Gilman Hill Asset Management LLC decreased its holdings in Coca-Cola Company (The) (NYSE:KO) by 18.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,125 shares of the company’s stock after selling 1,875 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Coca-Cola Company (The) were worth $364,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KO. Regentatlantic Capital LLC raised its position in Coca-Cola Company (The) by 3.1% in the 1st quarter. Regentatlantic Capital LLC now owns 15,762 shares of the company’s stock worth $669,000 after buying an additional 469 shares during the last quarter. Portfolio Solutions LLC purchased a new position in Coca-Cola Company (The) in the 1st quarter worth about $108,000. VNBTrust National Association raised its position in Coca-Cola Company (The) by 34.0% in the 1st quarter. VNBTrust National Association now owns 10,571 shares of the company’s stock worth $449,000 after buying an additional 2,684 shares during the last quarter. Carlson Capital Management raised its position in Coca-Cola Company (The) by 4.7% in the 1st quarter. Carlson Capital Management now owns 5,511 shares of the company’s stock worth $234,000 after buying an additional 249 shares during the last quarter. Finally, Marshwinds Advisory Co. raised its position in Coca-Cola Company (The) by 0.5% in the 1st quarter. Marshwinds Advisory Co. now owns 164,828 shares of the company’s stock worth $6,995,000 after buying an additional 870 shares during the last quarter. 64.68% of the stock is owned by institutional investors and hedge funds.

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KO has been the subject of a number of recent analyst reports. Sanford C. Bernstein set a $49.00 target price on Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Morgan Stanley set a $45.00 target price on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Monday, May 29th. Daiwa Capital Markets initiated coverage on Coca-Cola Company (The) in a research report on Tuesday, June 13th. They issued an “outperform” rating and a $48.60 target price for the company. Morningstar, Inc. reissued a “neutral” rating on shares of Coca-Cola Company (The) in a research report on Monday, May 29th. Finally, BidaskClub lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Coca-Cola Company (The) presently has an average rating of “Hold” and an average target price of $45.79.

Coca-Cola Company (NYSE:KO) traded up 0.51% on Wednesday, reaching $46.96. The company’s stock had a trading volume of 4,507,488 shares. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.98. The company has a market capitalization of $200.30 billion, a price-to-earnings ratio of 49.59 and a beta of 0.71. The firm has a 50-day moving average of $45.78 and a 200 day moving average of $44.28.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. Coca-Cola Company (The)’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. On average, equities research analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

In other news, insider J Alexander Douglas, Jr. sold 180,738 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $45.99, for a total value of $8,312,140.62. Following the completion of the sale, the insider now directly owns 315,606 shares in the company, valued at $14,514,719.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total value of $4,610,000.00. Following the completion of the sale, the insider now owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The disclosure for this sale can be found here. Insiders sold 366,835 shares of company stock valued at $16,874,246 over the last 90 days. Company insiders own 1.51% of the company’s stock.

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.

Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

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