Coca-Cola Company (The) (KO) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC decreased its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,533 shares of the company’s stock after selling 898 shares during the period. Court Place Advisors LLC’s holdings in Coca-Cola Company (The) were worth $1,145,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of KO. Alpha Windward LLC raised its stake in Coca-Cola Company (The) by 0.4% in the second quarter. Alpha Windward LLC now owns 7,693 shares of the company’s stock valued at $345,000 after buying an additional 34 shares in the last quarter. Vigilant Capital Management LLC raised its stake in Coca-Cola Company (The) by 1.9% in the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after buying an additional 68 shares in the last quarter. Delta Asset Management LLC TN raised its stake in Coca-Cola Company (The) by 0.4% in the first quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock valued at $1,152,000 after buying an additional 96 shares in the last quarter. New England Research & Management Inc. raised its stake in Coca-Cola Company (The) by 0.8% in the second quarter. New England Research & Management Inc. now owns 13,193 shares of the company’s stock valued at $592,000 after buying an additional 100 shares in the last quarter. Finally, Iowa State Bank raised its stake in Coca-Cola Company (The) by 2.1% in the second quarter. Iowa State Bank now owns 5,400 shares of the company’s stock valued at $242,000 after buying an additional 113 shares in the last quarter. 63.80% of the stock is owned by institutional investors.

Shares of Coca-Cola Company (KO) traded up 0.35% on Friday, reaching $45.57. The company had a trading volume of 8,807,143 shares. The stock’s 50 day moving average is $45.35 and its 200 day moving average is $43.87. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.43. The firm has a market capitalization of $194.37 billion, a price-to-earnings ratio of 48.12 and a beta of 0.69.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The firm had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

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Several brokerages have issued reports on KO. UBS AG reaffirmed a “buy” rating and set a $48.00 price target on shares of Coca-Cola Company (The) in a research note on Monday, May 15th. Credit Suisse Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research note on Monday, July 24th. Vetr lowered Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $43.11 price target for the company. in a research note on Tuesday, June 20th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target on shares of Coca-Cola Company (The) in a research note on Friday, July 14th. Finally, Susquehanna Bancshares Inc set a $39.00 price target on Coca-Cola Company (The) and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.79.

In other Coca-Cola Company (The) news, insider Mark Randazza sold 24,156 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the sale, the insider now directly owns 26,567 shares in the company, valued at approximately $1,222,347.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the sale, the insider now owns 118,000 shares in the company, valued at $5,333,600. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 396,117 shares of company stock worth $18,197,793. Company insiders own 1.51% of the company’s stock.

About Coca-Cola Company (The)

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.

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