 12,513 shares in the last quarter. Montecito Bank & Trust boosted its position in Coca-Cola Company (The) by 90.2% during the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after purchasing an additional 60,258 shares in the last quarter. BB&T Corp boosted its position in Coca-Cola Company (The) by 9.5% during the second quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after purchasing an additional 78,932 shares in the last quarter. Finally, Keystone Financial Planning Inc. boosted its position in Coca-Cola Company (The) by 2.1% during the first quarter. Keystone Financial Planning Inc. now owns 120,433 shares of the company’s stock worth $5,111,000 after purchasing an additional 2,465 shares in the last quarter. Institutional investors own 65.09% of the company’s stock.

KO has been the subject of a number of research analyst reports. Jefferies Group LLC set a $47.00 target price on Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Friday, October 13th. Royal Bank Of Canada reissued a “buy” rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a report on Wednesday, September 6th. Citigroup Inc. set a $53.00 target price on Coca-Cola Company (The) and gave the company a “buy” rating in a report on Thursday, August 3rd. UBS AG increased their target price on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, increased their target price on Coca-Cola Company (The) from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $47.71.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the sale, the insider now owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.51% of the stock is currently owned by company insiders.

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Shares of Coca-Cola Company (KO) opened at $45.84 on Friday. Coca-Cola Company has a fifty-two week low of $39.88 and a fifty-two week high of $47.48. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The company has a market capitalization of $195,308.97, a P/E ratio of 24.25, a P/E/G ratio of 3.88 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The firm had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. research analysts forecast that Coca-Cola Company will post 1.9 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.37 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.23%. Coca-Cola Company (The)’s dividend payout ratio is presently 140.95%.

Coca-Cola Company (The) 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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