Mcmillion Capital Management Inc. raised its position in Coca-Cola Company (The) (NYSE:KO) by 5.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 43,434 shares of the company’s stock after buying an additional 2,087 shares during the period. Mcmillion Capital Management Inc.’s holdings in Coca-Cola Company (The) were worth $1,838,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KO. HighPoint Advisor Group LLC boosted its position in shares of Coca-Cola Company (The) by 10.2% in the third quarter. HighPoint Advisor Group LLC now owns 38,575 shares of the company’s stock worth $1,586,000 after buying an additional 3,567 shares during the last quarter. ETRADE Capital Management LLC boosted its position in shares of Coca-Cola Company (The) by 75.3% in the third quarter. ETRADE Capital Management LLC now owns 48,491 shares of the company’s stock worth $2,052,000 after buying an additional 20,828 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Coca-Cola Company (The) by 44.1% in the third quarter. D.A. Davidson & CO. now owns 226,900 shares of the company’s stock worth $9,598,000 after buying an additional 69,417 shares during the last quarter. Bainco International Investors boosted its position in shares of Coca-Cola Company (The) by 2.2% in the third quarter. Bainco International Investors now owns 117,629 shares of the company’s stock worth $4,978,000 after buying an additional 2,500 shares during the last quarter. Finally, Whalerock Point Partners LLC acquired a new position in shares of Coca-Cola Company (The) during the third quarter worth approximately $252,000. Institutional investors own 63.88% of the company’s stock.

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

Shares of Coca-Cola Company (NYSE:KO) opened at 41.20 on Friday. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $47.13. The stock’s 50 day moving average is $41.36 and its 200-day moving average is $42.06. The company has a market cap of $176.67 billion, a price-to-earnings ratio of 27.65 and a beta of 0.69.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders 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 yield of 3.59%. This is a positive change from Coca-Cola Company (The)’s previous quarterly dividend of $0.35. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 93.33%.

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A number of brokerages recently commented on KO. Vetr cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating and set a $42.22 target price on the stock. in a research report on Thursday. Jefferies Group LLC reiterated a “hold” rating and issued a $42.00 target price (down previously from $43.00) on shares of Coca-Cola Company (The) in a research report on Thursday. Wells Fargo & Company reiterated a “market weight” rating and issued a $43.00 target price on shares of Coca-Cola Company (The) in a research report on Thursday. Cowen and Company reiterated a “market perform” rating and issued a $40.00 target price on shares of Coca-Cola Company (The) in a research report on Thursday. Finally, Gabelli reiterated a “hold” rating on shares of Coca-Cola Company (The) in a research report on Saturday, February 11th. Two equities research 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. Coca-Cola Company (The) presently has a consensus rating of “Hold” and an average 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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