People s United Financial Inc. raised its stake in The Coca-Cola Co (NYSE:KO) by 4.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 195,246 shares of the company’s stock after buying an additional 8,002 shares during the quarter. People s United Financial Inc.’s holdings in The Coca-Cola were worth $9,020,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. State of Alaska Department of Revenue raised its stake in shares of The Coca-Cola by 0.9% during the third quarter. State of Alaska Department of Revenue now owns 560,169 shares of the company’s stock valued at $25,871,000 after purchasing an additional 4,973 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of The Coca-Cola by 1.1% during the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 233,378 shares of the company’s stock valued at $10,236,000 after purchasing an additional 2,600 shares in the last quarter. First Command Financial Services Inc. raised its stake in shares of The Coca-Cola by 73.2% during the third quarter. First Command Financial Services Inc. now owns 19,124 shares of the company’s stock valued at $883,000 after purchasing an additional 8,084 shares in the last quarter. HPM Partners LLC raised its stake in shares of The Coca-Cola by 3.0% during the second quarter. HPM Partners LLC now owns 100,292 shares of the company’s stock valued at $4,399,000 after purchasing an additional 2,931 shares in the last quarter. Finally, Baldwin Investment Management LLC bought a new stake in shares of The Coca-Cola during the second quarter valued at about $272,000. Institutional investors own 65.67% of the company’s stock.

Shares of KO opened at $49.38 on Friday. The stock has a market capitalization of $211.50 billion, a P/E ratio of 25.85, a P/E/G ratio of 3.25 and a beta of 0.61. The Coca-Cola Co has a 1-year low of $41.45 and a 1-year high of $50.84. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The firm had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.20 billion. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The Coca-Cola’s revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. As a group, equities analysts forecast that The Coca-Cola Co will post 2.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 3.16%. The Coca-Cola’s dividend payout ratio is currently 81.68%.

In other The Coca-Cola news, SVP James L. Dinkins sold 8,754 shares of The Coca-Cola stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the transaction, the senior vice president now owns 28,354 shares of the company’s stock, valued at approximately $1,331,220.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Larry M. Mark sold 75,538 shares of The Coca-Cola stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $49.51, for a total value of $3,739,886.38. Following the transaction, the vice president now directly owns 85,755 shares in the company, valued at approximately $4,245,730.05. The disclosure for this sale can be found here. Insiders sold a total of 374,542 shares of company stock worth $18,436,957 in the last three months. 1.48% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on KO shares. Societe Generale set a $49.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Monday, August 13th. HSBC restated a “buy” rating and set a $61.00 price objective on shares of The Coca-Cola in a research note on Monday, August 20th. Morgan Stanley reaffirmed a “neutral” rating and set a $49.00 target price on shares of The Coca-Cola in a report on Tuesday, August 21st. Jefferies Financial Group reaffirmed a “neutral” rating and set a $48.00 target price on shares of The Coca-Cola in a report on Wednesday, August 22nd. Finally, Argus raised The Coca-Cola to a “hold” rating in a report on Friday, August 24th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company. The Coca-Cola has an average rating of “Hold” and an average target price of $51.43.

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The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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