Nippon Life Global Investors Americas Inc. raised its stake in Coca-Cola Company (The) (NYSE:KO) by 2.7% during the first quarter, Holdings Channel reports. The firm owned 235,180 shares of the company’s stock after buying an additional 6,090 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Coca-Cola Company (The) were worth $9,982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Securities LLC increased its position in shares of Coca-Cola Company (The) by 14.7% in the first quarter. Two Sigma Securities LLC now owns 29,643 shares of the company’s stock valued at $1,258,000 after buying an additional 3,803 shares during the last quarter. NS Partners Ltd increased its position in shares of Coca-Cola Company (The) by 99.6% in the first quarter. NS Partners Ltd now owns 205,143 shares of the company’s stock valued at $8,706,000 after buying an additional 102,390 shares during the last quarter. Keel Point LLC increased its position in shares of Coca-Cola Company (The) by 4.6% in the first quarter. Keel Point LLC now owns 17,792 shares of the company’s stock valued at $755,000 after buying an additional 790 shares during the last quarter. MEMBERS Trust Co purchased a new position in shares of Coca-Cola Company (The) during the first quarter valued at approximately $564,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Coca-Cola Company (The) during the first quarter valued at approximately $2,658,000. 63.68% of the stock is currently owned by hedge funds and other institutional investors.

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

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The business had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue was down 15.9% compared to the same quarter last year. Analysts expect that Coca-Cola Company will post $1.90 EPS 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 paid 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 dividend yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

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Several research analysts recently commented on KO shares. Zacks Investment Research downgraded shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Credit Suisse Group raised shares of Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $44.00 to $49.00 in a research note on Wednesday, April 19th. UBS AG lifted their target price on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $46.00 target price (up from $44.00) on shares of Coca-Cola Company (The) in a research note on Thursday, July 27th. Finally, Jefferies Group LLC set a $47.00 target price on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $45.70.

In other news, insider Beatriz R. Perez sold 29,282 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total transaction 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 legal filing with the SEC, which is accessible through this link. Also, insider Irial Finan sold 354,146 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. Following 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. In the last 90 days, insiders have sold 614,841 shares of company stock worth $27,900,186. 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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