Thomas Story & Son LLC decreased its stake in Coca-Cola Company (The) (NYSE:KO) by 28.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,515 shares of the company’s stock after selling 27,975 shares during the quarter. Coca-Cola Company (The) makes up about 1.8% of Thomas Story & Son LLC’s investment portfolio, making the stock its 19th largest position. Thomas Story & Son LLC’s holdings in Coca-Cola Company (The) were worth $3,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC boosted its stake 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 in the last quarter. Meeder Asset Management Inc. boosted its stake in Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after purchasing an additional 1,026 shares in the last quarter. Eagle Ridge Investment Management acquired a new position in Coca-Cola Company (The) in the second quarter worth $138,000. SRS Capital Advisors Inc. boosted its stake in Coca-Cola Company (The) by 8.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after purchasing an additional 264 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its stake in Coca-Cola Company (The) by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after purchasing an additional 572 shares in the last quarter. 64.92% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Company (NYSE KO) opened at $46.72 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The firm has a market capitalization 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 data on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. The company had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. Coca-Cola Company (The)’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. research analysts anticipate that Coca-Cola Company will post 1.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.17%. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

A number of research firms have commented on KO. Royal Bank Of Canada set a $49.00 price objective on Coca-Cola Company (The) and gave the stock a “buy” rating in a research note on Sunday. Zacks Investment Research lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. BMO Capital Markets reissued 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 Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, Credit Suisse Group set a $51.00 price objective on Coca-Cola Company (The) and gave the stock a “buy” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.16.

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 transaction of $15,578,834.81. Following the completion of 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 accessible through the SEC website. Also, insider Brian John Smith sold 100,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total value of $4,610,000.00. Following the transaction, the insider now directly owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The disclosure for this sale can be found here. 1.51% of the stock is owned by corporate insiders.

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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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