State Street Corp raised its position in shares of Coca-Cola Company (The) (NYSE:KO) by 1.2% during the first quarter, Holdings Channel reports. The firm owned 173,789,519 shares of the company’s stock after buying an additional 2,009,675 shares during the period. State Street Corp’s holdings in Coca-Cola Company (The) were worth $7,375,663,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Hutner Capital Management Inc. boosted its stake 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 during the period. Hanson & Doremus Investment Management boosted its stake in Coca-Cola Company (The) by 0.3% in the fourth quarter. Hanson & Doremus Investment Management now owns 59,578 shares of the company’s stock worth $2,470,000 after buying an additional 186 shares during the period. Pinnacle Financial Partners Inc. boosted its stake in Coca-Cola Company (The) by 29.2% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 119,879 shares of the company’s stock worth $4,970,000 after buying an additional 27,083 shares during the period. RB Capital Management LLC acquired a new stake in Coca-Cola Company (The) during the fourth quarter worth approximately $1,022,000. Finally, Lebenthal Asset Management LLC boosted its stake in Coca-Cola Company (The) by 2.6% in the fourth quarter. Lebenthal Asset Management LLC now owns 179,945 shares of the company’s stock worth $7,460,000 after buying an additional 4,522 shares during the period. Institutional investors own 63.68% of the company’s stock.

Shares of Coca-Cola Company (NYSE:KO) traded down 0.33% during mid-day trading on Friday, reaching $45.59. The company’s stock had a trading volume of 8,357,607 shares. The company’s 50 day moving average price is $45.14 and its 200-day moving average price is $43.57. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.43. The company has a market capitalization of $194.46 billion, a price-to-earnings ratio of 48.14 and a beta of 0.69.

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

The business 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 is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

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A number of equities research analysts have commented on KO shares. Jefferies Group LLC reiterated a “neutral” rating and issued a $45.00 price target (up from $42.00) on shares of Coca-Cola Company (The) in a research note on Tuesday, April 18th. UBS AG set a $48.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Tuesday, April 18th. Credit Suisse Group upgraded Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and increased their price target for the company from $44.00 to $49.00 in a research note on Wednesday, April 19th. Zacks Investment Research upgraded Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Friday, April 21st. Finally, Vetr upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target for the company in a research note on Monday, April 24th. Two investment 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 company presently has a consensus rating of “Hold” and a consensus target price of $45.70.

In other Coca-Cola Company (The) news, insider Irial Finan sold 354,146 shares of the stock in a transaction 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 sale, the insider now owns 780,258 shares in the company, valued at approximately $35,111,610. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Randazza sold 24,156 shares of the stock in a transaction 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 sale, the insider now owns 26,567 shares in the company, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. In the last quarter, insiders have sold 614,841 shares of company stock worth $27,900,186. 1.51% of the stock is owned by 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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