National Planning Corp lessened its position in shares of Coca-Cola Company (The) (NYSE:KO) by 0.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 61,447 shares of the company’s stock after selling 120 shares during the quarter. National Planning Corp’s holdings in Coca-Cola Company (The) were worth $2,750,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Cambridge Advisors Inc. increased its position in Coca-Cola Company (The) by 0.3% during the 2nd quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock valued at $365,000 after purchasing an additional 26 shares during the period. Alpha Windward LLC increased its position in Coca-Cola Company (The) by 0.4% during the 2nd quarter. Alpha Windward LLC now owns 7,693 shares of the company’s stock valued at $345,000 after purchasing an additional 34 shares during the period. Lyell Wealth Management LP increased its position in Coca-Cola Company (The) by 0.6% during the 2nd quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock valued at $359,000 after purchasing an additional 50 shares during the period. Regentatlantic Capital LLC increased its position in Coca-Cola Company (The) by 0.4% during the 2nd quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock valued at $710,000 after purchasing an additional 64 shares during the period. Finally, Vigilant Capital Management LLC increased its position in Coca-Cola Company (The) by 1.9% during the 2nd quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after purchasing an additional 68 shares during the period. 64.62% of the stock is owned by institutional investors and hedge funds.

In related news, insider Brian John Smith sold 100,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the sale, the insider now directly owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kathy N. Waller sold 8,952 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $45.77, for a total value of $409,733.04. Following the sale, the vice president now directly owns 109,508 shares in the company, valued at $5,012,181.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 144,241 shares of company stock worth $6,636,411. Insiders own 1.51% of the company’s stock.

Several brokerages have recently commented on KO. Jefferies Group LLC reaffirmed a “hold” rating and set a $47.00 price objective on shares of Coca-Cola Company (The) in a research report on Wednesday, October 25th. Zacks Investment Research downgraded shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Susquehanna Bancshares Inc set a $41.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “hold” rating in a research report on Wednesday, October 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 price objective on shares of Coca-Cola Company (The) in a research report on Friday. Finally, Credit Suisse Group set a $51.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $47.16.

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Coca-Cola Company (NYSE:KO) opened at 45.86 on Tuesday. The firm’s 50-day moving average price is $45.90 and its 200 day moving average price is $45.15. The company has a market capitalization of $195.61 billion, a PE ratio of 48.43 and a beta of 0.70. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.98.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, October 25th. The company reported $0.50 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 firm had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was down 14.6% on a year-over-year basis. Equities research analysts expect that Coca-Cola Company will post $1.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.23%. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

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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