HM Payson & Co. Lowers Position in Coca-Cola Company (The) (KO)

HM Payson & Co. trimmed its holdings in Coca-Cola Company (The) (NYSE:KO) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 172,396 shares of the company’s stock after selling 4,947 shares during the period. HM Payson & Co.’s holdings in Coca-Cola Company (The) were worth $7,732,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investment Counselors of Maryland LLC lifted its holdings in Coca-Cola Company (The) by 6.9% in the 1st quarter. Investment Counselors of Maryland LLC now owns 36,708 shares of the company’s stock valued at $1,558,000 after purchasing an additional 2,375 shares in the last quarter. Security National Trust Co. lifted its holdings in Coca-Cola Company (The) by 5.7% in the 1st quarter. Security National Trust Co. now owns 53,164 shares of the company’s stock valued at $2,256,000 after purchasing an additional 2,851 shares in the last quarter. YCG LLC lifted its holdings in Coca-Cola Company (The) by 0.9% in the 1st quarter. YCG LLC now owns 187,778 shares of the company’s stock valued at $7,969,000 after purchasing an additional 1,650 shares in the last quarter. Access Financial Services Inc. lifted its holdings in Coca-Cola Company (The) by 29.2% in the 1st quarter. Access Financial Services Inc. now owns 32,295 shares of the company’s stock valued at $1,371,000 after purchasing an additional 7,295 shares in the last quarter. Finally, Conning Inc. lifted its holdings in Coca-Cola Company (The) by 11.3% in the 1st quarter. Conning Inc. now owns 863,398 shares of the company’s stock valued at $36,643,000 after purchasing an additional 87,499 shares in the last quarter. 64.92% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. BMO Capital Markets restated a “hold” rating and issued a $47.00 target price on shares of Coca-Cola Company (The) in a report on Friday, October 27th. Societe Generale set a $47.00 target price on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Thursday, October 26th. Credit Suisse Group set a $51.00 target price on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Goldman Sachs Group, Inc. (The) set a $45.00 target price on shares of Coca-Cola Company (The) and gave the company a “sell” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. Coca-Cola Company (The) presently has a consensus rating of “Hold” and an average price target of $47.16.

In other news, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the sale, the insider now owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The disclosure for this sale can be found here. 1.51% of the stock is owned by company insiders.

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Shares of Coca-Cola Company (KO) opened at $46.54 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. Coca-Cola Company has a 1 year low of $39.88 and a 1 year high of $46.98. The stock has a market cap of $198,291.45, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 3.94 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a net margin of 12.20% and a return on equity of 36.21%. The company had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter last year, the company earned $0.49 earnings per share. Coca-Cola Company (The)’s revenue for the quarter was down 14.6% on a year-over-year basis. equities research analysts forecast that Coca-Cola Company will post 1.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 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.

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

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