Doyle Wealth Management boosted its stake in Coca-Cola Company (The) (NYSE:KO) by 14.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,289 shares of the company’s stock after buying an additional 24,873 shares during the period. Coca-Cola Company (The) makes up about 1.7% of Doyle Wealth Management’s holdings, making the stock its 24th largest position. Doyle Wealth Management’s holdings in Coca-Cola Company (The) were worth $8,983,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Portfolio Solutions LLC bought a new position in shares of Coca-Cola Company (The) during the first quarter valued at approximately $108,000. Signature Estate & Investment Advisors LLC increased its position in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares in the last quarter. Perkins Coie Trust Co increased its position in shares of Coca-Cola Company (The) by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after buying an additional 572 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of Coca-Cola Company (The) by 8.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after buying an additional 264 shares in the last quarter. Institutional investors own 63.80% of the company’s stock.

Shares of Coca-Cola Company (NYSE:KO) traded up 0.62% during midday trading on Friday, hitting $45.69. The stock had a trading volume of 3,587,290 shares. The company has a market cap of $194.88 billion, a PE ratio of 48.25 and a beta of 0.69. The company’s 50 day moving average is $45.32 and its 200 day moving average is $43.84. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.42.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. On average, analysts anticipate that Coca-Cola Company will post $1.90 earnings per share 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 given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is 154.17%.

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Several brokerages have commented on KO. UBS AG restated a “buy” rating and issued a $48.00 target price on shares of Coca-Cola Company (The) in a research note on Monday, May 15th. Cowen and Company restated a “hold” rating and issued a $42.00 target price on shares of Coca-Cola Company (The) in a research note on Thursday. Barclays PLC set a $45.00 target price on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Monday, May 29th. Citigroup Inc. set a $53.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC set a $47.00 price target on Coca-Cola Company (The) and gave the company a “neutral” rating in a research report on Thursday, July 27th. 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. The stock currently has a consensus rating of “Hold” and an average target price of $45.79.

In other Coca-Cola Company (The) news, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total value of $4,610,000.00. Following the sale, the insider now owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Beatriz R. Perez sold 29,282 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total value of $1,323,546.40. Following the completion of the sale, the insider now directly owns 118,000 shares in the company, valued at approximately $5,333,600. The disclosure for this sale can be found here. In the last three months, insiders sold 396,117 shares of company stock worth $18,197,793. 1.51% of the stock is owned by corporate insiders.

Coca-Cola Company (The) Company Profile

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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