Tower Bridge Advisors held its stake in Coca-Cola Company (The) (NYSE:KO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,814 shares of the company’s stock at the end of the second quarter. Tower Bridge Advisors’ holdings in Coca-Cola Company (The) were worth $1,920,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. State Street Corp grew its stake in Coca-Cola Company (The) by 1.2% in the 1st quarter. State Street Corp now owns 173,789,519 shares of the company’s stock valued at $7,375,663,000 after purchasing an additional 2,009,675 shares during the period. Legal & General Group Plc grew its stake in shares of Coca-Cola Company (The) by 4.0% during the 1st quarter. Legal & General Group Plc now owns 20,535,490 shares of the company’s stock worth $871,552,000 after acquiring an additional 789,178 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Coca-Cola Company (The) by 6.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,738,092 shares of the company’s stock worth $752,805,000 after acquiring an additional 1,001,984 shares during the period. Clearbridge Investments LLC grew its stake in shares of Coca-Cola Company (The) by 8.1% during the 1st quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock worth $683,791,000 after acquiring an additional 1,208,498 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Coca-Cola Company (The) by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,687,859 shares of the company’s stock worth $496,033,000 after acquiring an additional 41,520 shares during the period. Hedge funds and other institutional investors own 64.62% of the company’s stock.

KO has been the subject of several research reports. Barclays PLC set a $45.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research note on Wednesday, September 6th. UBS AG increased their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. Citigroup Inc. set a $53.00 price target on Coca-Cola Company (The) and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, HSBC Holdings plc increased their price target on Coca-Cola Company (The) from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Coca-Cola Company (The) presently has a consensus rating of “Hold” and a consensus price target of $46.12.

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Shares of Coca-Cola Company (NYSE KO) opened at 45.01 on Friday. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.98. The company’s 50 day moving average price is $45.85 and its 200 day moving average price is $44.43. The company has a market capitalization of $191.98 billion, a price-to-earnings ratio of 47.53 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $9.62 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Coca-Cola Company (The)’s revenue was down 15.9% compared to the same quarter last year. On average, analysts predict that Coca-Cola Company will post $1.90 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.29%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 154.17%.

In related news, insider Mark Randazza sold 24,156 shares of the 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 transaction, the insider now owns 26,567 shares of the company’s stock, valued at $1,222,347.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the transaction, the senior vice president now directly owns 98,718 shares in the company, valued at approximately $4,541,028. The disclosure for this sale can be found here. In the last three months, insiders sold 366,835 shares of company stock worth $16,874,246. 1.51% of the stock is owned by insiders.

Coca-Cola Company (The) 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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