LVM Capital Management Ltd. MI reduced its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,838 shares of the company’s stock after selling 652 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Coca-Cola Company (The) were worth $1,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Coca-Cola Company (The) by 511.8% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 669,229 shares of the company’s stock worth $30,015,000 after acquiring an additional 559,835 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Coca-Cola Company (The) by 1.5% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 98,846 shares of the company’s stock worth $4,433,000 after acquiring an additional 1,422 shares during the period. Buffington Mohr McNeal bought a new position in shares of Coca-Cola Company (The) during the 2nd quarter worth approximately $213,000. Meeder Asset Management Inc. boosted its stake in shares of Coca-Cola Company (The) by 59.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after acquiring an additional 1,026 shares during the period. Finally, Mascoma Wealth Management LLC boosted its stake in shares of Coca-Cola Company (The) by 18.2% during the 2nd quarter. Mascoma Wealth Management LLC now owns 8,942 shares of the company’s stock worth $401,000 after acquiring an additional 1,376 shares during the period. Institutional investors own 64.62% of the company’s stock.

In other news, VP Kathy N. Waller sold 8,952 shares of Coca-Cola Company (The) stock in a transaction dated 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 owns 109,508 shares in the company, valued at $5,012,181.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark Randazza sold 24,156 shares of Coca-Cola Company (The) stock in a transaction dated 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 in the company, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,835 shares of company stock worth $16,874,246. Company insiders own 1.51% of the company’s stock.

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

Shares of Coca-Cola Company (NYSE:KO) traded down 0.07% during midday trading on Friday, reaching $45.49. The company had a trading volume of 5,437,871 shares. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. The company has a 50 day moving average of $45.69 and a 200 day moving average of $44.69. The company has a market capitalization of $194.03 billion, a PE ratio of 48.04 and a beta of 0.70. Coca-Cola Company (The) also was the recipient of unusually large options trading on Thursday. Stock traders bought 24,655 call options on the stock. This represents an increase of approximately 166% compared to the average volume of 9,286 call options.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a $0.37 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

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.

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

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