Advisors Asset Management Inc. lifted its position in shares of Coca-Cola Company (The) (NYSE:KO) by 16.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 856,463 shares of the company’s stock after purchasing an additional 119,277 shares during the quarter. Coca-Cola Company (The) accounts for 0.6% of Advisors Asset Management Inc.’s portfolio, making the stock its 13th largest position. Advisors Asset Management Inc.’s holdings in Coca-Cola Company (The) were worth $38,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. North American Management Corp boosted its position in shares of Coca-Cola Company (The) by 10.3% during the second quarter. North American Management Corp now owns 6,435 shares of the company’s stock worth $289,000 after purchasing an additional 600 shares in the last quarter. Summit Financial Group Inc. acquired a new stake in shares of Coca-Cola Company (The) during the second quarter worth $2,779,000. Global X Management Co. LLC raised its holdings in shares of Coca-Cola Company (The) by 6.0% during the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after acquiring an additional 12,513 shares during the period. Montecito Bank & Trust raised its holdings in shares of Coca-Cola Company (The) by 90.2% during the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after acquiring an additional 60,258 shares during the period. Finally, BB&T Corp raised its holdings in shares of Coca-Cola Company (The) by 9.5% during the second quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after acquiring an additional 78,932 shares during the period. 64.62% of the stock is currently owned by institutional investors.

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In related news, insider Jennifer K. Mann sold 8,819 shares of Coca-Cola Company (The) stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $45.61, for a total transaction of $402,234.59. Following the completion of the sale, the insider now owns 30,553 shares of the company’s stock, valued at approximately $1,393,522.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Edward Long sold 26,470 shares of Coca-Cola Company (The) stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $45.88, for a total transaction of $1,214,443.60. Following the sale, the insider now directly owns 45,393 shares of the company’s stock, valued at approximately $2,082,630.84. The disclosure for this sale can be found here. Insiders have sold a total of 144,241 shares of company stock valued at $6,636,411 in the last ninety days. 1.51% of the stock is currently owned by insiders.

Shares of Coca-Cola Company (NYSE:KO) opened at $45.97 on Friday. The company has a market cap of $195,862.86, a PE ratio of 24.32, a P/E/G ratio of 3.89 and a beta of 0.70. 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 twelve month low of $39.88 and a twelve month high of $46.98.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. Coca-Cola Company (The) had a net margin of 12.20% and a return on equity of 36.21%. Coca-Cola Company (The)’s revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. analysts forecast that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, November 30th. Coca-Cola Company (The)’s payout ratio is 140.95%.

A number of equities research analysts recently commented on KO shares. Vetr upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “hold” rating and set a $43.06 price objective on the stock in a report on Monday, July 10th. Sanford C. Bernstein set a $49.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Tuesday, July 11th. BMO Capital Markets restated a “hold” rating and set a $46.00 price objective on shares of Coca-Cola Company (The) in a report on Wednesday, July 12th. BidaskClub lowered shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective on shares of Coca-Cola Company (The) in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $47.16.

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.

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

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