LLBH Private Wealth Management LLC reduced its position in shares of Coca-Cola Company (The) (NYSE:KO) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,538 shares of the company’s stock after selling 592 shares during the quarter. Coca-Cola Company (The) comprises 0.4% of LLBH Private Wealth Management LLC’s holdings, making the stock its 22nd biggest position. LLBH Private Wealth Management LLC’s holdings in Coca-Cola Company (The) were worth $1,235,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State of Wisconsin Investment Board grew its position in shares of Coca-Cola Company (The) by 30.5% during the 2nd quarter. State of Wisconsin Investment Board now owns 4,466,832 shares of the company’s stock worth $200,337,000 after buying an additional 1,044,330 shares during the period. WASHINGTON TRUST Co grew its position in shares of Coca-Cola Company (The) by 15.8% during the 2nd quarter. WASHINGTON TRUST Co now owns 59,880 shares of the company’s stock worth $2,686,000 after buying an additional 8,177 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX grew its position in shares of Coca-Cola Company (The) by 6.6% during the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 35,996 shares of the company’s stock worth $1,614,000 after buying an additional 2,241 shares during the period. Morningstar Investment Services LLC grew its position in shares of Coca-Cola Company (The) by 2.7% during the 2nd quarter. Morningstar Investment Services LLC now owns 1,071,095 shares of the company’s stock worth $48,039,000 after buying an additional 28,541 shares during the period. Finally, Wrapmanager Inc. grew its position in shares of Coca-Cola Company (The) by 29.6% during the 2nd quarter. Wrapmanager Inc. now owns 48,985 shares of the company’s stock worth $2,197,000 after buying an additional 11,190 shares during the period. 64.79% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on KO shares. Sanford C. Bernstein set a $49.00 target price on Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Tuesday, July 11th. BMO Capital Markets restated 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. BidaskClub lowered Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and set a $45.00 target price on shares of Coca-Cola Company (The) in a research report on Friday, July 14th. Finally, Barclays PLC set a $45.00 target price on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.16.

Shares of Coca-Cola Company (KO) opened at $45.94 on Wednesday. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.98. The stock has a market capitalization of $193,732.53, a P/E ratio of 24.06, a PEG ratio of 3.85 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The company had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue was down 14.6% compared to the same quarter last year. research analysts forecast that Coca-Cola Company will post 1.9 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

In related news, VP Kathy N. Waller sold 8,952 shares of the 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 owns 109,508 shares in the company, valued at approximately $5,012,181.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Edward Long sold 26,470 shares of the 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 approximately $2,082,630.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,422 shares of company stock worth $6,234,177. Company insiders own 1.51% of the company’s stock.

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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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