Feltz Wealth PLAN Inc. decreased its position in shares of Coca-Cola Company (The) (NYSE:KO) by 59.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,919 shares of the company’s stock after selling 20,198 shares during the period. Feltz Wealth PLAN Inc.’s holdings in Coca-Cola Company (The) were worth $582,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC raised its position in shares of Coca-Cola Company (The) by 6.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,377 shares of the company’s stock worth $101,000 after buying an additional 150 shares during the last quarter. Lowe fs LLC raised its position in shares of Coca-Cola Company (The) by 28.2% in the third quarter. Lowe fs LLC now owns 2,731 shares of the company’s stock worth $116,000 after buying an additional 600 shares during the last quarter. Lenox Wealth Management Inc. raised its position in shares of Coca-Cola Company (The) by 38.0% in the second quarter. Lenox Wealth Management Inc. now owns 2,611 shares of the company’s stock worth $118,000 after buying an additional 719 shares during the last quarter. Barnett & Company Inc. raised its position in shares of Coca-Cola Company (The) by 27.7% in the third quarter. Barnett & Company Inc. now owns 2,837 shares of the company’s stock worth $120,000 after buying an additional 616 shares during the last quarter. Finally, Westbourne Investment Advisors Inc. bought a new position in shares of Coca-Cola Company (The) during the second quarter worth about $146,000. Institutional investors and hedge funds own 63.88% of the company’s stock.

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

Coca-Cola Company (NYSE:KO) opened at 41.20 on Friday. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $47.13. The firm’s 50-day moving average is $41.36 and its 200 day moving average is $42.06. The stock has a market capitalization of $176.67 billion, a P/E ratio of 27.65 and a beta of 0.69.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The business earned $9.40 billion during the quarter, compared to the consensus estimate of $9.21 billion. Coca-Cola Company (The) had a net margin of 15.59% and a return on equity of 32.94%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. Equities analysts expect that Coca-Cola Company will post $1.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.59%. This is an increase from Coca-Cola Company (The)’s previous quarterly dividend of $0.35. Coca-Cola Company (The)’s payout ratio is currently 93.33%.

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A number of research analysts have issued reports on KO shares. Sanford C. Bernstein set a $48.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Friday, January 6th. Morningstar, Inc. reiterated a “buy” rating on shares of Coca-Cola Company (The) in a research note on Friday, December 9th. Vetr lowered shares of Coca-Cola Company (The) from a “strong-buy” rating to a “buy” rating and set a $45.34 price objective on the stock. in a research note on Wednesday, December 7th. Morgan Stanley lowered shares of Coca-Cola Company (The) from an “overweight” rating to an “equal weight” rating in a research note on Friday, December 16th. Finally, Barclays PLC initiated coverage on shares of Coca-Cola Company (The) in a research note on Monday, January 9th. They issued an “equal weight” rating and a $42.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.78.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company’s segments include Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Bottling Investments, and Corporate. It markets, manufactures and sells beverage concentrates referred to as beverage bases, and syrups, including fountain syrups (concentrate business or concentrate operations), and finished sparkling and still beverages (finished product business or finished product operations).

5 Day Chart for NYSE:KO

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