Two Sigma Securities LLC boosted its stake in Coca-Cola Company (The) (NYSE:KO) by 14.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 29,643 shares of the company’s stock after buying an additional 3,803 shares during the period. Two Sigma Securities LLC’s holdings in Coca-Cola Company (The) were worth $1,258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KO. Thrivent Financial for Lutherans boosted its position in shares of Coca-Cola Company (The) by 0.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 867,108 shares of the company’s stock valued at $35,954,000 after buying an additional 5,319 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in shares of Coca-Cola Company (The) by 5.1% in the fourth quarter. Pittenger & Anderson Inc. now owns 31,155 shares of the company’s stock valued at $1,292,000 after buying an additional 1,500 shares in the last quarter. IFM Investors Pty Ltd purchased a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at about $2,170,000. Heritage Way Advisors LLC purchased a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at about $2,346,000. Finally, LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at about $1,552,000. Hedge funds and other institutional investors own 63.68% of the company’s stock.

Coca-Cola Company (NYSE KO) traded down 0.33% during trading on Friday, hitting $45.59. The stock had a trading volume of 8,357,607 shares. The stock’s 50-day moving average is $45.14 and its 200-day moving average is $43.57. The stock has a market capitalization of $194.46 billion, a PE ratio of 48.14 and a beta of 0.69. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.43.

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

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

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Several brokerages have recently issued reports on KO. Deutsche Bank AG restated a “hold” rating and issued a $46.00 target price (up previously from $44.00) on shares of Coca-Cola Company (The) in a report 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 target price on the stock in a report on Friday, July 28th. BMO Capital Markets cut their target price on shares of Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating on the stock in a report on Monday, July 31st. Vetr cut shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 target price on the stock. in a report on Monday, June 5th. Finally, BidaskClub upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.70.

In related news, insider Irial Finan sold 354,146 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the completion of the sale, the insider now directly owns 780,258 shares in the company, valued at approximately $35,111,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Francisco Crespo sold 7,700 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $46.01, for a total value of $354,277.00. Following the sale, the insider now owns 29,943 shares of the company’s stock, valued at $1,377,677.43. The disclosure for this sale can be found here. Insiders have sold a total of 614,841 shares of company stock valued at $27,900,186 over the last 90 days. 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.

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

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