Franklin Street Advisors Inc. NC lifted its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 410.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 199,097 shares of the company’s stock after acquiring an additional 160,083 shares during the quarter. Coca-Cola Company (The) makes up approximately 1.5% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 21st biggest position. Franklin Street Advisors Inc. NC’s holdings in Coca-Cola Company (The) were worth $8,930,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Patten & Patten Inc. TN raised its holdings in Coca-Cola Company (The) by 12.5% during the first quarter. Patten & Patten Inc. TN now owns 212,749 shares of the company’s stock valued at $9,029,000 after acquiring an additional 23,642 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Coca-Cola Company (The) by 5.5% in the first quarter. Nisa Investment Advisors LLC now owns 1,402,170 shares of the company’s stock valued at $59,508,000 after acquiring an additional 72,710 shares in the last quarter. Quantitative Systematic Strategies LLC lifted its position in shares of Coca-Cola Company (The) by 513.3% in the first quarter. Quantitative Systematic Strategies LLC now owns 98,905 shares of the company’s stock valued at $4,197,000 after acquiring an additional 82,779 shares in the last quarter. Trust Department MB Financial Bank N A lifted its position in shares of Coca-Cola Company (The) by 3.4% in the first quarter. Trust Department MB Financial Bank N A now owns 10,974 shares of the company’s stock valued at $466,000 after acquiring an additional 360 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new position in shares of Coca-Cola Company (The) in the first quarter valued at about $150,000. Institutional investors own 64.62% of the company’s stock.

Coca-Cola Company (NYSE:KO) traded up 0.64% during midday trading on Wednesday, hitting $45.48. 6,538,648 shares of the stock traded hands. The stock has a 50-day moving average of $45.74 and a 200 day moving average of $44.66. The firm has a market cap of $193.99 billion, a PE ratio of 48.03 and a beta of 0.70. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.98. Coca-Cola Company (The) also was the recipient of unusually large options trading on Monday. Investors bought 7,760 put options on the company. This represents an increase of approximately 284% compared to the average volume of 2,020 put options.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The company 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%. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Equities analysts forecast that Coca-Cola Company will post $1.90 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein set a $49.00 price objective on Coca-Cola Company (The) and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Vetr upgraded Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Daiwa Capital Markets initiated coverage on Coca-Cola Company (The) in a research note on Tuesday, June 13th. They set an “outperform” rating and a $48.60 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Wednesday, September 6th. Finally, BidaskClub cut Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Coca-Cola Company (The) presently has an average rating of “Hold” and a consensus price target of $46.12.

In related news, insider Robert Edward Long sold 26,470 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $45.88, for a total transaction of $1,214,443.60. Following the completion of the sale, the insider now directly owns 45,393 shares in the company, valued at $2,082,630.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the sale, the insider now owns 26,567 shares of the company’s stock, valued at $1,222,347.67. The disclosure for this sale can be found here. Insiders sold a total of 366,835 shares of company stock valued at $16,874,246 over the last ninety days. Corporate insiders own 1.51% of the company’s stock.

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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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