Genovese Burford & Brothers Wealth & Retirement Plan Management LLC decreased its stake in Coca-Cola Company (The) (NYSE:KO) by 53.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,335 shares of the company’s stock after selling 3,863 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in Coca-Cola Company (The) were worth $142,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lyell Wealth Management LP acquired a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at $328,000. Renaissance Technologies LLC increased its position in shares of Coca-Cola Company (The) by 249.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,041,300 shares of the company’s stock valued at $43,172,000 after buying an additional 743,400 shares during the period. Greenwood Capital Associates LLC increased its position in shares of Coca-Cola Company (The) by 0.9% in the fourth quarter. Greenwood Capital Associates LLC now owns 102,461 shares of the company’s stock valued at $4,248,000 after buying an additional 875 shares during the period. Marietta Wealth Management LLC purchased a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth approximately $501,000. Finally, Cpcm LLC purchased a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth approximately $1,125,000. Hedge funds and other institutional investors own 63.80% of the company’s stock.

Coca-Cola Company (KO) traded down 0.41% on Friday, reaching $45.67. The company had a trading volume of 10,879,794 shares. The stock has a 50 day moving average price of $45.25 and a 200 day moving average price of $43.72. The stock has a market capitalization of $194.80 billion, a PE ratio of 48.23 and a beta of 0.69. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.43.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. Coca-Cola Company (The)’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. Analysts expect that Coca-Cola Company will post $1.90 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.24%. Coca-Cola Company (The)’s payout ratio is currently 154.17%.

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A number of analysts have commented on KO shares. Zacks Investment Research raised Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Friday, April 21st. Vetr raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target for the company in a research report on Monday, April 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $41.00 price target on shares of Coca-Cola Company (The) in a research report on Monday, April 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Monday, April 24th. Finally, Jefferies Group LLC reaffirmed a “neutral” rating and set a $45.00 price target on shares of Coca-Cola Company (The) in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company. Coca-Cola Company (The) currently has a consensus rating of “Hold” and a consensus target price of $45.70.

In other Coca-Cola Company (The) news, insider Irial Finan sold 354,146 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. Following the completion of the sale, the insider now directly owns 780,258 shares of the company’s stock, valued at approximately $35,111,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian John Smith sold 100,000 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the sale, the insider now directly owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The disclosure for this sale can be found here. Insiders sold a total of 750,263 shares of company stock valued at $34,134,363 over the last ninety days. 1.51% of the stock is owned by corporate insiders.

About Coca-Cola Company (The)

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 Company (The) (NYSE:KO)

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