Bank of Hawaii increased its position in Coca-Cola Company (The) (NYSE:KO) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 214,956 shares of the company’s stock after acquiring an additional 9,186 shares during the period. Coca-Cola comprises approximately 0.8% of Bank of Hawaii’s holdings, making the stock its 27th largest position. Bank of Hawaii’s holdings in Coca-Cola were worth $9,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisor Partners LLC raised its stake in Coca-Cola by 10.2% during the 1st quarter. Advisor Partners LLC now owns 51,575 shares of the company’s stock valued at $2,189,000 after buying an additional 4,766 shares during the last quarter. GFS Advisors LLC raised its stake in Coca-Cola by 12.0% during the 1st quarter. GFS Advisors LLC now owns 64,744 shares of the company’s stock valued at $2,748,000 after buying an additional 6,943 shares during the last quarter. Sfmg LLC raised its stake in Coca-Cola by 2.2% during the 1st quarter. Sfmg LLC now owns 11,485 shares of the company’s stock valued at $487,000 after buying an additional 252 shares during the last quarter. Welch Investments LLC raised its stake in Coca-Cola by 26.5% during the 1st quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after buying an additional 733 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Coca-Cola by 25.2% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 1,189,749 shares of the company’s stock valued at $50,493,000 after buying an additional 239,362 shares during the last quarter. Institutional investors own 65.38% of the company’s stock.

A number of equities research analysts have weighed in on KO shares. Cowen reiterated a “hold” rating and set a $42.00 target price on shares of Coca-Cola in a research note on Thursday, August 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $49.00 target price on shares of Coca-Cola in a research note on Wednesday, September 6th. Jefferies Group reiterated a “hold” rating and set a $47.00 target price on shares of Coca-Cola in a research note on Thursday, September 7th. Vetr upgraded shares of Coca-Cola from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Finally, Macquarie started coverage on shares of Coca-Cola in a research note on Friday, September 15th. They set a “neutral” rating and a $47.00 target price for the company. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $47.80.

Shares of Coca-Cola Company (NYSE:KO) traded down $0.47 during mid-day trading on Friday, hitting $45.31. 13,026,731 shares of the stock were exchanged, compared to its average volume of 11,352,554. Coca-Cola Company has a 12-month low of $40.22 and a 12-month high of $47.48. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The company has a market cap of $195,053.33, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 3.92 and a beta of 0.70.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, November 30th. Coca-Cola’s dividend payout ratio is currently 140.95%.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.51% of the company’s stock.

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Coca-Cola 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 (NYSE:KO)

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