Train Babcock Advisors LLC trimmed its stake in Coca-Cola Company (The) (NYSE:KO) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,600 shares of the company’s stock after selling 300 shares during the period. Train Babcock Advisors LLC’s holdings in Coca-Cola Company (The) were worth $520,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Jennison Associates LLC bought a new position in shares of Coca-Cola Company (The) in the 2nd quarter valued at approximately $14,154,000. Financial Advisors Network Inc. increased its position in Coca-Cola Company (The) by 0.7% in the 2nd quarter. Financial Advisors Network Inc. now owns 16,440 shares of the company’s stock worth $737,000 after buying an additional 117 shares during the period. BB&T Securities LLC increased its position in Coca-Cola Company (The) by 22.4% in the 2nd quarter. BB&T Securities LLC now owns 1,031,724 shares of the company’s stock worth $46,273,000 after buying an additional 188,535 shares during the period. Security National Trust Co. increased its position in Coca-Cola Company (The) by 1.1% in the 2nd quarter. Security National Trust Co. now owns 53,766 shares of the company’s stock worth $2,410,000 after buying an additional 602 shares during the period. Finally, Blair William & Co. IL increased its position in Coca-Cola Company (The) by 8.5% in the 2nd quarter. Blair William & Co. IL now owns 351,246 shares of the company’s stock worth $15,753,000 after buying an additional 27,641 shares during the period. 64.92% of the stock is currently owned by institutional investors and hedge funds.

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Several brokerages have commented on KO. Credit Suisse Group reaffirmed a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Macquarie began coverage on Coca-Cola Company (The) in a research report on Friday, September 15th. They issued a “neutral” rating and a $47.00 price target on the stock. Zacks Investment Research downgraded Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub raised Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Susquehanna Bancshares Inc set a $39.00 price target on Coca-Cola Company (The) and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $47.16.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the sale, the insider now owns 320,013 shares in the company, valued at $14,749,399.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total value 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 disclosure for this sale can be found here. 1.51% of the stock is currently owned by insiders.

Coca-Cola Company (NYSE:KO) opened at $46.72 on Tuesday. 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 $198,291.45, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.94 and a beta of 0.70. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is currently 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.

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

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