Peddock Capital Advisors LLC lessened its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,800 shares of the company’s stock after selling 100 shares during the period. Peddock Capital Advisors LLC’s holdings in Coca-Cola Company (The) were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of Coca-Cola Company (The) during the second quarter valued at approximately $16,314,000. Jennison Associates LLC bought a new stake in shares of Coca-Cola Company (The) during the second quarter valued at approximately $14,154,000. Financial Advisors Network Inc. raised its holdings in shares of Coca-Cola Company (The) by 0.7% during the second quarter. Financial Advisors Network Inc. now owns 16,440 shares of the company’s stock valued at $737,000 after buying an additional 117 shares during the last quarter. BB&T Securities LLC raised its holdings in shares of Coca-Cola Company (The) by 22.4% during the second quarter. BB&T Securities LLC now owns 1,031,724 shares of the company’s stock valued at $46,273,000 after buying an additional 188,535 shares during the last quarter. Finally, Security National Trust Co. raised its holdings in shares of Coca-Cola Company (The) by 1.1% during the second quarter. Security National Trust Co. now owns 53,766 shares of the company’s stock valued at $2,410,000 after buying an additional 602 shares during the last quarter. 64.92% of the stock is currently owned by institutional investors.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of Coca-Cola Company (The) stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the sale, the insider now owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.51% of the stock is currently owned by insiders.

KO has been the topic of several recent analyst reports. Zacks Investment Research cut Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub raised Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reissued a “hold” rating and set a $42.00 target price on shares of Coca-Cola Company (The) in a report on Thursday, August 24th. Deutsche Bank AG reissued a “hold” rating and set a $46.00 target price (up previously from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Finally, Vetr raised Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.50.

Coca-Cola Company (NYSE:KO) opened at $47.43 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. Coca-Cola Company has a fifty-two week low of $39.88 and a fifty-two week high of $47.48. The company has a market cap of $199,058.36, a price-to-earnings ratio of 24.72, a PEG ratio of 3.96 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a net margin of 12.20% and a return on equity of 36.21%. The business had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the previous year, the company posted $0.49 EPS. Coca-Cola Company (The)’s revenue was down 14.6% on a year-over-year basis. sell-side analysts predict that Coca-Cola Company will post 1.9 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Thursday, November 30th. Coca-Cola Company (The)’s payout ratio is presently 140.95%.

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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.

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

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