Arthur M. Cohen & Associates LLC cut its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,661 shares of the company’s stock after selling 400 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in Coca-Cola Company (The) were worth $961,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of KO. Portfolio Solutions LLC bought a new stake in shares of Coca-Cola Company (The) during the first quarter valued at approximately $108,000. Signature Estate & Investment Advisors LLC boosted its stake in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares during the period. Welch Investments LLC boosted its stake in shares of Coca-Cola Company (The) by 26.5% in the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after buying an additional 733 shares during the period. Feltz Wealth PLAN Inc. bought a new stake in shares of Coca-Cola Company (The) during the first quarter valued at approximately $150,000. Finally, Cribstone Capital Management LLC boosted its stake in shares of 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 period. 63.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Coca-Cola Company (KO) opened at 45.50 on Monday. The firm has a market capitalization of $194.07 billion, a PE ratio of 48.05 and a beta of 0.69. The company has a 50-day moving average of $45.06 and a 200 day moving average of $43.37. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.42.

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 consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. Coca-Cola Company (The)’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. On average, analysts predict that Coca-Cola Company will post $1.90 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 154.17%.

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KO has been the subject of a number of research reports. Barclays PLC set a $45.00 target price on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Wednesday, July 19th. UBS AG lifted their target price on shares of 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. Citigroup Inc. set a $53.00 target price on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets restated a “buy” rating and set a $46.00 target price on shares of Coca-Cola Company (The) in a research report on Wednesday, April 26th. Finally, BidaskClub cut shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company. Coca-Cola Company (The) presently has an average rating of “Hold” and a consensus target price of $45.62.

In related news, insider Brian John Smith sold 87,800 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $43.43, for a total value of $3,813,154.00. Following the completion of the transaction, the insider now directly owns 149,185 shares of the company’s stock, valued at $6,479,104.55. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Irial Finan sold 354,146 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total value of $15,936,570.00. Following the completion of the transaction, the insider now directly owns 780,258 shares of the company’s stock, valued at $35,111,610. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 693,822 shares of company stock valued at $31,311,106. 1.51% of the stock is owned by company 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.

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

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