Trust Co. of Toledo NA OH boosted its position in Coca-Cola Company (The) (NYSE:KO) by 13.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,652 shares of the company’s stock after purchasing an additional 14,245 shares during the period. Coca-Cola Company (The) comprises approximately 1.4% of Trust Co. of Toledo NA OH’s holdings, making the stock its 13th largest position. Trust Co. of Toledo NA OH’s holdings in Coca-Cola Company (The) were worth $5,501,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC lifted its position in shares of Coca-Cola Company (The) by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after acquiring an additional 129 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of Coca-Cola Company (The) by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after acquiring an additional 264 shares during the period. Perkins Coie Trust Co lifted its position in shares of Coca-Cola Company (The) by 21.9% during the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after acquiring an additional 572 shares during the period. Welch Investments LLC lifted its position in shares of Coca-Cola Company (The) by 26.5% during the 1st quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after acquiring an additional 733 shares during the period. Finally, Feltz Wealth PLAN Inc. acquired a new stake in shares of Coca-Cola Company (The) during the 1st quarter valued at approximately $150,000. Hedge funds and other institutional investors own 64.62% of the company’s stock.

Coca-Cola Company (NYSE:KO) traded up 0.22% during trading on Friday, hitting $45.01. 10,082,221 shares of the company traded hands. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. The firm has a 50 day moving average of $45.85 and a 200 day moving average of $44.43. The firm has a market cap of $191.98 billion, a P/E ratio of 47.53 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the prior year, the business posted $0.60 EPS. Coca-Cola Company (The)’s quarterly revenue was down 15.9% on a year-over-year basis. On average, analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.29%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 154.17%.

A number of equities research analysts have recently issued reports on KO shares. Barclays PLC set a $45.00 price target on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday, September 6th. UBS AG lifted their price target on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Citigroup Inc. set a $53.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, HSBC Holdings plc lifted their price target on shares of Coca-Cola Company (The) from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.12.

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In other news, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the transaction, the senior vice president now owns 98,718 shares in the company, valued at approximately $4,541,028. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the transaction, the insider now owns 26,567 shares in the company, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,835 shares of company stock worth $16,874,246. 1.51% of the stock is currently owned by company insiders.

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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