Regentatlantic Capital LLC increased its holdings in Coca-Cola Company (The) (NYSE:KO) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,826 shares of the company’s stock after acquiring an additional 64 shares during the quarter. Regentatlantic Capital LLC’s holdings in Coca-Cola Company (The) were worth $710,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. North American Management Corp grew its position in Coca-Cola Company (The) by 10.3% in the 2nd quarter. North American Management Corp now owns 6,435 shares of the company’s stock valued at $289,000 after buying an additional 600 shares during the last quarter. Shell Asset Management Co. grew its position in Coca-Cola Company (The) by 0.5% in the 1st quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock valued at $37,216,000 after buying an additional 4,101 shares during the last quarter. Guinness Asset Management Ltd grew its position in Coca-Cola Company (The) by 13.4% in the 1st quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock valued at $9,886,000 after buying an additional 27,560 shares during the last quarter. Montecito Bank & Trust grew its position in Coca-Cola Company (The) by 90.2% in the 1st quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock valued at $5,394,000 after buying an additional 60,258 shares during the last quarter. Finally, BB&T Corp grew its position in Coca-Cola Company (The) by 9.5% in the 2nd quarter. BB&T Corp now owns 913,715 shares of the company’s stock valued at $40,980,000 after buying an additional 78,932 shares during the last quarter. 64.68% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on KO. Credit Suisse Group reiterated a “buy” rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Macquarie began coverage on shares of Coca-Cola Company (The) in a research report on Friday. They issued a “neutral” rating and a $47.00 price objective on the stock. Vetr lowered shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $43.11 price objective on the stock. in a research report on Tuesday, June 20th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price objective on shares of Coca-Cola Company (The) in a research report on Friday, July 14th. Finally, Susquehanna Bancshares Inc set a $39.00 price objective on shares of Coca-Cola Company (The) and gave the company a “hold” rating in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.85.

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In related news, insider J Alexander Douglas, Jr. sold 180,738 shares of the stock in a transaction 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 transaction, the insider now owns 315,606 shares in the company, valued at approximately $14,514,719.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian John Smith sold 100,000 shares of the stock in a transaction 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 transaction, the insider now owns 136,385 shares of the company’s stock, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. Insiders sold a total of 366,835 shares of company stock valued at $16,874,246 in the last quarter. 1.51% of the stock is currently owned by corporate insiders.

Shares of Coca-Cola Company (NYSE KO) traded up 0.119% on Friday, reaching $46.165. 8,757,444 shares of the company traded hands. The company has a market capitalization of $196.91 billion, a PE ratio of 48.749 and a beta of 0.71. The firm has a 50-day moving average of $45.84 and a 200-day moving average of $44.31. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.98.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the company posted $0.60 EPS. Coca-Cola Company (The)’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, equities research analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.37 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.21%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 154.17%.

Coca-Cola Company (The) 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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