City Holding Co. increased its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 0.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 164,255 shares of the company’s stock after buying an additional 447 shares during the quarter. Coca-Cola Company (The) comprises 2.6% of City Holding Co.’s holdings, making the stock its 2nd largest position. City Holding Co.’s holdings in Coca-Cola Company (The) were worth $7,365,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in KO. Canada Pension Plan Investment Board lifted its position in Coca-Cola Company (The) by 66.1% during the first quarter. Canada Pension Plan Investment Board now owns 8,514,228 shares of the company’s stock worth $361,344,000 after buying an additional 3,387,300 shares in the last quarter. State Street Corp lifted its position in Coca-Cola Company (The) by 1.2% during 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. Clearbridge Investments LLC lifted its position in Coca-Cola Company (The) by 8.1% during the first quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock worth $683,791,000 after buying an additional 1,208,498 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Coca-Cola Company (The) by 25.9% during the first quarter. Russell Investments Group Ltd. now owns 5,698,114 shares of the company’s stock worth $241,876,000 after buying an additional 1,172,329 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in Coca-Cola Company (The) by 16,325.5% during the first quarter. WINTON GROUP Ltd now owns 1,043,842 shares of the company’s stock worth $44,175,000 after buying an additional 1,037,487 shares in the last quarter. Hedge funds and other institutional investors own 64.62% of the company’s stock.

A number of equities analysts recently commented on KO shares. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, June 27th. Sanford C. Bernstein set a $49.00 price objective on Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Credit Suisse Group reiterated 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. UBS AG lifted their price objective on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.85.

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In related news, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the senior vice president now directly owns 98,718 shares in the company, valued at approximately $4,541,028. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total value of $1,111,417.56. Following the completion of the sale, the insider now owns 26,567 shares of the company’s stock, valued at $1,222,347.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 366,835 shares of company stock valued at $16,874,246. 1.51% of the stock is owned by insiders.

Coca-Cola Company (KO) traded up 0.11% on Friday, reaching $45.45. The company had a trading volume of 2,913,174 shares. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.98. The stock has a market capitalization of $193.86 billion, a P/E ratio of 47.99 and a beta of 0.71. The firm has a 50-day moving average of $45.85 and a 200-day moving average of $44.43.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. On average, equities research analysts expect 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 issued a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.23%. Coca-Cola Company (The)’s dividend payout ratio is currently 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.

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

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