Northwestern Mutual Wealth Management Co. raised its stake in shares of Coca-Cola Co. (NYSE:KO) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,249 shares of the company’s stock after buying an additional 4,770 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Coca-Cola were worth $8,580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in shares of Coca-Cola by 19.7% in the second quarter. BNP Paribas Arbitrage SA now owns 2,099,270 shares of the company’s stock worth $95,160,000 after buying an additional 345,810 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its stake in shares of Coca-Cola by 10.3% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 346,940 shares of the company’s stock worth $15,727,000 after buying an additional 32,457 shares during the last quarter. Shell Asset Management Co. increased its stake in shares of Coca-Cola by 7.8% in the second quarter. Shell Asset Management Co. now owns 1,071,177 shares of the company’s stock worth $48,556,000 after buying an additional 77,824 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Coca-Cola by 0.4% in the second quarter. Capstone Asset Management Co. now owns 673,917 shares of the company’s stock worth $30,549,000 after buying an additional 2,488 shares during the last quarter. Finally, CIBC World Markets Inc. increased its stake in shares of Coca-Cola by 0.9% in the second quarter. CIBC World Markets Inc. now owns 256,382 shares of the company’s stock worth $11,622,000 after buying an additional 2,346 shares during the last quarter. 63.87% of the stock is currently owned by institutional investors.

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

Coca-Cola Co. (NYSE:KO) traded down 0.51% on Friday, hitting $40.91. The stock had a trading volume of 16,345,262 shares. The firm has a market cap of $176.44 billion, a price-to-earnings ratio of 24.81 and a beta of 0.68. Coca-Cola Co. has a one year low of $40.63 and a one year high of $47.13. The company’s 50-day moving average price is $42.03 and its 200 day moving average price is $43.79.

Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, October 26th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.47 billion. Coca-Cola had a net margin of 16.99% and a return on equity of 32.47%. The business’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Analysts expect that Coca-Cola Co. will post $1.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.35 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $1.40 annualized dividend and a yield of 3.42%. Coca-Cola’s dividend payout ratio (DPR) is presently 84.85%.

A number of analysts have recently commented on KO shares. Deutsche Bank AG restated a “buy” rating on shares of Coca-Cola in a research note on Sunday, July 24th. Stifel Nicolaus lowered their target price on Coca-Cola from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Jefferies Group restated a “hold” rating and issued a $45.00 target price (down previously from $46.00) on shares of Coca-Cola in a research note on Thursday, July 28th. Goldman Sachs Group Inc. set a $45.00 target price on Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Finally, Sanford C. Bernstein set a $49.00 target price on Coca-Cola and gave the stock a “buy” rating in a research note on Thursday, July 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.95.

In related news, VP Kathy N. Waller sold 36,342 shares of Coca-Cola stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $42.06, for a total value of $1,528,544.52. Following the transaction, the vice president now owns 104,345 shares in the company, valued at approximately $4,388,750.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

Coca-Cola Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.

5 Day Chart for NYSE:KO

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