Motco increased its holdings in shares of The Coca-Cola Co (NYSE:KO) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,474 shares of the company’s stock after purchasing an additional 1,591 shares during the period. Motco’s holdings in The Coca-Cola were worth $4,100,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in The Coca-Cola by 1.9% in the 1st quarter. BlackRock Inc. now owns 246,505,322 shares of the company’s stock valued at $10,705,725,000 after acquiring an additional 4,526,566 shares in the last quarter. Suntrust Banks Inc. lifted its stake in The Coca-Cola by 1.3% in the 1st quarter. Suntrust Banks Inc. now owns 20,136,587 shares of the company’s stock valued at $874,530,000 after acquiring an additional 265,918 shares in the last quarter. Swiss National Bank lifted its stake in The Coca-Cola by 2.8% in the 2nd quarter. Swiss National Bank now owns 15,439,790 shares of the company’s stock valued at $677,189,000 after acquiring an additional 425,900 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in The Coca-Cola by 2.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,397,678 shares of the company’s stock valued at $631,483,000 after acquiring an additional 401,752 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in The Coca-Cola by 7.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,119,142 shares of the company’s stock valued at $575,406,000 after acquiring an additional 949,483 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

Shares of The Coca-Cola stock opened at $44.95 on Friday. The Coca-Cola Co has a 12-month low of $41.45 and a 12-month high of $48.62. The company has a market cap of $193.54 billion, a PE ratio of 23.03, a P/E/G ratio of 2.80 and a beta of 0.79. The company has a current ratio of 1.15, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The company had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the prior year, the business posted $0.59 EPS. The business’s revenue was down 8.3% compared to the same quarter last year. equities analysts expect that The Coca-Cola Co will post 2.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, September 13th. The Coca-Cola’s dividend payout ratio is currently 81.68%.

Several equities research analysts have commented on the company. Zacks Investment Research cut The Coca-Cola from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Macquarie restated a “neutral” rating and issued a $47.00 target price on shares of The Coca-Cola in a research note on Wednesday, June 13th. Stifel Nicolaus restated a “neutral” rating and issued a $49.00 target price on shares of The Coca-Cola in a research note on Monday, July 16th. Jefferies Financial Group restated a “neutral” rating and issued a $44.00 target price on shares of The Coca-Cola in a research note on Friday, May 25th. Finally, JPMorgan Chase & Co. restated a “$45.12” rating and issued a $49.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 18th. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.24.

In related news, VP Kathy N. Waller sold 48,354 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total transaction of $2,246,043.30. Following the transaction, the vice president now directly owns 200,725 shares of the company’s stock, valued at approximately $9,323,676.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Murphy sold 56,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $46.48, for a total value of $2,602,880.00. Following the transaction, the insider now directly owns 140,869 shares in the company, valued at $6,547,591.12. The disclosure for this sale can be found here. Insiders have sold a total of 215,822 shares of company stock worth $10,027,727 over the last three months. 1.48% of the stock is owned by insiders.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Featured Story: How do investors use RSI to grade stocks?

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

Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.