Pegasus Partners Ltd. held its stake in Coca-Cola Company (The) (NYSE:KO) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,214 shares of the company’s stock at the end of the second quarter. Pegasus Partners Ltd.’s holdings in Coca-Cola Company (The) were worth $458,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Signature Estate & Investment Advisors LLC increased its stake 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 purchasing an additional 129 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after purchasing an additional 1,026 shares during the last quarter. Perkins Coie Trust Co boosted its holdings in Coca-Cola Company (The) by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after purchasing an additional 572 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings 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 purchasing an additional 264 shares during the last quarter. Finally, Welch Investments LLC boosted its holdings 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 purchasing an additional 733 shares during the last quarter. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the sale, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian John Smith sold 100,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the sale, the insider now owns 136,385 shares of the company’s stock, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. 1.51% of the stock is owned by insiders.

KO has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 target price on shares of Coca-Cola Company (The) in a report on Friday, October 27th. Citigroup Inc. set a $53.00 target price on Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Thursday, August 3rd. Cowen and Company reaffirmed a “hold” rating and set a $42.00 target price on shares of Coca-Cola Company (The) in a report on Thursday, September 28th. Finally, Jefferies Group LLC set a $47.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $47.16.

Coca-Cola Company (NYSE:KO) opened at $46.54 on Friday. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.98. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The stock has a market capitalization of $198,291.45, a PE ratio of 24.62, a P/E/G ratio of 3.94 and a beta of 0.70.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s payout ratio is currently 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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