Ronald Blue & Co. LLC Sells 4,063 Shares of Coca-Cola Company (The) (KO)

Ronald Blue & Co. LLC lowered its position in Coca-Cola Company (The) (NYSE:KO) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 133,479 shares of the company’s stock after selling 4,063 shares during the quarter. Coca-Cola Company (The) comprises 0.2% of Ronald Blue & Co. LLC’s investment portfolio, making the stock its 24th largest holding. Ronald Blue & Co. LLC’s holdings in Coca-Cola Company (The) were worth $5,986,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Benedict Financial Advisors Inc. increased its holdings in Coca-Cola Company (The) by 0.6% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 92,887 shares of the company’s stock worth $4,183,000 after acquiring an additional 511 shares during the last quarter. Busey Trust CO increased its holdings in Coca-Cola Company (The) by 11.0% in the 2nd quarter. Busey Trust CO now owns 22,960 shares of the company’s stock worth $1,029,000 after acquiring an additional 2,281 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Coca-Cola Company (The) by 1.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 184,460 shares of the company’s stock worth $8,273,000 after acquiring an additional 3,150 shares during the last quarter. Kistler Tiffany Companies LLC increased its holdings in Coca-Cola Company (The) by 1.1% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 26,668 shares of the company’s stock worth $1,196,000 after acquiring an additional 288 shares during the last quarter. Finally, Tufton Capital Management increased its holdings in Coca-Cola Company (The) by 3.4% in the 2nd quarter. Tufton Capital Management now owns 84,434 shares of the company’s stock worth $3,787,000 after acquiring an additional 2,790 shares during the last quarter. 64.61% of the stock is owned by institutional investors.

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In other Coca-Cola Company (The) news, insider Brian John Smith sold 100,000 shares of the firm’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 transaction of $4,610,000.00. Following the completion of the transaction, the insider now owns 136,385 shares in the company, valued at approximately $6,287,348.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Randazza sold 24,156 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total value of $1,111,417.56. Following the transaction, the insider now owns 26,567 shares of the company’s stock, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. Insiders have sold a total of 366,835 shares of company stock valued at $16,874,246 in the last 90 days. 1.51% of the stock is currently owned by company insiders.

Shares of Coca-Cola Company (NYSE KO) opened at 46.52 on Wednesday. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.98. The company has a 50-day moving average price of $45.74 and a 200-day moving average price of $44.86. The company has a market cap of $198.42 billion, a P/E ratio of 49.12 and a beta of 0.70.

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

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.18%. The ex-dividend date was Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

Several equities research analysts recently weighed in on KO shares. Sanford C. Bernstein set a $49.00 price objective on Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Tuesday, July 11th. Vetr raised Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a report on Wednesday, September 6th. BidaskClub lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $47.00 target price on shares of Coca-Cola Company (The) in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $46.43.

Coca-Cola Company (The) Company 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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