Yacktman Asset Management LP cut its stake in Coca-Cola Company (The) (NYSE:KO) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,332,432 shares of the company’s stock after selling 182,242 shares during the quarter. Coca-Cola Company (The) comprises approximately 7.1% of Yacktman Asset Management LP’s investment portfolio, making the stock its 7th biggest position. Yacktman Asset Management LP owned about 0.38% of Coca-Cola Company (The) worth $732,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of KO. Canada Pension Plan Investment Board increased its stake in shares of Coca-Cola Company (The) by 66.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,514,228 shares of the company’s stock worth $361,344,000 after acquiring an additional 3,387,300 shares during the last quarter. State Street Corp increased its stake in shares of Coca-Cola Company (The) by 1.2% in the 1st quarter. State Street Corp now owns 173,789,519 shares of the company’s stock worth $7,375,663,000 after acquiring an additional 2,009,675 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Coca-Cola Company (The) by 151.8% in the 2nd quarter. First Trust Advisors LP now owns 2,306,887 shares of the company’s stock worth $103,464,000 after acquiring an additional 1,390,617 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Coca-Cola Company (The) by 8.1% in the 1st quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock worth $683,791,000 after acquiring an additional 1,208,498 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its stake in shares of Coca-Cola Company (The) by 30.5% in the 2nd quarter. State of Wisconsin Investment Board now owns 4,466,832 shares of the company’s stock worth $200,337,000 after acquiring an additional 1,044,330 shares during the last quarter. 64.79% of the stock is owned by institutional investors and hedge funds.

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A number of analysts recently issued reports on the company. Vetr raised Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Susquehanna Bancshares Inc set a $42.00 price objective on Coca-Cola Company (The) and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Friday, October 27th. Jefferies Group LLC reissued a “hold” rating and set a $47.00 price objective on shares of Coca-Cola Company (The) in a research report on Wednesday, October 25th. Finally, J P Morgan Chase & Co set a $48.00 price objective on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.16.

Shares of Coca-Cola Company (KO) opened at $46.54 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.98. 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 (The) (NYSE:KO) last issued its earnings results 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. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The business had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter last year, the company earned $0.49 EPS. The business’s quarterly revenue was down 14.6% on a year-over-year basis. research analysts forecast that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.

The firm also recently announced 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. This represents a $1.48 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 140.95%.

In other news, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the sale, the insider now directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The disclosure for this sale can be found here. 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.

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

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