Steinberg Global Asset Management trimmed its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 21.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,655 shares of the company’s stock after selling 3,193 shares during the period. Steinberg Global Asset Management’s holdings in Coca-Cola Company (The) were worth $523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Signature Estate & Investment Advisors LLC boosted 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 worth $116,000 after purchasing an additional 129 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Coca-Cola Company (The) by 59.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after buying an additional 1,026 shares during the last quarter. Perkins Coie Trust Co boosted its stake in shares of Coca-Cola Company (The) by 21.9% in the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after buying an additional 572 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Coca-Cola Company (The) by 8.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after buying an additional 264 shares during the last quarter. Finally, Welch Investments LLC boosted its stake in shares of Coca-Cola Company (The) by 26.5% in the 1st quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after buying an additional 733 shares during the last quarter. Institutional investors and hedge funds own 64.62% of the company’s stock.

Coca-Cola Company (KO) opened at 45.19 on Wednesday. The company has a market cap of $192.75 billion, a PE ratio of 47.72 and a beta of 0.70. The firm’s 50-day moving average is $45.74 and its 200-day moving average is $44.66. 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 Monday. Stock traders bought 7,760 put options on the stock. This is an increase of approximately 284% compared to the typical daily volume of 2,020 put options.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given 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 3.28%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

A number of equities research analysts have issued reports on KO shares. BidaskClub downgraded Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday, June 27th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective on shares of Coca-Cola Company (The) in a report on Friday, July 14th. Cowen and Company restated a “hold” rating and set a $42.00 target price on shares of Coca-Cola Company (The) in a research report on Thursday, August 24th. Finally, Deutsche Bank AG restated a “hold” rating and set a $46.00 target price (up from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $46.12.

In other Coca-Cola Company (The) news, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the sale, the senior vice president now owns 98,718 shares of the company’s stock, valued at $4,541,028. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $46.01, for a total value of $1,111,417.56. Following the transaction, the insider now owns 26,567 shares in the company, valued at $1,222,347.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,835 shares of company stock worth $16,874,246. Corporate 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.

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

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