Davis R M Inc. reduced its position in Coca-Cola Company (The) (NYSE:KO) by 11.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,071 shares of the company’s stock after selling 4,540 shares during the period. Davis R M Inc.’s holdings in Coca-Cola Company (The) were worth $1,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Portfolio Solutions LLC bought a new stake in Coca-Cola Company (The) during the first quarter valued at $108,000. Signature Estate & Investment Advisors LLC raised 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 valued at $116,000 after buying an additional 129 shares in the last quarter. Welch Investments LLC raised its stake in Coca-Cola Company (The) by 26.5% in the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after buying an additional 733 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new stake in Coca-Cola Company (The) during the first quarter valued at $150,000. Finally, Cribstone Capital Management LLC raised its stake in Coca-Cola Company (The) by 44.7% in the first quarter. Cribstone Capital Management LLC now owns 4,020 shares of the company’s stock valued at $171,000 after buying an additional 1,241 shares in the last quarter. Hedge funds and other institutional investors own 64.67% of the company’s stock.

Shares of Coca-Cola Company (NYSE KO) traded down 0.04% during midday trading on Wednesday, hitting $45.43. The stock had a trading volume of 1,695,319 shares. The stock’s 50 day moving average price is $45.35 and its 200 day moving average price is $43.87. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.42. The firm has a market cap of $193.77 billion, a price-to-earnings ratio of 47.97 and a beta of 0.69.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given 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 yield of 3.26%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

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Several analysts have recently weighed in on KO shares. UBS AG reiterated a “buy” rating and issued a $48.00 price objective on shares of Coca-Cola Company (The) in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Tuesday, June 27th. Sanford C. Bernstein set a $49.00 price objective on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Tuesday, July 11th. Credit Suisse Group reiterated a “buy” rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a research note on Monday, July 24th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $45.79.

In other Coca-Cola Company (The) news, insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the transaction, the insider now owns 118,000 shares in the company, valued at $5,333,600. The sale was disclosed in a document filed 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 stock was sold at an average price of $46.10, for a total value of $4,610,000.00. Following the transaction, the insider now owns 136,385 shares in the company, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. Insiders have sold 396,117 shares of company stock worth $18,197,793 in the last quarter. 1.51% of the stock is currently owned by company insiders.

Coca-Cola Company (The) Company 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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