Patten & Patten Inc. TN raised its position in shares of Coca-Cola Company (The) (NYSE:KO) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,273 shares of the company’s stock after buying an additional 7,524 shares during the period. Coca-Cola Company (The) accounts for 1.1% of Patten & Patten Inc. TN’s portfolio, making the stock its 27th largest position. Patten & Patten Inc. TN’s holdings in Coca-Cola Company (The) were worth $9,879,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Portfolio Solutions LLC acquired a new stake in Coca-Cola Company (The) during the first quarter worth about $108,000. Signature Estate & Investment Advisors LLC raised its stake in 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 worth $116,000 after buying an additional 129 shares during the period. Meeder Asset Management Inc. raised its stake in Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after buying an additional 1,026 shares during the period. SRS Capital Advisors Inc. raised its stake in Coca-Cola Company (The) by 8.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after buying an additional 264 shares during the period. Finally, Perkins Coie Trust Co raised its stake in Coca-Cola Company (The) by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after buying an additional 572 shares during the period. 63.68% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Company (KO) traded up 0.3610% during trading on Thursday, hitting $45.7546. The company had a trading volume of 3,593,630 shares. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.43. The company has a market capitalization of $195.16 billion, a price-to-earnings ratio of 48.3153 and a beta of 0.69. The stock has a 50-day moving average of $45.11 and a 200 day moving average of $43.53.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given 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 dividend payout ratio is currently 154.17%.

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KO has been the topic of a number of research analyst reports. TheStreet raised Coca-Cola Company (The) from a “c+” rating to a “b” rating in a report on Thursday, April 27th. Vetr raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 target price on the stock in a report on Monday, April 24th. Zacks Investment Research raised Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Friday, April 21st. UBS AG set a $48.00 target price on Coca-Cola Company (The) and gave the company a “buy” rating in a report on Tuesday, April 18th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $46.00 target price on shares of Coca-Cola Company (The) in a report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the stock. Coca-Cola Company (The) currently has a consensus rating of “Hold” and a consensus price target of $45.70.

In other Coca-Cola Company (The) news, insider Jennifer K. Mann sold 8,819 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $45.61, for a total transaction of $402,234.59. Following the completion of the sale, the insider now directly owns 30,553 shares in the company, valued at $1,393,522.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Beatriz R. Perez sold 29,282 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the sale, the insider now owns 118,000 shares of the company’s stock, valued at $5,333,600. The disclosure for this sale can be found here. Insiders have sold 614,841 shares of company stock worth $27,900,186 in the last three months. 1.51% of the stock is currently owned by company insiders.

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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