New England Research & Management Inc. raised its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,193 shares of the company’s stock after purchasing an additional 100 shares during the period. New England Research & Management Inc.’s holdings in Coca-Cola Company (The) were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KO. Cribstone Capital Management LLC boosted its holdings in shares of Coca-Cola Company (The) by 44.7% during 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 last quarter. Viking Fund Management LLC boosted its holdings in shares of Coca-Cola Company (The) by 23.0% during 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 last quarter. Americafirst Capital Management LLC bought a new position in shares of Coca-Cola Company (The) during the 1st quarter valued at about $182,000. Howard Capital Management boosted its holdings in shares of Coca-Cola Company (The) by 6.3% during the 1st quarter. Howard Capital Management now owns 246,560 shares of the company’s stock valued at $10,464,000 after purchasing an additional 14,635 shares during the last quarter. Finally, Berkshire Asset Management LLC PA boosted its holdings in shares of Coca-Cola Company (The) by 8.6% during the 1st quarter. Berkshire Asset Management LLC PA now owns 406,821 shares of the company’s stock valued at $17,265,000 after purchasing an additional 32,290 shares during the last quarter. 64.62% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have commented on the stock. Macquarie assumed 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 objective for the company. Barclays PLC set a $45.00 price target on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Monday, May 29th. Citigroup Inc. set a $53.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Thursday, August 3rd. Jefferies Group LLC set a $47.00 price target on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $46.00 price target on shares of Coca-Cola Company (The) in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.85.

In other news, insider Mark Randazza sold 24,156 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 26,567 shares in the company, valued at approximately $1,222,347.67. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the transaction, the senior vice president now owns 98,718 shares in the company, valued at $4,541,028. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,835 shares of company stock worth $16,874,246. Company insiders own 1.51% of the company’s stock.

Shares of Coca-Cola Company (KO) traded up 0.20% during trading on Friday, hitting $45.49. 8,024,827 shares of the stock were exchanged. The company has a market cap of $194.03 billion, a price-to-earnings ratio of 48.04 and a beta of 0.71. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. The stock’s 50 day moving average price is $45.85 and its 200-day moving average price is $44.43.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, analysts predict that Coca-Cola Company will post $1.90 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders 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 dividend yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

About Coca-Cola Company (The)

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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