Weybosset Research & Management LLC grew its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,439 shares of the company’s stock after acquiring an additional 601 shares during the period. Coca-Cola Company (The) accounts for approximately 0.5% of Weybosset Research & Management LLC’s portfolio, making the stock its 28th largest holding. Weybosset Research & Management LLC’s holdings in Coca-Cola Company (The) were worth $737,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KO. Hartford Financial Management Inc. raised its position in shares of Coca-Cola Company (The) by 31.5% in the second quarter. Hartford Financial Management Inc. now owns 11,700 shares of the company’s stock worth $524,000 after buying an additional 2,800 shares in the last quarter. Parsec Financial Management Inc. raised its position in shares of Coca-Cola Company (The) by 1.4% in the second quarter. Parsec Financial Management Inc. now owns 55,493 shares of the company’s stock worth $2,489,000 after buying an additional 759 shares in the last quarter. Univest Corp of Pennsylvania raised its position in shares of Coca-Cola Company (The) by 0.3% in the second quarter. Univest Corp of Pennsylvania now owns 87,615 shares of the company’s stock worth $3,930,000 after buying an additional 251 shares in the last quarter. Brave Asset Management Inc. raised its position in shares of Coca-Cola Company (The) by 5.4% in the second quarter. Brave Asset Management Inc. now owns 38,935 shares of the company’s stock worth $1,746,000 after buying an additional 2,000 shares in the last quarter. Finally, K.J. Harrison & Partners Inc raised its position in shares of Coca-Cola Company (The) by 800.0% in the second quarter. K.J. Harrison & Partners Inc now owns 45,000 shares of the company’s stock worth $2,018,000 after buying an additional 40,000 shares in the last quarter. Hedge funds and other institutional investors own 64.61% of the company’s stock.

Shares of Coca-Cola Company (NYSE KO) opened at 46.38 on Friday. The firm has a 50-day moving average of $45.88 and a 200 day moving average of $44.97. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. The stock has a market capitalization of $197.82 billion, a price-to-earnings ratio of 48.98 and a beta of 0.70.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.37 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.19%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

A number of equities research analysts recently issued reports on KO shares. Sanford C. Bernstein set a $49.00 price objective on Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Credit Suisse Group reiterated a “buy” rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. UBS AG increased their price objective on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Coca-Cola Company (The) presently has an average rating of “Hold” and a consensus price target of $46.56.

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In other news, insider Jennifer K. Mann sold 8,819 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $45.61, for a total value of $402,234.59. Following the completion of the sale, the insider now owns 30,553 shares of the company’s stock, valued at approximately $1,393,522.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian John Smith sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the sale, the insider now directly owns 136,385 shares of the company’s stock, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. Insiders sold a total of 366,835 shares of company stock worth $16,874,246 over the last 90 days. Insiders own 1.51% of the company’s stock.

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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