North Star Asset Management Inc. reduced its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,296 shares of the company’s stock after selling 315 shares during the period. North Star Asset Management Inc.’s holdings in Coca-Cola Company (The) were worth $2,686,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Portfolio Solutions LLC bought a new position in Coca-Cola Company (The) during the first quarter valued at $108,000. Signature Estate & Investment Advisors LLC raised its position in Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Coca-Cola Company (The) by 8.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after buying an additional 264 shares in the last quarter. Welch Investments LLC raised its position in Coca-Cola Company (The) by 26.5% in the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after buying an additional 733 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new position in Coca-Cola Company (The) during the first quarter valued at $150,000. Hedge funds and other institutional investors own 63.80% of the company’s stock.

Shares of Coca-Cola Company (NYSE:KO) traded up 0.273% during trading on Tuesday, hitting $45.925. 1,576,461 shares of the stock were exchanged. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.43. The firm’s 50-day moving average is $45.16 and its 200 day moving average is $43.63. The company has a market cap of $195.88 billion, a P/E ratio of 48.495 and a beta of 0.69.

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

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.23%. Coca-Cola Company (The)’s payout ratio is presently 154.17%.

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Several brokerages have recently commented on KO. BidaskClub lowered shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Stifel Nicolaus restated a “hold” rating and set a $41.00 price target on shares of Coca-Cola Company (The) in a research note on Monday, April 24th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $41.00 price target on shares of Coca-Cola Company (The) in a research note on Wednesday, April 26th. Wells Fargo & Company restated a “market perform” rating and set a $43.00 price target on shares of Coca-Cola Company (The) in a research note on Friday, April 28th. Finally, 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 Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $45.70.

In other news, insider Robert Edward Long sold 26,470 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $45.88, for a total value of $1,214,443.60. Following the completion of the sale, the insider now owns 45,393 shares of the company’s stock, valued at $2,082,630.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Irial Finan sold 354,146 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were 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 of the company’s stock, valued at approximately $35,111,610. The disclosure for this sale can be found here. In the last three months, insiders sold 650,263 shares of company stock valued at $29,524,363. 1.51% of the stock is currently owned by company 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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