Atalanta Sosnoff Capital LLC increased its stake in Coca-Cola Company (The) (NYSE:KO) by 8,208.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 667,443 shares of the company’s stock after buying an additional 659,410 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Coca-Cola Company (The) were worth $29,934,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KO. Thrivent Financial for Lutherans increased its stake in shares of Coca-Cola Company (The) by 0.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 867,108 shares of the company’s stock valued at $35,954,000 after buying an additional 5,319 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in shares of Coca-Cola Company (The) by 5.1% in the fourth quarter. Pittenger & Anderson Inc. now owns 31,155 shares of the company’s stock valued at $1,292,000 after buying an additional 1,500 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Coca-Cola Company (The) during the fourth quarter valued at about $2,170,000. Heritage Way Advisors LLC bought a new stake in shares of Coca-Cola Company (The) during the fourth quarter valued at about $2,346,000. Finally, LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Coca-Cola Company (The) during the fourth quarter valued at about $1,552,000. 63.68% of the stock is owned by institutional investors.

Shares of Coca-Cola Company (NYSE:KO) traded down 0.33% during mid-day trading on Friday, reaching $45.59. 8,357,607 shares of the company’s stock traded hands. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43. The company has a market cap of $194.46 billion, a P/E ratio of 48.14 and a beta of 0.69. The firm has a 50-day moving average of $45.14 and a 200 day moving average of $43.57.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 10.68% and a return on equity of 34.53%. The company’s revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Equities analysts forecast that Coca-Cola Company will post $1.90 EPS for the current year.

The firm also recently disclosed 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 annualized dividend 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 (DPR) is presently 154.17%.

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Several brokerages have recently issued reports on KO. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price objective (up previously from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Friday, July 28th. BMO Capital Markets decreased their target price 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. Vetr downgraded shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 target price for the company. in a research report on Monday, June 5th. Finally, BidaskClub raised shares of Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company’s stock. Coca-Cola Company (The) currently has an average rating of “Hold” and a consensus target price of $45.70.

In other Coca-Cola Company (The) news, insider Beatriz R. Perez sold 29,282 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the sale, the insider now directly owns 118,000 shares of the company’s stock, valued at $5,333,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Irial Finan sold 354,146 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the sale, the insider now directly owns 780,258 shares in the company, valued at $35,111,610. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 614,841 shares of company stock worth $27,900,186. 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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