Somerville Kurt F decreased its position in shares of Coca-Cola Company (The) (NYSE:KO) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,827 shares of the company’s stock after selling 25 shares during the quarter. Somerville Kurt F’s holdings in Coca-Cola Company (The) were worth $530,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in Coca-Cola Company (The) in the 1st quarter valued at $448,000. Tompkins Financial Corp grew its position in Coca-Cola Company (The) by 3.0% in the 1st quarter. Tompkins Financial Corp now owns 7,924 shares of the company’s stock valued at $368,000 after purchasing an additional 232 shares during the period. Cribstone Capital Management LLC grew its position in Coca-Cola Company (The) by 44.7% in the 1st quarter. Cribstone Capital Management LLC now owns 4,020 shares of the company’s stock valued at $171,000 after purchasing an additional 1,241 shares during the period. Viking Fund Management LLC grew its position in Coca-Cola Company (The) by 23.0% in the 1st quarter. Viking Fund Management LLC now owns 123,000 shares of the company’s stock valued at $5,220,000 after purchasing an additional 23,000 shares during the period. Finally, Americafirst Capital Management LLC acquired a new stake in Coca-Cola Company (The) in the 1st quarter valued at $182,000. Hedge funds and other institutional investors own 64.62% of the company’s stock.

In related news, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was 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 document filed with the SEC, which is available through this hyperlink. Also, VP Kathy N. Waller sold 8,952 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $45.77, for a total value of $409,733.04. Following the transaction, the vice president now owns 109,508 shares of the company’s stock, valued at approximately $5,012,181.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,835 shares of company stock valued at $16,874,246. 1.51% of the stock is owned by company insiders.

Shares of Coca-Cola Company (NYSE:KO) traded up 0.20% during trading on Friday, hitting $45.49. The company had a trading volume of 8,024,827 shares. The company has a market capitalization of $194.03 billion, a P/E ratio of 48.04 and a beta of 0.71. The stock’s 50-day moving average price is $45.85 and its 200 day moving average price is $44.43. 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 posted its quarterly earnings data 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. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the business earned $0.60 EPS. Coca-Cola Company (The)’s revenue was down 15.9% compared to the same quarter last year. On average, equities research analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is currently 154.17%.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/09/23/somerville-kurt-f-has-530000-holdings-in-coca-cola-company-the-ko.html.

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

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)

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.