Raymond James Trust N.A. raised its stake in Coca-Cola Co (The) (NYSE:KO) by 28.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 986,782 shares of the company’s stock after acquiring an additional 219,463 shares during the quarter. Coca-Cola accounts for about 2.1% of Raymond James Trust N.A.’s portfolio, making the stock its 4th largest position. Raymond James Trust N.A.’s holdings in Coca-Cola were worth $48,717,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KO. State Street Corp raised its position in Coca-Cola by 1.0% in the first quarter. State Street Corp now owns 183,307,489 shares of the company’s stock valued at $8,185,610,000 after purchasing an additional 1,787,004 shares during the period. APG Asset Management N.V. raised its position in Coca-Cola by 39.7% in the first quarter. APG Asset Management N.V. now owns 12,591,482 shares of the company’s stock valued at $557,173,000 after purchasing an additional 3,580,852 shares during the period. AXA grew its stake in shares of Coca-Cola by 3.2% during the first quarter. AXA now owns 2,147,607 shares of the company’s stock valued at $95,031,000 after acquiring an additional 67,103 shares in the last quarter. Northern Oak Wealth Management Inc. grew its stake in shares of Coca-Cola by 4,960.8% during the first quarter. Northern Oak Wealth Management Inc. now owns 124,040 shares of the company’s stock valued at $5,489,000 after acquiring an additional 121,589 shares in the last quarter. Finally, Paloma Partners Management Co grew its stake in shares of Coca-Cola by 177.7% during the first quarter. Paloma Partners Management Co now owns 58,414 shares of the company’s stock valued at $2,585,000 after acquiring an additional 37,380 shares in the last quarter. 65.86% of the stock is currently owned by institutional investors.

In other Coca-Cola news, Director David B. Weinberg sold 200,000 shares of Coca-Cola stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $48.02, for a total value of $9,604,000.00. Following the completion of the transaction, the director now directly owns 355,214 shares in the company, valued at $17,057,376.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David B. Weinberg sold 98,905 shares of Coca-Cola stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $48.50, for a total value of $4,796,892.50. Following the completion of the transaction, the director now owns 355,214 shares of the company’s stock, valued at $17,227,879. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 836,439 shares of company stock valued at $40,380,407. 1.01% of the stock is currently owned by insiders.

KO has been the subject of several recent analyst reports. Zacks Investment Research downgraded Coca-Cola from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Tuesday, September 22nd. Morgan Stanley upgraded Coca-Cola from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $54.00 in a research note on Wednesday, July 22nd. They noted that the move was a valuation call. Finally, Bank of America restated a “buy” rating and set a $53.00 target price on shares of Coca-Cola in a research note on Friday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Coca-Cola has an average rating of “Buy” and an average price target of $54.19.

NYSE:KO opened at $50.03 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.96 and a current ratio of 1.09. The stock has a 50-day simple moving average of $49.97 and a 200 day simple moving average of $47.25. Coca-Cola Co has a one year low of $36.27 and a one year high of $60.13. The company has a market capitalization of $214.90 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 5.91 and a beta of 0.55.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, July 21st. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. Coca-Cola had a return on equity of 41.44% and a net margin of 26.77%. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.26 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. Coca-Cola’s quarterly revenue was down 28.0% compared to the same quarter last year. On average, equities research analysts forecast that Coca-Cola Co will post 1.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.41 dividend. The ex-dividend date is Monday, November 30th. This represents a $1.64 dividend on an annualized basis and a yield of 3.28%. Coca-Cola’s payout ratio is currently 77.73%.

Coca-Cola 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 Coca-Cola (NYSE:KO)

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