Tdam USA Inc. lowered its stake in The Coca-Cola Co (NYSE:KO) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 507,123 shares of the company’s stock after selling 13,915 shares during the quarter. The Coca-Cola comprises about 1.3% of Tdam USA Inc.’s portfolio, making the stock its 15th biggest holding. Tdam USA Inc.’s holdings in The Coca-Cola were worth $22,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of KO. Cambridge Advisors Inc. increased its stake in The Coca-Cola by 12.7% during the fourth quarter. Cambridge Advisors Inc. now owns 9,201 shares of the company’s stock worth $422,000 after purchasing an additional 1,039 shares during the period. Augustine Asset Management Inc. increased its stake in The Coca-Cola by 3.2% during the fourth quarter. Augustine Asset Management Inc. now owns 34,805 shares of the company’s stock worth $1,596,000 after purchasing an additional 1,067 shares during the period. Bank of Stockton increased its stake in The Coca-Cola by 11.2% during the fourth quarter. Bank of Stockton now owns 10,620 shares of the company’s stock worth $486,000 after purchasing an additional 1,068 shares during the period. LGT Capital Partners LTD. increased its stake in The Coca-Cola by 0.5% during the fourth quarter. LGT Capital Partners LTD. now owns 219,950 shares of the company’s stock worth $10,091,000 after purchasing an additional 1,100 shares during the period. Finally, Kanawha Capital Management LLC increased its stake in The Coca-Cola by 0.7% during the fourth quarter. Kanawha Capital Management LLC now owns 169,398 shares of the company’s stock worth $7,772,000 after purchasing an additional 1,123 shares during the period. 65.68% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $48.00 price target (up from $47.00) on shares of The Coca-Cola in a research note on Friday, February 16th. Jefferies Financial Group restated a “neutral” rating and set a $49.00 target price on shares of The Coca-Cola in a research note on Tuesday, February 20th. Morgan Stanley restated a “neutral” rating and set a $49.00 target price (up from $48.00) on shares of The Coca-Cola in a research note on Monday, February 19th. Societe Generale restated a “neutral” rating and set a $48.80 target price on shares of The Coca-Cola in a research note on Monday, February 19th. Finally, Goldman Sachs Group set a $49.00 target price on shares of The Coca-Cola and gave the stock a “sell” rating in a research note on Friday, February 16th. Thirteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $49.39.

Shares of The Coca-Cola stock opened at $44.41 on Wednesday. The company has a market capitalization of $188.25 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 2.58 and a beta of 0.73. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $48.62. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.12 and a current ratio of 1.21.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 24th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The company had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.32 billion. The Coca-Cola had a net margin of 4.23% and a return on equity of 39.54%. The firm’s revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. analysts anticipate that The Coca-Cola Co will post 2.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be paid a $0.39 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.56 annualized dividend and a yield of 3.51%. The Coca-Cola’s dividend payout ratio is currently 81.68%.

About The Coca-Cola

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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