Valicenti Advisory Services Inc. cut its stake in Coca-Cola Company (The) (NYSE:KO) by 24.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,365 shares of the company’s stock after selling 4,639 shares during the period. Valicenti Advisory Services Inc.’s holdings in Coca-Cola Company (The) were worth $644,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KO. Canada Pension Plan Investment Board boosted its holdings in Coca-Cola Company (The) by 66.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,514,228 shares of the company’s stock valued at $361,344,000 after acquiring an additional 3,387,300 shares during the last quarter. State Street Corp boosted its holdings in Coca-Cola Company (The) by 1.2% in the first quarter. State Street Corp now owns 173,789,519 shares of the company’s stock valued at $7,375,663,000 after acquiring an additional 2,009,675 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Coca-Cola Company (The) by 8.1% in the first quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock valued at $683,791,000 after acquiring an additional 1,208,498 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Coca-Cola Company (The) by 25.9% in the first quarter. Russell Investments Group Ltd. now owns 5,698,114 shares of the company’s stock valued at $241,876,000 after acquiring an additional 1,172,329 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in Coca-Cola Company (The) by 16,325.5% in the first quarter. WINTON GROUP Ltd now owns 1,043,842 shares of the company’s stock valued at $44,175,000 after acquiring an additional 1,037,487 shares during the last quarter. Institutional investors and hedge funds own 64.62% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday, June 27th. Sanford C. Bernstein set a $49.00 price target on Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Tuesday, July 11th. Credit Suisse Group restated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a report on Monday, July 24th. UBS AG increased their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.12.

Shares of Coca-Cola Company (NYSE KO) opened at 45.01 on Friday. The company has a 50-day moving average price of $45.85 and a 200-day moving average price of $44.43. The stock has a market capitalization of $191.98 billion, a price-to-earnings ratio of 47.53 and a beta of 0.71. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.98.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The business 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%. 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 business earned $0.60 earnings per share. On average, equities analysts anticipate 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. Shareholders of record on Friday, September 15th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is 154.17%.

In other news, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 136,385 shares in the company, valued at $6,287,348.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $46.01, for a total value of $1,111,417.56. Following the completion of the transaction, the insider now 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. Insiders have sold 366,835 shares of company stock valued at $16,874,246 in the last quarter. 1.51% of the stock is owned by company insiders.

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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.

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

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