Texan Capital Management trimmed its position in shares of Coca-Cola Company (The) (NYSE:KO) by 71.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,003 shares of the company’s stock after selling 29,820 shares during the quarter. Texan Capital Management’s holdings in Coca-Cola Company (The) were worth $538,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KO. Canada Pension Plan Investment Board raised its holdings in shares of Coca-Cola Company (The) by 66.1% during the first 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 period. State Street Corp raised its holdings in shares of Coca-Cola Company (The) by 1.2% during the first 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 period. Clearbridge Investments LLC raised its holdings in shares of Coca-Cola Company (The) by 8.1% during the first 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 period. Russell Investments Group Ltd. raised its holdings in shares of Coca-Cola Company (The) by 25.9% during the first quarter. Russell Investments Group Ltd. now owns 5,698,114 shares of the company’s stock worth $241,876,000 after acquiring an additional 1,172,329 shares during the period. Finally, WINTON GROUP Ltd raised its holdings in shares of Coca-Cola Company (The) by 16,325.5% during the first quarter. WINTON GROUP Ltd now owns 1,043,842 shares of the company’s stock worth $44,175,000 after acquiring an additional 1,037,487 shares during the period. 64.62% of the stock is currently owned by institutional investors.

In other Coca-Cola Company (The) news, insider Brian John Smith sold 100,000 shares of the stock in a transaction dated 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 owns 136,385 shares in the company, valued at $6,287,348.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider J Alexander Douglas, Jr. sold 180,738 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.99, for a total transaction of $8,312,140.62. Following the transaction, the insider now owns 315,606 shares of the company’s stock, valued at approximately $14,514,719.94. The disclosure for this sale can be found here. Insiders have sold 366,835 shares of company stock valued at $16,874,246 in the last 90 days. 1.51% of the stock is currently owned by corporate insiders.

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KO has been the topic of several recent research reports. Sanford C. Bernstein set a $49.00 price target 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 target on shares of Coca-Cola Company (The) in a research note on Monday, July 24th. UBS AG lifted their price target on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.12.

Shares of Coca-Cola Company (NYSE:KO) traded up 0.209% during mid-day trading on Thursday, hitting $45.595. 3,590,746 shares of the company traded hands. The stock has a market capitalization of $194.48 billion, a price-to-earnings ratio of 48.147 and a beta of 0.70. The firm has a 50-day moving average of $45.72 and a 200-day moving average of $44.67. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. Coca-Cola Company (The) also was the target of unusually large options trading activity on Monday. Traders purchased 7,760 put options on the company. This represents an increase of approximately 284% compared to the typical volume of 2,020 put options.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

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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