United Bank decreased its position in shares of Coca-Cola Company (The) (NYSE:KO) by 18.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,025 shares of the company’s stock after selling 23,319 shares during the quarter. Coca-Cola Company (The) accounts for 4.2% of United Bank’s portfolio, making the stock its largest position. United Bank’s holdings in Coca-Cola Company (The) were worth $4,415,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KO. Alpha Windward LLC raised its position in Coca-Cola Company (The) by 0.9% in the first quarter. Alpha Windward LLC now owns 7,659 shares of the company’s stock worth $325,000 after acquiring an additional 68 shares during the period. Delta Asset Management LLC TN raised its position in shares of Coca-Cola Company (The) by 0.4% during the 1st quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock valued at $1,152,000 after purchasing an additional 96 shares during the period. SignalPoint Asset Management LLC raised its position in shares of Coca-Cola Company (The) by 1.2% during the 1st quarter. SignalPoint Asset Management LLC now owns 10,222 shares of the company’s stock valued at $434,000 after purchasing an additional 125 shares during the period. Signature Estate & Investment Advisors LLC raised its position in shares of Coca-Cola Company (The) by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after purchasing an additional 129 shares during the period. Finally, Baystate Wealth Management LLC raised its position in shares of Coca-Cola Company (The) by 3.3% during the 1st quarter. Baystate Wealth Management LLC now owns 4,544 shares of the company’s stock valued at $195,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 64.67% of the company’s stock.

Coca-Cola Company (NYSE KO) traded up 0.50% on Friday, hitting $45.78. 7,391,249 shares of the stock traded hands. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43. The firm’s 50-day moving average price is $45.51 and its 200-day moving average price is $44.02. The stock has a market cap of $195.27 billion, a price-to-earnings ratio of 48.34 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ 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 return on equity of 34.53% and a net margin of 10.68%. Coca-Cola Company (The)’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. On average, equities research analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

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KO has been the topic of several recent analyst reports. Morgan Stanley set a $45.00 price objective on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a research report on Monday, May 15th. Sanford C. Bernstein set a $49.00 target price on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Tuesday, July 11th. Barclays PLC set a $45.00 target price on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a research note on Monday, May 15th. Daiwa Capital Markets initiated coverage on shares of Coca-Cola Company (The) in a research note on Tuesday, June 13th. They set an “outperform” rating and a $48.60 target price for the company. Finally, Morningstar, Inc. reaffirmed a “neutral” rating on shares of Coca-Cola Company (The) in a research note on Monday, May 29th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Coca-Cola Company (The) currently has a consensus rating of “Hold” and an average price target of $45.79.

In other Coca-Cola Company (The) news, VP Kathy N. Waller sold 8,952 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian John Smith sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total value of $4,610,000.00. Following the completion of the transaction, the insider now directly owns 136,385 shares in the company, valued at $6,287,348.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 396,117 shares of company stock valued at $18,197,793. 1.51% of the stock is owned by company 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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