Sentinel Trust Co. LBA cut its position in shares of Coca-Cola Company (The) (NYSE:KO) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 14,758 shares of the company’s stock after selling 300 shares during the period. Sentinel Trust Co. LBA’s holdings in Coca-Cola Company (The) were worth $662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KO. North American Management Corp increased its stake in shares of Coca-Cola Company (The) by 10.3% in the second quarter. North American Management Corp now owns 6,435 shares of the company’s stock worth $289,000 after buying an additional 600 shares during the last quarter. Shell Asset Management Co. increased its stake in shares of Coca-Cola Company (The) by 0.5% in the first quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after buying an additional 4,101 shares during the last quarter. Guinness Asset Management Ltd increased its stake in shares of Coca-Cola Company (The) by 13.4% in the first quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after buying an additional 27,560 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth about $2,170,000. Finally, Montecito Bank & Trust increased its stake in shares of Coca-Cola Company (The) by 90.2% in the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after buying an additional 60,258 shares during the last quarter. Institutional investors own 63.80% of the company’s stock.

Coca-Cola Company (NYSE:KO) traded up 0.39% on Tuesday, reaching $45.98. The company’s stock had a trading volume of 2,673,923 shares. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.42. The firm’s 50 day moving average price is $45.16 and its 200-day moving average price is $43.62. The company has a market capitalization of $196.12 billion, a price-to-earnings ratio of 48.55 and a beta of 0.69.

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

The company also recently announced 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 3.23%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

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A number of analysts recently issued reports on the company. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price objective (up from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Zacks Investment Research raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Friday, July 28th. BMO Capital Markets dropped their target price on Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating for the company in a research report on Monday, July 31st. Vetr downgraded Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 target price for the company. in a research report on Monday, June 5th. Finally, BidaskClub raised Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $45.70.

In other Coca-Cola Company (The) news, insider Francisco Crespo sold 7,700 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $46.01, for a total transaction of $354,277.00. Following the transaction, the insider now owns 29,943 shares of the company’s stock, valued at approximately $1,377,677.43. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark Randazza sold 24,156 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.01, for a total value of $1,111,417.56. Following the completion of the sale, the insider now directly owns 26,567 shares in the company, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 650,263 shares of company stock worth $29,524,363. 1.51% of the stock is currently owned by company insiders.

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.

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

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