NS Partners Ltd boosted its position in shares of Coca-Cola Company (The) (NYSE:KO) by 99.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 205,143 shares of the company’s stock after buying an additional 102,390 shares during the period. NS Partners Ltd’s holdings in Coca-Cola Company (The) were worth $8,706,000 as of its most recent SEC filing.

A number of 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 worth $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 worth $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 worth about $2,170,000. Heritage Way Advisors LLC purchased a new position in shares of Coca-Cola Company (The) during the fourth quarter worth 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 worth 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 mid-day trading on Friday, reaching $45.59. 8,357,607 shares of the company’s stock traded hands. The company has a 50 day moving average price of $45.14 and a 200-day moving average price of $43.57. The stock has a market cap of $194.46 billion, a P/E ratio of 48.14 and a beta of 0.69. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.43.

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

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

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A number of brokerages recently issued reports on KO. Deutsche Bank AG restated a “hold” rating and set a $46.00 price objective (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 price objective for the company in a report on Friday, July 28th. BMO Capital Markets decreased their price objective on shares of Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating for the company 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 price objective for the company. 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 given a hold rating and seven have issued a buy rating to the company. Coca-Cola Company (The) has a consensus rating of “Hold” and an average target price of $45.70.

In other Coca-Cola Company (The) news, SVP Beatriz R. Perez sold 10,000 shares of Coca-Cola Company (The) stock in a transaction on Thursday, July 27th. The shares were 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 of the company’s stock, valued at approximately $4,541,028. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer K. Mann sold 8,819 shares of Coca-Cola Company (The) stock in a transaction on Monday, August 7th. The stock was sold at an average price of $45.61, for a total transaction of $402,234.59. Following the transaction, the insider now directly owns 30,553 shares in the company, valued at $1,393,522.33. The disclosure for this sale can be found here. Insiders have sold a total of 614,841 shares of company stock worth $27,900,186 over the last ninety days. 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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