RKL Wealth Management LLC lessened its position in shares of The Coca-Cola Co (NYSE:KO) by 20.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,063 shares of the company’s stock after selling 1,778 shares during the quarter. RKL Wealth Management LLC’s holdings in The Coca-Cola were worth $308,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KO. C WorldWide Group Holding A S grew its stake in The Coca-Cola by 873.0% during the 2nd quarter. C WorldWide Group Holding A S now owns 7,630,919 shares of the company’s stock worth $334,692,000 after buying an additional 6,846,641 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of The Coca-Cola by 1,766.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,105,608 shares of the company’s stock valued at $326,006,000 after purchasing an additional 6,724,982 shares during the last quarter. BlackRock Inc. grew its stake in shares of 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 purchasing an additional 4,526,566 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of The Coca-Cola by 11.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 17,857,938 shares of the company’s stock valued at $819,322,000 after purchasing an additional 1,869,038 shares during the last quarter. Finally, Findlay Park Partners LLP grew its stake in shares of The Coca-Cola by 21.9% in the 1st quarter. Findlay Park Partners LLP now owns 10,115,538 shares of the company’s stock valued at $439,318,000 after purchasing an additional 1,819,279 shares during the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

KO opened at $46.22 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.15 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $196.57 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79. The Coca-Cola Co has a 12 month low of $41.45 and a 12 month high of $48.62.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 25th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.54 billion. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. research analysts forecast that The Coca-Cola Co will post 2.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be issued a $0.39 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 3.38%. The Coca-Cola’s dividend payout ratio is currently 81.68%.

KO has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated 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. TheStreet upgraded The Coca-Cola from a “c+” rating to a “b-” rating in a research note on Tuesday, July 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $56.00 target price on shares of The Coca-Cola in a research note on Monday, April 23rd. Morningstar set a $49.00 target price on The Coca-Cola and gave the company a “buy” rating in a research note on Friday, May 18th. Finally, Citigroup reiterated a “buy” rating on shares of The Coca-Cola in a research note on Thursday, May 17th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $49.75.

In other news, VP Kathy N. Waller sold 48,354 shares of the firm’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 value of $2,246,043.30. Following the completion of the sale, 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 link. Also, insider John Murphy sold 56,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $46.48, for a total value of $2,602,880.00. Following the completion of the sale, the insider now directly owns 140,869 shares of the company’s stock, valued at $6,547,591.12. The disclosure for this sale can be found here. Insiders sold a total of 215,822 shares of company stock valued at $10,027,727 over the last three months. Insiders own 1.48% of the company’s stock.

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.

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

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