Foster Dykema Cabot & Co. Inc. MA trimmed its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,041 shares of the company’s stock after selling 1,350 shares during the quarter. Coca-Cola Company (The) makes up about 0.5% of Foster Dykema Cabot & Co. Inc. MA’s portfolio, making the stock its 25th largest holding. Foster Dykema Cabot & Co. Inc. MA’s holdings in Coca-Cola Company (The) were worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its position in Coca-Cola Company (The) by 1.2% during the 1st quarter. State Street Corp now owns 173,789,519 shares of the company’s stock worth $7,375,663,000 after purchasing an additional 2,009,675 shares in the last quarter. Legal & General Group Plc increased its position in Coca-Cola Company (The) by 4.0% during the 1st quarter. Legal & General Group Plc now owns 20,535,490 shares of the company’s stock worth $871,552,000 after purchasing an additional 789,178 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Coca-Cola Company (The) by 2.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,219,699 shares of the company’s stock worth $817,154,000 after purchasing an additional 481,607 shares in the last quarter. Clearbridge Investments LLC increased its position in Coca-Cola Company (The) by 8.1% during the 1st quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock worth $683,791,000 after purchasing an additional 1,208,498 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Coca-Cola Company (The) by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,687,859 shares of the company’s stock worth $496,033,000 after purchasing an additional 41,520 shares in the last quarter. Institutional investors and hedge funds own 64.62% of the company’s stock.

KO has been the subject of several recent research reports. Jefferies Group LLC restated a “hold” rating and issued a $47.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. BMO Capital Markets restated a “hold” rating and issued a $47.00 price target on shares of Coca-Cola Company (The) in a research report on Friday, October 27th. Credit Suisse Group set a $51.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Susquehanna Bancshares Inc set a $41.00 price target on shares of Coca-Cola Company (The) and gave the company a “hold” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $47.16.

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Coca-Cola Company (KO) opened at $45.97 on Friday. The company has a market capitalization of $195.48 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 3.89 and a beta of 0.70. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a net margin of 12.20% and a return on equity of 36.21%. The business had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. Coca-Cola Company (The)’s revenue was down 14.6% on a year-over-year basis. equities analysts anticipate that Coca-Cola Company will post 1.9 EPS for the current fiscal 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 dividend yield of 3.22%. The ex-dividend date is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 140.95%.

In other Coca-Cola Company (The) news, VP Kathy N. Waller sold 8,952 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $45.77, for a total value of $409,733.04. Following the transaction, the vice president now directly owns 109,508 shares of the company’s stock, valued at $5,012,181.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the transaction, the insider now directly owns 136,385 shares in the company, valued at $6,287,348.50. The disclosure for this sale can be found here. Insiders sold 144,241 shares of company stock worth $6,636,411 over the last ninety days. Insiders own 1.51% of the company’s stock.

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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