Colonial Trust Advisors lifted its holdings in shares of Coca-Cola Co (The) (NYSE:KO) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 158,677 shares of the company’s stock after buying an additional 3,901 shares during the period. Coca-Cola makes up approximately 1.2% of Colonial Trust Advisors’ holdings, making the stock its 22nd largest position. Colonial Trust Advisors’ holdings in Coca-Cola were worth $7,834,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its position in Coca-Cola by 6.7% in the second quarter. BlackRock Inc. now owns 298,038,286 shares of the company’s stock valued at $13,316,350,000 after purchasing an additional 18,701,930 shares during the period. APG Asset Management N.V. lifted its position in Coca-Cola by 39.7% in the first quarter. APG Asset Management N.V. now owns 12,591,482 shares of the company’s stock valued at $557,173,000 after purchasing an additional 3,580,852 shares during the period. State Street Corp lifted its position in Coca-Cola by 1.0% in the first quarter. State Street Corp now owns 183,307,489 shares of the company’s stock valued at $8,185,610,000 after purchasing an additional 1,787,004 shares during the period. Nordea Investment Management AB lifted its position in Coca-Cola by 58.6% in the second quarter. Nordea Investment Management AB now owns 3,914,208 shares of the company’s stock valued at $173,360,000 after purchasing an additional 1,446,746 shares during the period. Finally, California Public Employees Retirement System lifted its position in Coca-Cola by 5.1% in the second quarter. California Public Employees Retirement System now owns 24,882,363 shares of the company’s stock valued at $1,111,744,000 after purchasing an additional 1,207,765 shares during the period. Institutional investors and hedge funds own 65.86% of the company’s stock.

In related news, Director David B. Weinberg sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $48.02, for a total transaction of $2,401,000.00. Following the sale, the director now owns 355,214 shares in the company, valued at $17,057,376.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David B. Weinberg sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $48.02, for a total transaction of $9,604,000.00. Following the sale, the director now owns 355,214 shares in the company, valued at approximately $17,057,376.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 337,534 shares of company stock valued at $16,215,514. Corporate insiders own 1.01% of the company’s stock.

A number of brokerages recently commented on KO. Zacks Investment Research downgraded shares of Coca-Cola from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Tuesday, September 22nd. Bank of America restated a “buy” rating and issued a $53.00 price objective on shares of Coca-Cola in a research report on Friday, July 17th. UBS Group raised their price objective on shares of Coca-Cola from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Friday. Finally, Morgan Stanley increased their target price on shares of Coca-Cola from $54.00 to $57.00 and gave the company an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Coca-Cola currently has a consensus rating of “Buy” and a consensus price target of $53.28.

Shares of KO traded up $0.09 during mid-day trading on Tuesday, reaching $49.89. 978,342 shares of the company’s stock were exchanged, compared to its average volume of 17,357,559. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 1.97. The company has a 50-day simple moving average of $50.01 and a two-hundred day simple moving average of $47.57. Coca-Cola Co has a 52-week low of $36.27 and a 52-week high of $60.13. The company has a market cap of $213.91 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 5.76 and a beta of 0.55.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.09. Coca-Cola had a net margin of 26.77% and a return on equity of 41.44%. The business had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.37 billion. During the same period last year, the company posted $0.56 EPS. The company’s revenue was down 9.0% on a year-over-year basis. As a group, equities research analysts predict that Coca-Cola Co will post 1.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, November 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.29%. Coca-Cola’s dividend payout ratio (DPR) is 77.73%.

About Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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.

Read More: What Are Treasury Bonds?

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

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