Legal & General Group Plc increased its position in shares of Coca-Cola Company (The) (NYSE:KO) by 4.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,535,490 shares of the company’s stock after buying an additional 789,178 shares during the quarter. Coca-Cola Company (The) accounts for about 0.7% of Legal & General Group Plc’s portfolio, making the stock its 21st biggest holding. Legal & General Group Plc owned about 0.48% of Coca-Cola Company (The) worth $871,552,000 at the end of the most recent reporting period.

Other large 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 worth about $108,000. Signature Estate & Investment Advisors LLC boosted its position in Coca-Cola Company (The) by 5.0% during the first 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 last quarter. SRS Capital Advisors Inc. boosted its position in Coca-Cola Company (The) by 8.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares during the last quarter. Welch Investments LLC boosted its position in Coca-Cola Company (The) by 26.5% during the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after purchasing an additional 733 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. acquired a new position in Coca-Cola Company (The) during the first quarter valued at approximately $150,000. Institutional investors and hedge funds own 64.68% of the company’s stock.

In related news, insider Brian John Smith sold 100,000 shares of the firm’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 transaction of $4,610,000.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Beatriz R. Perez sold 29,282 shares of the firm’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 transaction of $1,323,546.40. Following the sale, the insider now directly owns 118,000 shares of the company’s stock, valued at approximately $5,333,600. The disclosure for this sale can be found here. Insiders have sold 396,117 shares of company stock valued at $18,197,793 over the last quarter. Company insiders own 1.51% of the company’s stock.

Several brokerages recently commented on KO. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price target (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 target for the company in a research report on Friday, July 28th. BMO Capital Markets reduced their price target 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 target for the company. in a research report on Monday, June 5th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, fifteen have given 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 $45.79.

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Shares of Coca-Cola Company (NYSE KO) traded up 0.19% during mid-day trading on Friday, reaching $46.37. The company’s stock had a trading volume of 4,997,623 shares. The company has a market cap of $197.78 billion, a P/E ratio of 48.97 and a beta of 0.71. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.42. The company has a 50-day moving average of $45.64 and a 200-day moving average of $44.16.

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

The firm also recently announced 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 annualized dividend and a dividend yield of 3.20%. Coca-Cola Company (The)’s payout ratio is 154.17%.

Coca-Cola Company (The) 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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