NEXT Financial Group Inc reduced its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,518 shares of the company’s stock after selling 690 shares during the quarter. NEXT Financial Group Inc’s holdings in Coca-Cola Company (The) were worth $2,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its stake in shares of Coca-Cola Company (The) by 1.2% in the first quarter. State Street Corp now owns 173,789,519 shares of the company’s stock valued at $7,375,663,000 after buying an additional 2,009,675 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Coca-Cola Company (The) by 4.0% in the first quarter. Legal & General Group Plc now owns 20,535,490 shares of the company’s stock valued at $871,552,000 after buying an additional 789,178 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Coca-Cola Company (The) by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,738,092 shares of the company’s stock valued at $752,805,000 after buying an additional 1,001,984 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Coca-Cola Company (The) by 8.1% in the first quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock valued at $683,791,000 after buying an additional 1,208,498 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Coca-Cola Company (The) by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,687,859 shares of the company’s stock valued at $496,033,000 after buying an additional 41,520 shares in the last quarter. 64.62% of the stock is owned by institutional investors.

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Several equities research analysts have issued reports on KO shares. Zacks Investment Research raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, June 27th. Sanford C. Bernstein set a $49.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a report on Tuesday, July 11th. Credit Suisse Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a report on Monday, July 24th. 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. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.12.

Coca-Cola Company (KO) traded up 0.22% during trading on Friday, hitting $45.01. The company had a trading volume of 10,082,221 shares. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.98. The stock has a market capitalization of $191.98 billion, a price-to-earnings ratio of 47.53 and a beta of 0.71. The company’s 50 day moving average price is $45.85 and its 200-day moving average price is $44.43.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the company earned $0.60 EPS. Coca-Cola Company (The)’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, analysts expect that Coca-Cola Company will post $1.90 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.29%. Coca-Cola Company (The)’s payout ratio is 154.17%.

In related news, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the transaction, the senior vice president now directly owns 98,718 shares in the company, valued at approximately $4,541,028. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brian John Smith sold 100,000 shares of the firm’s 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 $6,287,348.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 366,835 shares of company stock worth $16,874,246. 1.51% of the stock is owned by corporate insiders.

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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