Barrett Asset Management LLC Raises Holdings in Coca-Cola Company (The) (NYSE:KO)

Barrett Asset Management LLC raised its holdings in Coca-Cola Company (The) (NYSE:KO) by 27.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,360 shares of the company’s stock after purchasing an additional 13,452 shares during the quarter. Barrett Asset Management LLC’s holdings in Coca-Cola Company (The) were worth $2,797,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cambridge Advisors Inc. boosted its stake in shares of Coca-Cola Company (The) by 0.3% during the 2nd quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock worth $365,000 after acquiring an additional 26 shares in the last quarter. Alpha Windward LLC raised its position in shares of Coca-Cola Company (The) by 0.4% during the 2nd quarter. Alpha Windward LLC now owns 7,693 shares of the company’s stock worth $345,000 after purchasing an additional 34 shares during the last quarter. Lyell Wealth Management LP raised its position in shares of Coca-Cola Company (The) by 0.6% during the 2nd quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock worth $359,000 after purchasing an additional 50 shares during the last quarter. Regentatlantic Capital LLC raised its position in shares of Coca-Cola Company (The) by 0.4% during the 2nd quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock worth $710,000 after purchasing an additional 64 shares during the last quarter. Finally, Vigilant Capital Management LLC raised its position in shares of Coca-Cola Company (The) by 1.9% during the 2nd quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock worth $161,000 after purchasing an additional 68 shares during the last quarter. 64.79% of the stock is currently owned by institutional investors.

KO has been the subject of several research analyst reports. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target on shares of Coca-Cola Company (The) in a research report on Friday, July 14th. Sanford C. Bernstein set a $49.00 price objective on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Monday, July 17th. Barclays PLC set a $45.00 price target on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Credit Suisse Group restated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $47.16.

Shares of Coca-Cola Company (NYSE KO) traded up $0.31 during midday trading on Friday, hitting $46.54. 8,022,800 shares of the company’s stock traded hands, compared to its average volume of 11,431,871. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.98. The stock has a market capitalization of $196,970.64, a P/E ratio of 24.46, a PEG ratio of 3.91 and a beta of 0.70. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. equities research analysts expect that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is presently 140.95%.

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In other news, insider Brian John Smith sold 100,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were 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 of the company’s stock, valued at $6,287,348.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction 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 completion of 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. Insiders own 1.51% of the company’s stock.

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.

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

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