Lagoda Investment Management L.P. decreased its position in shares of Coca-Cola Company (The) (NYSE:KO) by 19.4% during the first quarter, Holdings Channel reports. The firm owned 3,950 shares of the company’s stock after selling 950 shares during the period. Coca-Cola Company (The) comprises approximately 0.1% of Lagoda Investment Management L.P.’s portfolio, making the stock its 25th largest position. Lagoda Investment Management L.P.’s holdings in Coca-Cola Company (The) were worth $168,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KO. Portfolio Solutions LLC bought a new stake in shares of Coca-Cola Company (The) during the first quarter worth approximately $108,000. Signature Estate & Investment Advisors LLC increased 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 worth $116,000 after buying an additional 129 shares during the period. SRS Capital Advisors Inc. increased 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 worth $141,000 after buying an additional 264 shares during the period. Welch Investments LLC increased its stake in shares of Coca-Cola Company (The) by 26.5% in the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after buying an additional 733 shares during the period. Finally, Feltz Wealth PLAN Inc. bought a new stake in shares of Coca-Cola Company (The) during the first quarter worth approximately $150,000. Institutional investors own 63.68% of the company’s stock.

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

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. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. On average, analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders 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 dividend 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 analysts have recently issued reports on the company. TheStreet upgraded Coca-Cola Company (The) from a “c+” rating to a “b” rating in a report on Thursday, April 27th. Vetr upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 target price for the company in a report on Monday, April 24th. Zacks Investment Research upgraded Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 target price for the company in a report on Friday, April 21st. UBS AG set a $48.00 target price on Coca-Cola Company (The) and gave the company a “buy” rating in a report on Tuesday, April 18th. Finally, BMO Capital Markets restated a “buy” rating and issued a $46.00 target price on shares of Coca-Cola Company (The) in a report on Wednesday, April 26th. Two 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. Coca-Cola Company (The) currently has an average rating of “Hold” and a consensus price target of $45.70.

In related news, insider Beatriz R. Perez sold 29,282 shares of the 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 completion of the transaction, the insider now owns 118,000 shares of the company’s stock, valued at approximately $5,333,600. The sale 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 stock in a transaction that occurred on 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 approximately $35,111,610. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 614,841 shares of company stock valued at $27,900,186. 1.51% of the stock is currently 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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