Koshinski Asset Management Inc. trimmed its position in shares of Coca-Cola Company (The) (NYSE:KO) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,157 shares of the company’s stock after selling 455 shares during the period. Koshinski Asset Management Inc.’s holdings in Coca-Cola Company (The) were worth $680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Delta Asset Management LLC TN grew its position in Coca-Cola Company (The) by 0.4% during the 1st quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock worth $1,152,000 after purchasing an additional 96 shares in the last quarter. SignalPoint Asset Management LLC grew its position in Coca-Cola Company (The) by 1.2% during the 1st quarter. SignalPoint Asset Management LLC now owns 10,222 shares of the company’s stock worth $434,000 after purchasing an additional 125 shares in the last quarter. 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 in the last quarter. Baystate Wealth Management LLC grew its position in Coca-Cola Company (The) by 3.3% during the 1st quarter. Baystate Wealth Management LLC now owns 4,544 shares of the company’s stock worth $195,000 after purchasing an additional 144 shares in the last quarter. Finally, Wealth Architects LLC grew its position in Coca-Cola Company (The) by 1.5% during the 1st quarter. Wealth Architects LLC now owns 9,742 shares of the company’s stock worth $413,000 after purchasing an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 64.62% of the company’s stock.

Coca-Cola Company (KO) traded up 0.0929% on Friday, reaching $45.4422. 2,913,513 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $45.85 and its 200-day moving average is $44.43. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.98. The firm has a market cap of $193.82 billion, a PE ratio of 47.9854 and a beta of 0.71.

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

The company 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 3.23%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

Several equities analysts have weighed in on the stock. Vetr upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Deutsche Bank AG restated a “hold” rating and set a $46.00 price target (up from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Friday, July 28th. Macquarie started coverage on shares of Coca-Cola Company (The) in a report on Friday, September 15th. They set a “neutral” rating and a $47.00 price target on the stock. Finally, BMO Capital Markets lowered their price target on shares of Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating on the stock in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.85.

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In other news, insider Mark Randazza sold 24,156 shares of Coca-Cola Company (The) stock in a transaction dated 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 transaction, the insider now owns 26,567 shares of the company’s stock, valued at approximately $1,222,347.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian John Smith sold 100,000 shares of Coca-Cola Company (The) 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 directly 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. In the last three months, insiders sold 366,835 shares of company stock valued at $16,874,246. Insiders own 1.51% of the company’s stock.

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.

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

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