Logan Capital Management Inc. increased its position in shares of Coca-Cola Company (The) (NYSE:KO) by 1,413.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 437,077 shares of the company’s stock after buying an additional 408,206 shares during the period. Coca-Cola Company (The) accounts for about 1.4% of Logan Capital Management Inc.’s investment portfolio, making the stock its 21st largest position. Logan Capital Management Inc.’s holdings in Coca-Cola Company (The) were worth $18,550,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of KO. Shell Asset Management Co. boosted its stake in Coca-Cola Company (The) by 0.5% in the first quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after buying an additional 4,101 shares during the last quarter. Guinness Asset Management Ltd boosted its stake in Coca-Cola Company (The) by 13.4% in the first quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after buying an additional 27,560 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in Coca-Cola Company (The) during the fourth quarter worth about $2,170,000. Marathon Asset Management LLP boosted its stake in Coca-Cola Company (The) by 7.3% in the first quarter. Marathon Asset Management LLP now owns 2,699,084 shares of the company’s stock worth $115,439,000 after buying an additional 184,589 shares during the last quarter. Finally, National Pension Service boosted its stake in Coca-Cola Company (The) by 3.3% in the first quarter. National Pension Service now owns 2,668,107 shares of the company’s stock worth $113,661,000 after buying an additional 85,130 shares during the last quarter. Institutional investors own 63.68% of the company’s stock.

Coca-Cola Company (NYSE:KO) traded up 0.295% during trading on Friday, hitting $45.875. The company had a trading volume of 2,837,039 shares. The firm has a 50-day moving average of $45.13 and a 200 day moving average of $43.54. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43. The company has a market capitalization of $195.67 billion, a price-to-earnings ratio of 48.442 and a beta of 0.69.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

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A number of research analysts have recently commented on the company. Zacks Investment Research lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Credit Suisse Group raised Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and raised their price target for the company from $44.00 to $49.00 in a report on Wednesday, April 19th. UBS AG raised their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Jefferies Group LLC set a $47.00 price target on Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $46.00 price target (up from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $45.70.

In other news, SVP Beatriz R. Perez sold 10,000 shares of Coca-Cola Company (The) stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the transaction, the senior vice president now directly owns 98,718 shares of the company’s stock, valued at approximately $4,541,028. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Francisco Crespo sold 7,700 shares of Coca-Cola Company (The) stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $46.01, for a total value of $354,277.00. Following the completion of the transaction, the insider now directly owns 29,943 shares of the company’s stock, valued at $1,377,677.43. The disclosure for this sale can be found here. Over the last three months, insiders sold 614,841 shares of company stock valued at $27,900,186. Corporate insiders own 1.51% of the company’s stock.

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.

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

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