Douglas Lane & Associates LLC cut its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 15.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,265 shares of the company’s stock after selling 10,781 shares during the period. Douglas Lane & Associates LLC’s holdings in Coca-Cola Company (The) were worth $2,748,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Portfolio Solutions LLC bought a new stake in shares of Coca-Cola Company (The) during the first quarter valued at about $108,000. Signature Estate & Investment Advisors LLC raised its stake in shares of 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 valued at $116,000 after buying an additional 129 shares during the period. Meeder Asset Management Inc. raised its stake in shares of 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 valued at $124,000 after buying an additional 1,026 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of 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 valued at $141,000 after buying an additional 264 shares during the period. Finally, Perkins Coie Trust Co raised its stake in shares of 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 valued at $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.

Shares of Coca-Cola Company (KO) traded down 0.33% on Friday, hitting $45.59. 8,357,607 shares of the stock were exchanged. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.43. The company has a market cap of $194.46 billion, a price-to-earnings ratio of 48.14 and a beta of 0.69. The company 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 issued its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The firm had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business’s revenue was down 15.9% on a year-over-year basis. Equities research analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current 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 issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is 154.17%.

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KO has been the topic of several research reports. Jefferies Group LLC reaffirmed a “neutral” rating and set a $45.00 price target (up from $42.00) on shares of Coca-Cola Company (The) in a report on Tuesday, April 18th. UBS AG set a $48.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Tuesday, April 18th. Credit Suisse Group raised shares of Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $44.00 to $49.00 in a report on Wednesday, April 19th. Zacks Investment Research raised shares of Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Friday, April 21st. Finally, Vetr raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target on the stock in a report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.70.

In other news, insider Beatriz R. Perez sold 29,282 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 118,000 shares in the company, valued at $5,333,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Irial Finan sold 354,146 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 780,258 shares in the company, valued at approximately $35,111,610. The disclosure for this sale can be found here. Insiders sold 614,841 shares of company stock worth $27,900,186 in the last 90 days. Company insiders own 1.51% of the company’s stock.

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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