Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 4.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 16,372 shares of the company’s stock after acquiring an additional 726 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Coca-Cola Company (The) were worth $734,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Bremer Trust National Association lifted its stake in shares of Coca-Cola Company (The) by 2.7% during the 2nd quarter. Bremer Trust National Association now owns 11,733 shares of the company’s stock worth $526,000 after acquiring an additional 306 shares during the last quarter. Curbstone Financial Management Corp lifted its stake in shares of Coca-Cola Company (The) by 6.1% during the 2nd quarter. Curbstone Financial Management Corp now owns 8,250 shares of the company’s stock worth $370,000 after acquiring an additional 475 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Coca-Cola Company (The) by 1.1% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 320,884 shares of the company’s stock worth $14,392,000 after acquiring an additional 3,646 shares during the last quarter. Catawba Capital Management VA lifted its stake in shares of Coca-Cola Company (The) by 10.9% during the 2nd quarter. Catawba Capital Management VA now owns 14,631 shares of the company’s stock worth $656,000 after acquiring an additional 1,434 shares during the last quarter. Finally, Lau Associates LLC lifted its stake in shares of Coca-Cola Company (The) by 85.1% during the 2nd quarter. Lau Associates LLC now owns 57,320 shares of the company’s stock worth $2,571,000 after acquiring an additional 26,350 shares during the last quarter. 64.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Coca-Cola Company (NYSE:KO) traded down 0.41% on Monday, reaching $45.99. The company had a trading volume of 2,696,704 shares. The firm’s 50 day moving average is $45.84 and its 200 day moving average is $44.34. The firm has a market capitalization of $196.16 billion, a PE ratio of 48.56 and a beta of 0.71. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.98.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the firm earned $0.60 earnings per share. Coca-Cola Company (The)’s quarterly revenue was down 15.9% on a year-over-year basis. On average, equities research analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

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A number of equities research analysts recently issued reports on the company. Macquarie assumed coverage on Coca-Cola Company (The) in a research note on Friday. They set a “neutral” rating and a $47.00 price target for the company. Barclays PLC set a $45.00 target price on Coca-Cola Company (The) and gave the company a “neutral” rating in a research report on Monday, May 29th. Citigroup Inc. set a $53.00 target price on Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Thursday, August 3rd. Jefferies Group LLC set a $47.00 target price on Coca-Cola Company (The) and gave the company a “neutral” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $46.00 target price on shares of Coca-Cola Company (The) in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.85.

In other Coca-Cola Company (The) news, VP Kathy N. Waller sold 8,952 shares of the firm’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 sale, the vice president now directly owns 109,508 shares in the company, valued at $5,012,181.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Edward Long sold 26,470 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $45.88, for a total value of $1,214,443.60. Following the completion of the sale, the insider now owns 45,393 shares in the company, valued at $2,082,630.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,835 shares of company stock worth $16,874,246. 1.51% of the stock is owned by insiders.

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.

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

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