Lathrop Investment Management Corp held its position in Coca-Cola Company (The) (NYSE:KO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,188 shares of the company’s stock at the end of the 2nd quarter. Lathrop Investment Management Corp’s holdings in Coca-Cola Company (The) were worth $645,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Kissinger Financial Services LLC purchased a new stake in Coca-Cola Company (The) during the second quarter valued at $211,000. Daiwa SB Investments Ltd. purchased a new stake in shares of Coca-Cola Company (The) in the second quarter valued at $5,830,000. RB Capital Management LLC raised its stake in shares of Coca-Cola Company (The) by 0.9% in the second quarter. RB Capital Management LLC now owns 24,009 shares of the company’s stock valued at $1,077,000 after acquiring an additional 208 shares during the period. Atria Investments LLC raised its stake in shares of Coca-Cola Company (The) by 5.5% in the second quarter. Atria Investments LLC now owns 91,663 shares of the company’s stock valued at $4,111,000 after acquiring an additional 4,764 shares during the period. Finally, Dynamic Advisors Solutions LLC raised its stake in shares of Coca-Cola Company (The) by 13.0% in the second quarter. Dynamic Advisors Solutions LLC now owns 41,401 shares of the company’s stock valued at $1,857,000 after acquiring an additional 4,763 shares during the period. 64.62% of the stock is currently owned by institutional investors.

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In other Coca-Cola Company (The) news, insider Brian John Smith sold 100,000 shares of Coca-Cola Company (The) stock in a transaction dated Wednesday, August 16th. The stock was 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 directly owns 136,385 shares of the company’s stock, valued at approximately $6,287,348.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 directly 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 ninety days, insiders sold 366,835 shares of company stock valued at $16,874,246. 1.51% of the stock is currently owned by corporate insiders.

Shares of Coca-Cola Company (NYSE:KO) traded up 0.20% on Friday, reaching $45.49. 8,024,827 shares of the company’s stock traded hands. The firm’s 50 day moving average is $45.85 and its 200 day moving average is $44.43. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.98. The firm has a market capitalization of $194.03 billion, a P/E ratio of 48.04 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last released its 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 the consensus estimate 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 revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. Analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.25%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

Several equities research analysts have recently weighed in on KO shares. Zacks Investment Research raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, June 27th. Sanford C. Bernstein set a $49.00 target price on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Tuesday, July 11th. Credit Suisse Group reissued a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Monday, July 24th. UBS AG increased their target price on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Coca-Cola Company (The) has a consensus rating of “Hold” and a consensus price target of $45.85.

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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