First Allied Advisory Services Inc. grew its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 21.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,467 shares of the company’s stock after acquiring an additional 16,298 shares during the period. First Allied Advisory Services Inc.’s holdings in Coca-Cola were worth $4,180,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Sandhill Capital Partners LLC grew its holdings in shares of Coca-Cola by 2.3% during the 2nd quarter. Sandhill Capital Partners LLC now owns 14,304 shares of the company’s stock valued at $642,000 after acquiring an additional 315 shares in the last quarter. Balyasny Asset Management LLC grew its holdings in shares of Coca-Cola by 268.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,000,000 shares of the company’s stock valued at $44,850,000 after acquiring an additional 728,224 shares in the last quarter. Petrus Trust Company LTA grew its holdings in shares of Coca-Cola by 5.5% during the 2nd quarter. Petrus Trust Company LTA now owns 109,409 shares of the company’s stock valued at $4,907,000 after acquiring an additional 5,735 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of Coca-Cola by 10.4% during the 2nd quarter. Arete Wealth Advisors LLC now owns 5,334 shares of the company’s stock valued at $239,000 after acquiring an additional 503 shares in the last quarter. Finally, QS Investors LLC grew its holdings in shares of Coca-Cola by 2.9% during the 2nd quarter. QS Investors LLC now owns 551,647 shares of the company’s stock valued at $24,741,000 after acquiring an additional 15,792 shares in the last quarter. Institutional investors and hedge funds own 65.38% of the company’s stock.

Coca-Cola Company (NYSE:KO) traded down $0.47 during mid-day trading on Monday, reaching $45.31. 13,238,500 shares of the company’s stock were exchanged, compared to its average volume of 11,495,414. 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 one year low of $40.22 and a one year high of $47.48. The company has a market capitalization of $193,050.83, a PE ratio of 23.97, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The company had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. equities analysts forecast that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola’s dividend payout ratio (DPR) is 140.95%.

In other Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the sale, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.51% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on KO shares. Wells Fargo & Company upgraded shares of Coca-Cola from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Vetr upgraded shares of Coca-Cola from a “sell” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Friday, October 27th. Royal Bank Of Canada set a $49.00 price objective on shares of Coca-Cola and gave the stock a “buy” rating in a report on Sunday, November 12th. Finally, Susquehanna Bancshares set a $41.00 price objective on shares of Coca-Cola and gave the stock a “hold” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $47.80.

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About Coca-Cola

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 (NYSE:KO)

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