Northeast Investment Management decreased its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,625 shares of the company’s stock after selling 1,124 shares during the quarter. Northeast Investment Management’s holdings in Coca-Cola Company (The) were worth $1,912,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Canada Pension Plan Investment Board increased its stake in shares of Coca-Cola Company (The) by 66.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,514,228 shares of the company’s stock worth $361,344,000 after acquiring an additional 3,387,300 shares during the period. State Street Corp increased its stake in shares of Coca-Cola Company (The) by 1.2% in the first quarter. State Street Corp now owns 173,789,519 shares of the company’s stock worth $7,375,663,000 after acquiring an additional 2,009,675 shares during the period. First Trust Advisors LP increased its stake in shares of Coca-Cola Company (The) by 151.8% in the second quarter. First Trust Advisors LP now owns 2,306,887 shares of the company’s stock worth $103,464,000 after acquiring an additional 1,390,617 shares during the period. Clearbridge Investments LLC increased its stake in shares of Coca-Cola Company (The) by 8.1% in the first quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock worth $683,791,000 after acquiring an additional 1,208,498 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in shares of Coca-Cola Company (The) by 30.5% in the second quarter. State of Wisconsin Investment Board now owns 4,466,832 shares of the company’s stock worth $200,337,000 after acquiring an additional 1,044,330 shares during the period. Institutional investors and hedge funds own 64.92% of the company’s stock.

In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 338,009 shares of Coca-Cola Company (The) stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian John Smith sold 100,000 shares of Coca-Cola Company (The) stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the transaction, the insider now directly owns 136,385 shares in the company, valued at $6,287,348.50. The disclosure for this sale can be found here. 1.51% of the stock is owned by insiders.

Coca-Cola Company (NYSE KO) opened at $46.54 on Monday. 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 firm has a market cap of $198,291.45, a PE ratio of 24.62, a PEG ratio of 3.94 and a beta of 0.70. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.98.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 140.95%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. BMO Capital Markets reiterated a “hold” rating and issued a $47.00 price objective on shares of Coca-Cola Company (The) in a research note on Friday, October 27th. Societe Generale set a $47.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Credit Suisse Group set a $51.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Goldman Sachs Group, Inc. (The) set a $45.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “sell” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the stock. Coca-Cola Company (The) currently has a consensus rating of “Hold” and an average price target of $47.16.

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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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