Founders Capital Management reduced its position in shares of Coca-Cola Company (The) (NYSE:KO) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 53,095 shares of the company’s stock after selling 760 shares during the period. Coca-Cola Company (The) comprises approximately 2.1% of Founders Capital Management’s portfolio, making the stock its 14th largest position. Founders Capital Management’s holdings in Coca-Cola Company (The) were worth $2,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. North American Management Corp boosted its position in Coca-Cola Company (The) by 10.3% in the second quarter. North American Management Corp now owns 6,435 shares of the company’s stock worth $289,000 after buying an additional 600 shares in the last quarter. Shell Asset Management Co. boosted its position in Coca-Cola Company (The) by 0.5% in the first quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after buying an additional 4,101 shares in the last quarter. Guinness Asset Management Ltd boosted its position in Coca-Cola Company (The) by 13.4% in the first quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after buying an additional 27,560 shares in the last quarter. IFM Investors Pty Ltd purchased a new position in Coca-Cola Company (The) during the fourth quarter worth approximately $2,170,000. Finally, Marathon Asset Management LLP boosted its position in Coca-Cola Company (The) by 7.3% in the first quarter. Marathon Asset Management LLP now owns 2,699,084 shares of the company’s stock worth $115,439,000 after buying an additional 184,589 shares in the last quarter. 63.68% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Company (KO) traded down 0.33% during mid-day trading 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’s 50-day moving average price is $45.14 and its 200 day moving average price is $43.57. The firm 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 issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion for the quarter, compared to the consensus estimate 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 was down 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. Equities research analysts expect that Coca-Cola Company will post $1.90 EPS 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 is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.25%. Coca-Cola Company (The)’s payout ratio is 154.17%.

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A number of research analysts recently commented on KO shares. Zacks Investment Research cut Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Credit Suisse Group raised Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and increased their target price for the company from $44.00 to $49.00 in a research note on Wednesday, April 19th. UBS AG increased their target price on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Jefferies Group LLC set a $47.00 target price on Coca-Cola Company (The) and gave the company a “neutral” rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $46.00 target price (up previously from $44.00) on shares of Coca-Cola Company (The) in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average 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 business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 780,258 shares of the company’s stock, valued at approximately $35,111,610. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Beatriz R. Perez sold 29,282 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the completion of the sale, the insider now directly owns 118,000 shares of the company’s stock, valued at $5,333,600. The disclosure for this sale can be found here. Insiders have sold a total of 614,841 shares of company stock worth $27,900,186 over the last quarter. 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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