6,414 Shares in Coca-Cola Company (The) (KO) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in Coca-Cola Company (The) (NYSE:KO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,414 shares of the company’s stock, valued at approximately $272,000.

Several other large investors have also recently modified their holdings of KO. Shelton Capital Management lifted its position in Coca-Cola Company (The) by 3.2% in the 1st quarter. Shelton Capital Management now owns 75,858 shares of the company’s stock worth $3,219,000 after buying an additional 2,350 shares in the last quarter. National Asset Management Inc. increased its stake in shares of Coca-Cola Company (The) by 2.1% during the 1st quarter. National Asset Management Inc. now owns 67,980 shares of the company’s stock worth $2,887,000 after purchasing an additional 1,397 shares during the last quarter. Investment Centers of America Inc. increased its stake in shares of Coca-Cola Company (The) by 2.8% during the 1st quarter. Investment Centers of America Inc. now owns 164,562 shares of the company’s stock worth $6,970,000 after purchasing an additional 4,439 shares during the last quarter. New England Asset Management Inc. increased its stake in shares of Coca-Cola Company (The) by 21.9% during the 1st quarter. New England Asset Management Inc. now owns 70,000 shares of the company’s stock worth $2,970,000 after purchasing an additional 12,590 shares during the last quarter. Finally, Day & Ennis LLC increased its stake in shares of Coca-Cola Company (The) by 0.3% during the 1st quarter. Day & Ennis LLC now owns 62,505 shares of the company’s stock worth $2,653,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 64.68% of the company’s stock.

Shares of Coca-Cola Company (KO) traded up 0.572% during midday trading on Monday, hitting $46.565. 4,184,878 shares of the stock traded hands. The company has a market capitalization of $198.61 billion, a price-to-earnings ratio of 49.171 and a beta of 0.71. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.58. The firm’s 50-day moving average is $45.71 and its 200 day moving average is $44.21.

Coca-Cola Company (The) (NYSE:KO) last released its 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. The company had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. Coca-Cola Company (The)’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. Equities 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. Investors of record on Friday, September 15th will be given a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.20%. Coca-Cola Company (The)’s payout ratio is 154.17%.

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Several research analysts have recently commented on KO shares. Barclays PLC set a $45.00 price target on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Wednesday, September 6th. UBS AG raised their target price on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Citigroup Inc. set a $53.00 target price on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub lowered shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $45.79.

In related news, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total value of $4,610,000.00. Following the completion of the sale, the insider now owns 136,385 shares in the company, valued at approximately $6,287,348.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kathy N. Waller sold 8,952 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $45.77, for a total value of $409,733.04. Following the completion of the sale, the vice president now owns 109,508 shares of the company’s stock, valued at approximately $5,012,181.16. The disclosure for this sale can be found here. Insiders sold a total of 396,117 shares of company stock valued at $18,197,793 in the last 90 days. 1.51% of the stock is currently owned by corporate 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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