Coca-Cola Company (The) (KO) Position Lowered by Bartlett & Co. LLC

Bartlett & Co. LLC decreased its stake in Coca-Cola Company (The) (NYSE:KO) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,937 shares of the company’s stock after selling 4,835 shares during the period. Bartlett & Co. LLC’s holdings in Coca-Cola Company (The) were worth $5,090,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in Coca-Cola Company (The) by 2.4% in the fourth quarter. State Street Corp now owns 171,779,844 shares of the company’s stock worth $7,121,998,000 after buying an additional 4,023,734 shares in the last quarter. Norges Bank purchased a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth about $1,486,731,000. Franklin Resources Inc. boosted its stake in shares of Coca-Cola Company (The) by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 30,176,115 shares of the company’s stock worth $1,251,102,000 after buying an additional 951,209 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Coca-Cola Company (The) by 5.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 18,086,479 shares of the company’s stock worth $749,865,000 after buying an additional 861,744 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its stake in shares of Coca-Cola Company (The) by 40.5% in the fourth quarter. Federated Investors Inc. PA now owns 16,587,254 shares of the company’s stock worth $687,708,000 after buying an additional 4,778,914 shares during the last quarter. 63.74% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Company (NYSE KO) traded down 0.24% during trading on Friday, hitting $46.01. The company had a trading volume of 11,945,270 shares. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43. The firm has a 50-day moving average of $45.04 and a 200 day moving average of $43.27. The company has a market capitalization of $196.37 billion, a price-to-earnings ratio of 48.59 and a beta of 0.69.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.22%. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

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KO has been the topic of a number of recent analyst reports. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $48.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, April 10th. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $45.00 target price (up from $42.00) on shares of Coca-Cola Company (The) in a research report on Tuesday, April 18th. UBS AG set a $48.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Tuesday, April 18th. Credit Suisse Group raised Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and upped their price target for the company from $44.00 to $49.00 in a research report on Wednesday, April 19th. Finally, Zacks Investment Research raised Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Coca-Cola Company (The) currently has an average rating of “Hold” and an average target price of $45.48.

In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 22,000 shares of Coca-Cola Company (The) stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $43.25, for a total transaction of $951,500.00. Following the completion of the transaction, the insider now owns 319,436 shares in the company, valued at approximately $13,815,607. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian John Smith sold 87,800 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $43.43, for a total transaction of $3,813,154.00. Following the transaction, the insider now directly owns 149,185 shares in the company, valued at approximately $6,479,104.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 527,384 shares of company stock valued at $23,596,188. 1.51% of the stock is currently owned by company insiders.

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.

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

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