Keel Point LLC raised its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 4.6% during the first quarter, Holdings Channel reports. The institutional investor owned 17,792 shares of the company’s stock after buying an additional 790 shares during the period. Keel Point LLC’s holdings in Coca-Cola Company (The) were worth $755,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Hutner Capital Management Inc. raised its stake in shares of 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 valued at $8,444,000 after buying an additional 771 shares in the last quarter. Hanson & Doremus Investment Management raised its stake in shares of 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 valued at $2,470,000 after buying an additional 186 shares in the last quarter. Pinnacle Financial Partners Inc. raised its stake in shares of 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 valued at $4,970,000 after buying an additional 27,083 shares in the last quarter. RB Capital Management LLC acquired a new stake in shares of Coca-Cola Company (The) during the fourth quarter valued at approximately $1,022,000. Finally, Lebenthal Asset Management LLC raised its stake in shares of 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 valued at $7,460,000 after buying an additional 4,522 shares in the last quarter. Hedge funds and other institutional investors own 63.68% of the company’s stock.

Shares of Coca-Cola Company (NYSE:KO) traded down 0.33% during midday trading on Friday, reaching $45.59. The company’s stock had a trading volume of 8,357,607 shares. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.43. The company has a 50 day moving average of $45.14 and a 200-day moving average of $43.57. The stock 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 posted its quarterly 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. 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%. The firm’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Equities research analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

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Several analysts have recently commented on KO shares. Jefferies Group LLC reiterated a “neutral” rating and set a $45.00 price objective (up previously from $42.00) on shares of Coca-Cola Company (The) in a report on Tuesday, April 18th. UBS AG set a $48.00 price objective on Coca-Cola Company (The) and gave the company a “buy” rating in a report on Tuesday, April 18th. Credit Suisse Group upgraded Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $44.00 to $49.00 in a report 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 objective for the company in a report 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 objective for the company in a report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Coca-Cola Company (The) currently has a consensus rating of “Hold” and an average target price of $45.70.

In related news, insider Irial Finan sold 354,146 shares of the 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 completion of the transaction, the insider now directly owns 780,258 shares of the company’s stock, valued at $35,111,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer K. Mann sold 8,819 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $45.61, for a total transaction of $402,234.59. Following the transaction, the insider now directly owns 30,553 shares of the company’s stock, valued at $1,393,522.33. The disclosure for this sale can be found here. Insiders have sold 614,841 shares of company stock valued at $27,900,186 over the last three months. 1.51% of the stock is currently owned by corporate insiders.

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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