Howard Capital Management increased its position in Coca-Cola Company (The) (NYSE:KO) by 7.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 265,451 shares of the company’s stock after buying an additional 18,891 shares during the period. Coca-Cola Company (The) makes up about 1.9% of Howard Capital Management’s investment portfolio, making the stock its 25th largest position. Howard Capital Management’s holdings in Coca-Cola Company (The) were worth $11,905,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in KO. Wsfs Capital Management LLC acquired a new stake in Coca-Cola Company (The) during the fourth quarter valued at $687,000. Philadelphia Trust Co. boosted its stake in Coca-Cola Company (The) by 6.6% in the fourth quarter. Philadelphia Trust Co. now owns 15,406 shares of the company’s stock valued at $639,000 after buying an additional 952 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Coca-Cola Company (The) during the fourth quarter valued at $5,210,000. Kentucky Retirement Systems acquired a new stake in Coca-Cola Company (The) during the fourth quarter valued at $11,678,000. Finally, Pegasus Partners Ltd. boosted its stake in Coca-Cola Company (The) by 5.4% in the fourth quarter. Pegasus Partners Ltd. now owns 10,607 shares of the company’s stock valued at $440,000 after buying an additional 543 shares in the last quarter. 63.80% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Company (NYSE KO) traded up 0.230% on Monday, reaching $45.775. The company’s stock had a trading volume of 3,525,093 shares. The company has a market cap of $195.24 billion, a P/E ratio of 48.337 and a beta of 0.69. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.43. The company has a 50-day moving average price of $45.25 and a 200 day moving average price of $43.72.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.24%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 154.17%.

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Several equities research analysts have recently weighed in on the company. Deutsche Bank AG reissued a “hold” rating and issued a $46.00 price objective (up from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Zacks Investment Research raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Friday, July 28th. BMO Capital Markets reduced their price objective on Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating for the company in a research report on Monday, July 31st. Vetr cut Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 price objective for the company. in a research report on Monday, June 5th. Finally, BidaskClub raised Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.70.

In other news, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 136,385 shares of the company’s stock, valued at approximately $6,287,348.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kathy N. Waller sold 8,952 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $45.77, for a total value of $409,733.04. Following the transaction, the vice president now directly owns 109,508 shares of the company’s stock, valued at approximately $5,012,181.16. The disclosure for this sale can be found here. Insiders have sold a total of 750,263 shares of company stock valued at $34,134,363 in the last three months. 1.51% of the stock is owned by 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.

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

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