Forsta AP Fonden increased its stake in Coca-Cola Company (The) (NYSE:KO) by 98.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 278,114 shares of the company’s stock after buying an additional 138,200 shares during the period. Forsta AP Fonden’s holdings in Coca-Cola Company (The) were worth $12,473,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Portfolio Solutions LLC acquired a new position in shares of Coca-Cola Company (The) during the first quarter worth 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 worth $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 worth $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 worth $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 worth $141,000 after buying an additional 264 shares in the last quarter. 64.67% of the stock is owned by institutional investors.

Coca-Cola Company (NYSE:KO) traded down 0.0169% during mid-day trading on Wednesday, reaching $45.4423. The company had a trading volume of 3,500,706 shares. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.43. The stock has a market capitalization of $193.83 billion, a price-to-earnings ratio of 47.9855 and a beta of 0.69. The company’s 50 day moving average is $45.35 and its 200 day moving average is $43.87.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The firm’s revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. Equities analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend 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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A number of research analysts recently commented on the company. BidaskClub downgraded Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, June 27th. Barclays PLC set a $45.00 price target on Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Monday, May 15th. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective on shares of Coca-Cola Company (The) in a research note on Friday, July 14th. Finally, Cowen and Company restated a “hold” rating and set a $42.00 price objective on shares of Coca-Cola Company (The) in a research note on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $45.79.

In related news, insider Beatriz R. Perez sold 29,282 shares of the 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 transaction, the insider now owns 118,000 shares of the company’s stock, valued at approximately $5,333,600. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the completion of the transaction, the insider now directly owns 26,567 shares of the company’s stock, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. In the last three months, insiders sold 396,117 shares of company stock valued at $18,197,793. 1.51% of the stock is owned by 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.

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

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