Oppenheimer & Co. Inc. increased its position in Coca-Cola Company (The) (NYSE:KO) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 703,340 shares of the company’s stock after buying an additional 5,160 shares during the period. Coca-Cola Company (The) accounts for 0.8% of Oppenheimer & Co. Inc.’s holdings, making the stock its 13th largest position. Oppenheimer & Co. Inc.’s holdings in Coca-Cola Company (The) were worth $29,850,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cypress Wealth Advisors LLC increased its position in Coca-Cola Company (The) by 1.7% in the fourth quarter. Cypress Wealth Advisors LLC now owns 11,413 shares of the company’s stock worth $473,000 after buying an additional 195 shares in the last quarter. CAMG Solamere Management LLC acquired a new position in Coca-Cola Company (The) during the fourth quarter worth about $406,000. Bridgeworth LLC acquired a new position in Coca-Cola Company (The) during the fourth quarter worth about $963,000. Barings LLC increased its position in Coca-Cola Company (The) by 113.0% in the fourth quarter. Barings LLC now owns 194,914 shares of the company’s stock worth $8,081,000 after buying an additional 103,400 shares in the last quarter. Finally, Hutner Capital Management Inc. increased its position in Coca-Cola Company (The) by 0.4% in the fourth quarter. Hutner Capital Management Inc. now owns 203,659 shares of the company’s stock worth $8,444,000 after buying an additional 771 shares in the last quarter. 63.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Coca-Cola Company (KO) traded up 0.286% on Friday, hitting $45.871. 2,838,134 shares of the company traded hands. The company has a market capitalization of $195.65 billion, a PE ratio of 48.438 and a beta of 0.69. The stock’s 50-day moving average price is $45.13 and its 200-day moving average price is $43.54. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.43.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly 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. 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 net margin of 10.68% and a return on equity of 34.53%. Coca-Cola Company (The)’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. On average, equities analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.24%. 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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A number of equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price objective on shares of Coca-Cola Company (The) in a research note on Monday, April 24th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $41.00 price objective on shares of Coca-Cola Company (The) in a research note on Wednesday, April 26th. Wells Fargo & Company reiterated a “market perform” rating and set a $43.00 price objective on shares of Coca-Cola Company (The) in a research note on Friday, April 28th. Finally, Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Tuesday, June 27th. Two equities research 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. The company presently has a consensus rating of “Hold” and a consensus target price of $45.70.

In other news, insider Beatriz R. Perez sold 29,282 shares of the firm’s 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 owns 118,000 shares in the company, valued at approximately $5,333,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the sale, the senior vice president now owns 98,718 shares of the company’s stock, valued at approximately $4,541,028. The disclosure for this sale can be found here. In the last quarter, insiders have sold 614,841 shares of company stock valued at $27,900,186. 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.

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

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