Pax World Management LLC lifted its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 10.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,835 shares of the company’s stock after acquiring an additional 3,100 shares during the period. Pax World Management LLC’s holdings in Coca-Cola Company (The) were worth $1,428,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Coca-Cola Company (The) by 1.2% during the 1st 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 period. Legal & General Group Plc lifted its position in shares of Coca-Cola Company (The) by 4.0% during the 1st quarter. Legal & General Group Plc now owns 20,535,490 shares of the company’s stock valued at $871,552,000 after acquiring an additional 789,178 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Coca-Cola Company (The) by 2.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,219,699 shares of the company’s stock valued at $817,154,000 after acquiring an additional 481,607 shares during the period. Clearbridge Investments LLC lifted its position in shares of Coca-Cola Company (The) by 8.1% during the 1st 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 period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Coca-Cola Company (The) by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,687,859 shares of the company’s stock valued at $496,033,000 after acquiring an additional 41,520 shares during the period. Institutional investors own 64.92% of the company’s stock.

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A number of analysts have commented on the stock. Wells Fargo & Company upgraded shares of Coca-Cola Company (The) from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $46.72 to $51.00 in a research note on Tuesday. Royal Bank Of Canada set a $49.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Sunday. Vetr upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Susquehanna Bancshares Inc set a $42.00 price target on shares of Coca-Cola Company (The) and gave the company a “hold” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.50.

In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.51% of the stock is owned by corporate insiders.

Coca-Cola Company (KO) opened at $47.43 on Wednesday. The firm has a market cap of $199,058.36, a PE ratio of 24.72, a P/E/G ratio of 3.96 and a beta of 0.70. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. Coca-Cola Company has a 1 year low of $39.88 and a 1 year high of $47.48.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 140.95%.

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.

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

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