First National Bank of Omaha decreased its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 17.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,057 shares of the company’s stock after selling 12,003 shares during the period. First National Bank of Omaha’s holdings in Coca-Cola Company (The) were worth $2,514,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in KO. Norges Bank purchased a new stake in Coca-Cola Company (The) during the fourth quarter valued at about $1,486,731,000. Aristotle Capital Management LLC raised its stake in Coca-Cola Company (The) by 17,376.6% in the fourth quarter. Aristotle Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $202,883,000 after buying an additional 4,865,457 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in 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 valued at $361,344,000 after buying an additional 3,387,300 shares in the last quarter. State Street Corp raised its stake in 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 valued at $7,375,663,000 after buying an additional 2,009,675 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in 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 valued at $683,791,000 after buying an additional 1,208,498 shares in the last quarter. Institutional investors own 63.68% of the company’s stock.

Coca-Cola Company (NYSE:KO) traded up 0.3610% during trading on Thursday, hitting $45.7546. The company had a trading volume of 3,593,633 shares. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43. The firm has a 50-day moving average of $45.11 and a 200 day moving average of $43.53. The company has a market capitalization of $195.16 billion, a price-to-earnings ratio of 48.3153 and a beta of 0.69.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors 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 dividend on an annualized basis and a dividend yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

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KO has been the topic of several research reports. Jefferies Group LLC reissued a “neutral” rating and set a $45.00 price target (up from $42.00) on shares of Coca-Cola Company (The) in a research report on Tuesday, April 18th. UBS AG set a $48.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Tuesday, April 18th. Credit Suisse Group raised Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and upped their price target for the company from $44.00 to $49.00 in a research report on Wednesday, April 19th. Zacks Investment Research raised Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Friday, April 21st. Finally, Vetr raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target on the stock in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $45.70.

In related news, insider Francisco Crespo sold 7,700 shares of Coca-Cola Company (The) stock in a transaction on Friday, July 28th. The stock was sold at an average price of $46.01, for a total transaction of $354,277.00. Following the completion of the sale, the insider now directly owns 29,943 shares of the company’s stock, valued at $1,377,677.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer K. Mann sold 8,819 shares of Coca-Cola Company (The) stock in a transaction on Monday, August 7th. The stock was sold at an average price of $45.61, for a total value of $402,234.59. Following the sale, the insider now directly owns 30,553 shares of the company’s stock, valued at $1,393,522.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 614,841 shares of company stock valued at $27,900,186. 1.51% of the stock is owned by insiders.

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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