Mercer Capital Advisers Inc. reduced its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,299 shares of the company’s stock after selling 2,805 shares during the period. Coca-Cola Company (The) accounts for 2.4% of Mercer Capital Advisers Inc.’s portfolio, making the stock its 11th largest position. Mercer Capital Advisers Inc.’s holdings in Coca-Cola Company (The) were worth $3,153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KO. Portfolio Solutions LLC acquired a new position in shares of Coca-Cola Company (The) during the first quarter valued at about $108,000. SRS Capital Advisors Inc. purchased a new position in Coca-Cola Company (The) during the fourth quarter valued at $127,000. Feltz Wealth PLAN Inc. purchased a new position in Coca-Cola Company (The) during the first quarter valued at $150,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Coca-Cola Company (The) by 4,410.7% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 153,769 shares of the company’s stock valued at $154,000 after buying an additional 150,360 shares during the last quarter. Finally, Cribstone Capital Management LLC raised its position in Coca-Cola Company (The) by 44.7% in the first quarter. Cribstone Capital Management LLC now owns 4,020 shares of the company’s stock valued at $171,000 after buying an additional 1,241 shares during the last quarter. 63.94% of the stock is currently owned by institutional investors.

Coca-Cola Company (NYSE:KO) opened at 44.73 on Tuesday. The firm has a market capitalization of $191.11 billion, a P/E ratio of 31.48 and a beta of 0.69. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.06. The company’s 50-day moving average is $44.99 and its 200-day moving average is $42.80.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Tuesday, April 25th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.85 billion. Coca-Cola Company (The) had a net margin of 15.30% and a return on equity of 33.17%. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. Equities analysts forecast that Coca-Cola Company will post $1.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Tuesday, June 13th. Coca-Cola Company (The)’s payout ratio is currently 103.50%.

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Several research analysts recently weighed in on KO shares. J P Morgan Chase & Co started coverage on shares of Coca-Cola Company (The) in a research note on Tuesday, March 21st. They set a “neutral” rating and a $43.00 price objective on the stock. Credit Suisse Group raised shares of Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $44.00 to $49.00 in a research note on Wednesday, April 19th. Zacks Investment Research lowered shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Wells Fargo & Company reissued a “market perform” rating on shares of Coca-Cola Company (The) in a research note on Monday, March 27th. Finally, Sanford C. Bernstein reissued a “buy” rating and set a $48.00 price objective on shares of Coca-Cola Company (The) in a research note on Monday, April 10th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. Coca-Cola Company (The) currently has a consensus rating of “Hold” and an average target price of $45.17.

In related news, insider J Alexander Douglas, Jr. sold 22,000 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $43.25, for a total value of $951,500.00. Following the completion of the sale, the insider now directly owns 319,436 shares of the company’s stock, valued at approximately $13,815,607. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total value of $1,323,546.40. Following the completion of the sale, the insider now directly owns 118,000 shares of the company’s stock, valued at $5,333,600. The disclosure for this sale can be found here. Insiders sold a total of 493,228 shares of company stock valued at $22,024,770 over the last three months. 1.51% of the stock is currently owned by insiders.

About Coca-Cola Company (The)

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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