Sigma Planning Corp lifted its position in Coca-Cola Company (The) (NYSE:KO) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,222 shares of the company’s stock after purchasing an additional 2,747 shares during the quarter. Sigma Planning Corp’s holdings in Coca-Cola Company (The) were worth $2,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KO. Shell Asset Management Co. raised 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 valued at $37,216,000 after purchasing an additional 4,101 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new position in shares of Coca-Cola Company (The) in the first quarter valued at $212,000. Paragon Capital Management Ltd acquired a new position in shares of Coca-Cola Company (The) in the first quarter valued at $1,563,000. Russell Investments Group Ltd. raised its stake in shares of Coca-Cola Company (The) by 25.9% in the first quarter. Russell Investments Group Ltd. now owns 5,698,114 shares of the company’s stock valued at $241,876,000 after purchasing an additional 1,172,329 shares in the last quarter. Finally, Valicenti Advisory Services Inc. raised its stake in shares of Coca-Cola Company (The) by 1.3% in the first quarter. Valicenti Advisory Services Inc. now owns 19,004 shares of the company’s stock valued at $807,000 after purchasing an additional 242 shares in the last quarter. Institutional investors and hedge funds own 64.62% of the company’s stock.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. Coca-Cola Company (The)’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.23%. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

A number of brokerages recently commented on KO. Jefferies Group LLC restated a “hold” rating and issued a $47.00 target price on shares of Coca-Cola Company (The) in a research note on Wednesday, October 25th. Zacks Investment Research lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Susquehanna Bancshares Inc set a $41.00 target price on Coca-Cola Company (The) and gave the company a “hold” rating in a research note on Wednesday, October 25th. BMO Capital Markets reiterated a “hold” rating and issued a $47.00 price target on shares of Coca-Cola Company (The) in a research report on Friday, October 27th. Finally, Credit Suisse Group set a $51.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $47.16.

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In related news, insider Jennifer K. Mann sold 8,819 shares of the business’s 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 sale, the insider now owns 30,553 shares in the company, valued at approximately $1,393,522.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kathy N. Waller sold 8,952 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $45.77, for a total value of $409,733.04. Following the sale, the vice president now owns 109,508 shares in the company, valued at approximately $5,012,181.16. The disclosure for this sale can be found here. Insiders have sold a total of 144,241 shares of company stock worth $6,636,411 in the last 90 days. 1.51% of the stock is currently owned by corporate 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.

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

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