Comerica Bank lowered its position in The Coca-Cola Co (NYSE:KO) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,244,715 shares of the company’s stock after selling 19,749 shares during the period. The Coca-Cola accounts for about 0.5% of Comerica Bank’s holdings, making the stock its 26th biggest position. Comerica Bank’s holdings in The Coca-Cola were worth $58,999,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Reynders McVeigh Capital Management LLC raised its stake in shares of The Coca-Cola by 0.9% in the third quarter. Reynders McVeigh Capital Management LLC now owns 22,977 shares of the company’s stock worth $1,061,000 after purchasing an additional 213 shares during the last quarter. Cordasco Financial Network raised its stake in shares of The Coca-Cola by 26.1% in the fourth quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock worth $49,000 after purchasing an additional 214 shares during the last quarter. Windsor Group LTD raised its stake in shares of The Coca-Cola by 1.7% in the fourth quarter. Windsor Group LTD now owns 13,672 shares of the company’s stock worth $647,000 after purchasing an additional 222 shares during the last quarter. United Capital Management of KS Inc. raised its stake in shares of The Coca-Cola by 2.3% in the fourth quarter. United Capital Management of KS Inc. now owns 10,020 shares of the company’s stock worth $474,000 after purchasing an additional 229 shares during the last quarter. Finally, We Are One Seven LLC raised its stake in shares of The Coca-Cola by 3.2% in the fourth quarter. We Are One Seven LLC now owns 7,648 shares of the company’s stock worth $361,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 66.99% of the company’s stock.

Shares of KO opened at $45.30 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.05 and a quick ratio of 0.95. The company has a market cap of $193.25 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.51. The Coca-Cola Co has a 12 month low of $41.45 and a 12 month high of $50.84.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Thursday, February 14th. The company reported $0.43 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.43. The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.07 billion. The Coca-Cola had a return on equity of 43.91% and a net margin of 20.20%. The Coca-Cola’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. On average, equities research analysts predict that The Coca-Cola Co will post 2.09 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a $0.40 dividend. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, March 14th. The Coca-Cola’s dividend payout ratio (DPR) is currently 75.00%.

In other The Coca-Cola news, insider Beatriz R. Perez sold 21,742 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $48.76, for a total value of $1,060,139.92. Following the completion of the sale, the insider now directly owns 92,645 shares of the company’s stock, valued at $4,517,370.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the sale, the senior vice president now directly owns 92,645 shares of the company’s stock, valued at $4,493,282.50. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Several brokerages have recently commented on KO. UBS Group reissued a “neutral” rating and issued a $51.00 price objective (up from $50.00) on shares of The Coca-Cola in a research note on Thursday, December 13th. HSBC downgraded The Coca-Cola from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $64.00 to $50.00 in a research note on Tuesday, March 12th. They noted that the move was a valuation call. ValuEngine downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Bank of America set a $55.00 price objective on The Coca-Cola and gave the stock a “buy” rating in a research note on Friday, December 14th. Finally, Macquarie reaffirmed a “neutral” rating and set a $50.00 price target on shares of The Coca-Cola in a research report on Tuesday, December 4th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $50.60.

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The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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