DF Dent & Co. Inc. held its position in shares of Coca-Cola Company (The) (NYSE:KO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,914 shares of the company’s stock at the end of the first quarter. DF Dent & Co. Inc.’s holdings in Coca-Cola Company (The) were worth $1,057,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KO. Shell Asset Management Co. increased its position in shares of Coca-Cola Company (The) by 0.5% in the first quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after buying an additional 4,101 shares during the period. Guinness Asset Management Ltd increased its position in shares of Coca-Cola Company (The) by 13.4% in the first quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after buying an additional 27,560 shares during the period. IFM Investors Pty Ltd bought a new position in shares of Coca-Cola Company (The) during the fourth quarter worth $2,170,000. Marathon Asset Management LLP increased its position in shares of Coca-Cola Company (The) by 7.3% in the first quarter. Marathon Asset Management LLP now owns 2,699,084 shares of the company’s stock worth $115,439,000 after buying an additional 184,589 shares during the period. Finally, National Pension Service increased its position in shares of Coca-Cola Company (The) by 3.3% in the first quarter. National Pension Service now owns 2,668,107 shares of the company’s stock worth $113,661,000 after buying an additional 85,130 shares during the period. 63.68% of the stock is currently owned by institutional investors.

Coca-Cola Company (NYSE:KO) traded up 0.07% on Thursday, hitting $45.62. 1,706,803 shares of the company traded hands. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.43. The firm’s 50 day moving average price is $45.11 and its 200 day moving average price is $43.53. The firm has a market capitalization of $194.58 billion, a PE ratio of 48.17 and a beta of 0.69.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the 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 business’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. Equities research analysts predict that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders 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 dividend yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

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A number of equities analysts recently weighed in on KO shares. Zacks Investment Research downgraded shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Credit Suisse Group raised shares of Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $44.00 to $49.00 in a report on Wednesday, April 19th. Deutsche Bank AG reaffirmed a “hold” rating and set a $46.00 price objective (up from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Vetr raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price objective on the stock in a report on Monday, May 1st. Finally, UBS AG upped their price objective on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.70.

In other news, insider Mark Randazza sold 24,156 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was 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 $1,222,347.67. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Francisco Crespo sold 7,700 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $46.01, for a total value of $354,277.00. Following the completion of the transaction, the insider now owns 29,943 shares in the company, valued at approximately $1,377,677.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 614,841 shares of company stock worth $27,900,186. Company insiders own 1.51% of the company’s stock.

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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