CNA Financial Corp continued to hold its stake in shares of Coca-Cola Company (The) (NYSE:KO) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 28,500 shares of the company’s stock at the end of the first quarter. CNA Financial Corp’s holdings in Coca-Cola Company (The) were worth $1,210,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in shares of Coca-Cola Company (The) by 1.2% in the first quarter. State Street Corp now owns 173,789,519 shares of the company’s stock worth $7,375,663,000 after buying an additional 2,009,675 shares in the last quarter. Norges Bank purchased a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth about $1,486,731,000. Legal & General Group Plc raised its stake in shares of Coca-Cola Company (The) by 4.0% in the first quarter. Legal & General Group Plc now owns 20,535,490 shares of the company’s stock worth $871,552,000 after buying an additional 789,178 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Coca-Cola Company (The) by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,738,092 shares of the company’s stock worth $752,805,000 after buying an additional 1,001,984 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Coca-Cola Company (The) by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,687,859 shares of the company’s stock worth $496,033,000 after buying an additional 41,520 shares in the last quarter. 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% during trading on Friday, hitting $45.59. The stock had a trading volume of 8,357,607 shares. 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. The company 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 released its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the consensus estimate 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 company had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the company posted $0.60 earnings per share. The firm’s revenue was down 15.9% compared to the same quarter last year. Analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend 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 KO shares. Barclays PLC set a $45.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Wednesday, July 19th. UBS AG lifted their price target on 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. Citigroup Inc. set a $53.00 price target on Coca-Cola Company (The) and gave the stock a “buy” rating in a research note on Thursday, August 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $46.00 price target on shares of Coca-Cola Company (The) in a research note on Wednesday, April 26th. Finally, BidaskClub lowered Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $45.70.

In other Coca-Cola Company (The) news, insider Irial Finan sold 354,146 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total value of $15,936,570.00. Following 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, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the transaction, the senior vice president now directly owns 98,718 shares in the company, valued at $4,541,028. The disclosure for this sale can be found here. Insiders sold 614,841 shares of company stock worth $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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