American Economic Planning Group Inc. ADV increased its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,580 shares of the company’s stock after acquiring an additional 8 shares during the quarter. American Economic Planning Group Inc. ADV’s holdings in Coca-Cola Company (The) were worth $340,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KO. Signature Estate & Investment Advisors LLC grew its position in Coca-Cola Company (The) by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after purchasing an additional 129 shares during the last quarter. Meeder Asset Management Inc. grew its position in Coca-Cola Company (The) by 59.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after purchasing an additional 1,026 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Coca-Cola Company (The) by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after purchasing an additional 264 shares during the last quarter. Perkins Coie Trust Co grew its position in Coca-Cola Company (The) by 21.9% during the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after purchasing an additional 572 shares during the last quarter. Finally, Welch Investments LLC grew its position in Coca-Cola Company (The) by 26.5% during the 1st quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after purchasing an additional 733 shares during the last quarter. Hedge funds and other institutional investors own 64.68% of the company’s stock.

Several brokerages have issued reports on KO. Credit Suisse Group reissued a “buy” rating and set 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 set a “neutral” rating and a $47.00 price objective on the stock. Vetr downgraded 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 reissued a “hold” rating and set 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 stock a “hold” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Coca-Cola Company (The) has an average rating of “Hold” and a consensus price target of $45.85.

In other news, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the transaction, the insider now owns 136,385 shares in the company, valued at approximately $6,287,348.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jennifer K. Mann sold 8,819 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $45.61, for a total transaction of $402,234.59. Following the transaction, the insider now owns 30,553 shares of the company’s stock, valued at approximately $1,393,522.33. 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 insiders.

Shares of Coca-Cola Company (NYSE KO) traded up 0.15% during mid-day trading on Friday, hitting $46.18. 16,141,413 shares of the company traded hands. The firm has a 50-day moving average price of $45.84 and a 200 day moving average price of $44.34. The firm has a market cap of $196.97 billion, a price-to-earnings ratio of 48.76 and a beta of 0.71. 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 announced its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. Coca-Cola Company (The)’s revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. Equities research analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

The business also recently announced 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 yield of 3.20%. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

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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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