Bradley Foster & Sargent Inc. CT lowered its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 408,362 shares of the company’s stock after selling 39,874 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Coca-Cola were worth $18,315,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC raised its position in Coca-Cola by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after purchasing an additional 129 shares in the last quarter. Meeder Asset Management Inc. raised its position in Coca-Cola by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after purchasing an additional 1,026 shares in the last quarter. Eagle Ridge Investment Management purchased a new stake in Coca-Cola during the second quarter valued at about $138,000. SRS Capital Advisors Inc. raised its position in Coca-Cola by 8.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares in the last quarter. Finally, Perkins Coie Trust Co raised its position in Coca-Cola by 21.9% during the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after purchasing an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 65.38% of the company’s stock.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of Coca-Cola stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.51% of the stock is currently owned by company insiders.

A number of research firms have weighed in on KO. Goldman Sachs Group set a $45.00 price target on Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, November 15th. Cowen restated a “hold” rating and set a $42.00 price target on shares of Coca-Cola in a research report on Thursday, August 24th. J P Morgan Chase & Co set a $49.00 price objective on Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, November 16th. Vetr raised Coca-Cola from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Finally, Morgan Stanley set a $48.00 price objective on Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $47.80.

Shares of Coca-Cola Company (NYSE KO) traded up $0.03 on Wednesday, reaching $46.26. 13,670,699 shares of the company’s stock traded hands, compared to its average volume of 11,512,455. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. Coca-Cola Company has a twelve month low of $40.22 and a twelve month high of $47.48. The stock has a market capitalization of $196,970.64, a price-to-earnings ratio of 24.46, a PEG ratio of 3.91 and a beta of 0.70.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. Coca-Cola’s payout ratio is 140.95%.

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About Coca-Cola

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 (NYSE:KO)

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