Probity Advisors Inc. bought a new position in shares of The Coca-Cola Company (NYSE:KO) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,728 shares of the company’s stock, valued at approximately $407,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KO. Norges Bank acquired a new stake in The Coca-Cola during the 4th quarter worth $2,345,618,000. FMR LLC boosted its stake in The Coca-Cola by 16.3% during the 4th quarter. FMR LLC now owns 56,240,715 shares of the company’s stock worth $3,084,241,000 after purchasing an additional 7,887,519 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in The Coca-Cola by 10.6% during the 4th quarter. Bank of New York Mellon Corp now owns 39,835,440 shares of the company’s stock worth $2,184,577,000 after purchasing an additional 3,818,182 shares during the last quarter. Morgan Stanley raised its holdings in shares of The Coca-Cola by 7.5% during the 4th quarter. Morgan Stanley now owns 48,640,574 shares of the company’s stock worth $2,667,449,000 after acquiring an additional 3,397,649 shares during the period. Finally, American International Group Inc. raised its holdings in shares of The Coca-Cola by 171.7% during the 4th quarter. American International Group Inc. now owns 4,592,077 shares of the company’s stock worth $279,222,000 after acquiring an additional 2,901,821 shares during the period. 65.99% of the stock is currently owned by institutional investors.

In other news, insider Alfredo Rivera sold 20,000 shares of the business’s stock in a transaction dated Tuesday, March 9th. The stock was sold at an average price of $51.15, for a total transaction of $1,023,000.00. Following the completion of the transaction, the insider now directly owns 62,000 shares of the company’s stock, valued at $3,171,300. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James Quincey sold 110,000 shares of the business’s stock in a transaction dated Friday, April 23rd. The stock was sold at an average price of $54.48, for a total value of $5,992,800.00. Following the transaction, the chief executive officer now directly owns 266,718 shares of the company’s stock, valued at $14,530,796.64. The disclosure for this sale can be found here. Insiders have sold 220,501 shares of company stock worth $11,883,380 over the last quarter. Insiders own 1.01% of the company’s stock.

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered The Coca-Cola from a “buy” rating to a “hold” rating and reduced their price target for the stock from $57.00 to $55.00 in a report on Tuesday, January 5th. Citigroup lifted their price target on The Coca-Cola from $54.00 to $57.00 in a report on Tuesday, April 20th. JPMorgan Chase & Co. lowered The Coca-Cola from an “overweight” rating to a “neutral” rating and set a $55.00 price target on the stock. in a report on Thursday, January 7th. Wolfe Research began coverage on shares of The Coca-Cola in a report on Monday, April 12th. They issued a “peer perform” rating on the stock. Finally, HSBC reduced their price objective on shares of The Coca-Cola from $61.00 to $58.00 in a report on Wednesday, January 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The Coca-Cola currently has an average rating of “Buy” and an average target price of $57.69.

Shares of NYSE:KO opened at $54.48 on Tuesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.13 and a quick ratio of 1.01. The firm has a market capitalization of $234.90 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 5.70 and a beta of 0.58. The firm’s 50-day moving average is $52.90 and its two-hundred day moving average is $51.54. The Coca-Cola Company has a 1 year low of $43.20 and a 1 year high of $54.93.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Sunday, April 18th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.05. The company had revenue of $9 billion for the quarter, compared to analyst estimates of $8.58 billion. The Coca-Cola had a net margin of 24.90% and a return on equity of 41.37%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. Analysts expect that The Coca-Cola Company will post 1.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Tuesday, June 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, June 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.08%. The Coca-Cola’s dividend payout ratio (DPR) is presently 79.62%.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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