Rehmann Capital Advisory Group lowered its position in shares of Coca-Cola Company (The) (NYSE:KO) by 8.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,356 shares of the company’s stock after selling 2,771 shares during the period. Rehmann Capital Advisory Group’s holdings in Coca-Cola Company (The) were worth $1,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Quadrant L P CA raised its position in shares of Coca-Cola Company (The) by 69.7% in the second quarter. First Quadrant L P CA now owns 84,505 shares of the company’s stock worth $3,790,000 after buying an additional 34,704 shares in the last quarter. Aperio Group LLC raised its position in shares of Coca-Cola Company (The) by 12.1% in the second quarter. Aperio Group LLC now owns 1,988,650 shares of the company’s stock worth $89,191,000 after buying an additional 215,324 shares in the last quarter. Chemung Canal Trust Co. raised its position in shares of Coca-Cola Company (The) by 12.9% in the second quarter. Chemung Canal Trust Co. now owns 259,824 shares of the company’s stock worth $11,653,000 after buying an additional 29,692 shares in the last quarter. Alpha Windward LLC raised its position in shares of Coca-Cola Company (The) by 0.4% in the second quarter. Alpha Windward LLC now owns 7,693 shares of the company’s stock worth $345,000 after buying an additional 34 shares in the last quarter. Finally, Culbertson A N & Co. Inc. raised its position in shares of Coca-Cola Company (The) by 16.2% in the second quarter. Culbertson A N & Co. Inc. now owns 6,145 shares of the company’s stock worth $276,000 after buying an additional 855 shares in the last quarter. 63.68% of the stock is owned by institutional investors and hedge funds.

Shares of Coca-Cola Company (NYSE KO) traded down 0.296% during mid-day trading on Wednesday, reaching $45.465. 4,149,859 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $45.10 and a 200-day moving average price of $43.42. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.43. The stock has a market cap of $193.92 billion, a PE ratio of 48.010 and a beta of 0.69.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is 154.17%.

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A number of research analysts have recently commented on the stock. Citigroup Inc. set a $53.00 price objective on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub raised shares of Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets cut their price objective on shares of Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating for the company in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.70.

In other news, insider Mark Randazza sold 24,156 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total value of $1,111,417.56. Following the transaction, the insider now owns 26,567 shares in the company, valued at approximately $1,222,347.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Irial Finan sold 354,146 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the completion of the transaction, the insider now owns 780,258 shares in the company, valued at approximately $35,111,610. The disclosure for this sale can be found here. Insiders sold a total of 606,022 shares of company stock worth $27,497,952 in the last 90 days. Corporate 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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