Notis McConarty Edward cut its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 2.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,500 shares of the company’s stock after selling 250 shares during the quarter. Notis McConarty Edward’s holdings in Coca-Cola Company (The) were worth $381,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC boosted its holdings in Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after purchasing an additional 129 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after purchasing an additional 1,026 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in Coca-Cola Company (The) by 8.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares in the last quarter. Perkins Coie Trust Co boosted its holdings in Coca-Cola Company (The) by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after purchasing an additional 572 shares in the last quarter. Finally, Welch Investments LLC boosted its holdings in Coca-Cola Company (The) by 26.5% in the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after purchasing an additional 733 shares in the last quarter. 64.62% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Company (NYSE KO) traded up 0.1537% during midday trading on Monday, hitting $45.5599. The stock had a trading volume of 3,362,709 shares. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. The firm has a market cap of $194.33 billion, a PE ratio of 48.1097 and a beta of 0.71. The stock has a 50-day moving average price of $45.85 and a 200 day moving average price of $44.43.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) 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 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%. The business’s revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. On average, analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current 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. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 154.17%.

In related news, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 136,385 shares of the company’s stock, valued at approximately $6,287,348.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the firm’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 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 disclosure for this sale can be found here. In the last three months, insiders sold 366,835 shares of company stock worth $16,874,246. Company insiders own 1.51% of the company’s stock.

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A number of equities analysts recently issued reports on the company. Credit Suisse Group reaffirmed a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a report on Monday, July 24th. Macquarie assumed coverage on Coca-Cola Company (The) in a report on Friday, September 15th. They issued a “neutral” rating and a $47.00 price target for the company. Vetr downgraded Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $43.11 price target for the company. in a report on Tuesday, June 20th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Coca-Cola Company (The) in a report on Friday, July 14th. Finally, Susquehanna Bancshares Inc set a $39.00 price target on Coca-Cola Company (The) and gave the company a “hold” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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.

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

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