Chevy Chase Trust Holdings Inc. trimmed its position in Coca-Cola Company (The) (NYSE:KO) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,545,470 shares of the company’s stock after selling 42,672 shares during the period. Coca-Cola Company (The) accounts for 0.8% of Chevy Chase Trust Holdings Inc.’s investment portfolio, making the stock its 27th biggest position. Chevy Chase Trust Holdings Inc. owned about 0.08% of Coca-Cola Company (The) worth $159,014,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Shell Asset Management Co. increased its holdings in shares of Coca-Cola Company (The) by 0.5% in the first quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after purchasing an additional 4,101 shares during the period. Guinness Asset Management Ltd raised its position in shares of Coca-Cola Company (The) by 13.4% in the first quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after buying an additional 27,560 shares in the last quarter. Montecito Bank & Trust raised its position in shares of Coca-Cola Company (The) by 90.2% in the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after buying an additional 60,258 shares in the last quarter. Keystone Financial Planning Inc. raised its position in shares of Coca-Cola Company (The) by 2.1% in the first quarter. Keystone Financial Planning Inc. now owns 120,433 shares of the company’s stock worth $5,111,000 after buying an additional 2,465 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Coca-Cola Company (The) in the first quarter worth $9,549,000. 64.62% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on KO. BidaskClub lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price on shares of Coca-Cola Company (The) in a research note on Friday, July 14th. Cowen and Company restated a “hold” rating and issued a $42.00 target price on shares of Coca-Cola Company (The) in a research note on Thursday, August 24th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $46.00 price target (up previously from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $46.12.

Shares of Coca-Cola Company (NYSE:KO) traded up 0.64% on Wednesday, hitting $45.48. 6,537,348 shares of the company traded hands. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.98. The stock has a market capitalization of $193.99 billion, a price-to-earnings ratio of 48.03 and a beta of 0.70. The firm’s 50 day moving average price is $45.74 and its 200-day moving average price is $44.66. Coca-Cola Company (The) also saw unusually large options trading on Monday. Stock investors purchased 7,760 put options on the company. This represents an increase of 284% compared to the average daily volume of 2,020 put options.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the 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 company had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. Coca-Cola Company (The)’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, equities research analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

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In related news, insider Mark Randazza sold 24,156 shares of Coca-Cola Company (The) stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Francisco Crespo sold 7,700 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $46.01, for a total transaction of $354,277.00. Following the transaction, the insider now owns 29,943 shares in the company, valued at $1,377,677.43. The disclosure for this sale can be found here. In the last three months, insiders sold 366,835 shares of company stock worth $16,874,246. Insiders own 1.51% of the company’s stock.

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.

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

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