FundX Investment Group LLC continued to hold its stake in shares of Coca-Cola Company (The) (NYSE:KO) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 22,600 shares of the company’s stock at the end of the 2nd quarter. Coca-Cola Company (The) makes up 0.4% of FundX Investment Group LLC’s portfolio, making the stock its 20th largest holding. FundX Investment Group LLC’s holdings in Coca-Cola Company (The) were worth $1,014,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Summit Financial Group Inc. acquired a new stake in shares of Coca-Cola Company (The) in the second quarter valued at $2,779,000. Global X Management Co. LLC lifted its holdings in shares of Coca-Cola Company (The) by 6.0% in the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock valued at $9,966,000 after buying an additional 12,513 shares during the period. Montecito Bank & Trust lifted its holdings in shares of Coca-Cola Company (The) by 90.2% in the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock valued at $5,394,000 after buying an additional 60,258 shares during the period. BB&T Corp lifted its holdings in shares of Coca-Cola Company (The) by 9.5% in the second quarter. BB&T Corp now owns 913,715 shares of the company’s stock valued at $40,980,000 after buying an additional 78,932 shares during the period. Finally, Keystone Financial Planning Inc. lifted its holdings in shares of Coca-Cola Company (The) by 2.1% in the first quarter. Keystone Financial Planning Inc. now owns 120,433 shares of the company’s stock valued at $5,111,000 after buying an additional 2,465 shares during the period. Institutional investors and hedge funds own 65.09% of the company’s stock.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the transaction, the insider now owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.51% of the company’s stock.

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Coca-Cola Company (NYSE KO) opened at $45.78 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $47.48. The firm has a market capitalization of $193,689.92, a PE ratio of 24.05, a price-to-earnings-growth ratio of 3.85 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The company had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the firm posted $0.49 EPS. The business’s revenue was down 14.6% compared to the same quarter last year. sell-side analysts anticipate that Coca-Cola Company will post 1.9 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is 140.95%.

Several brokerages have recently weighed in on KO. Macquarie began coverage on Coca-Cola Company (The) in a report on Friday, September 15th. They issued a “neutral” rating and a $47.00 price objective for the company. Susquehanna Bancshares Inc set a $45.00 price objective on Coca-Cola Company (The) and gave the company a “hold” rating in a report on Tuesday. Goldman Sachs Group, Inc. (The) set a $45.00 price objective on Coca-Cola Company (The) and gave the company a “sell” rating in a report on Tuesday. Zacks Investment Research lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub upgraded Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $47.71.

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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