Coca-Cola Company (The) (KO) Shares Bought by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services increased its position in Coca-Cola Company (The) (NYSE:KO) by 16.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,199 shares of the company’s stock after acquiring an additional 7,296 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Coca-Cola Company (The) were worth $2,341,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Shell Asset Management Co. grew its holdings in shares of Coca-Cola Company (The) by 0.5% in the first quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after acquiring an additional 4,101 shares during the period. Guinness Asset Management Ltd grew its holdings in shares of Coca-Cola Company (The) by 13.4% in the first quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after acquiring an additional 27,560 shares during the period. Montecito Bank & Trust grew its holdings in shares of Coca-Cola Company (The) by 90.2% in the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after acquiring an additional 60,258 shares during the period. Marathon Asset Management LLP grew its holdings in shares of Coca-Cola Company (The) by 7.3% in the first quarter. Marathon Asset Management LLP now owns 2,699,084 shares of the company’s stock worth $115,439,000 after acquiring an additional 184,589 shares during the period. Finally, Keystone Financial Planning Inc. grew its holdings in shares of Coca-Cola Company (The) by 2.1% in the first quarter. Keystone Financial Planning Inc. now owns 120,433 shares of the company’s stock worth $5,111,000 after acquiring an additional 2,465 shares during the period. 64.68% of the stock is owned by institutional investors.

In other Coca-Cola Company (The) news, insider Brian John Smith sold 100,000 shares of the business’s 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 transaction, the insider now owns 136,385 shares in the company, valued at $6,287,348.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Randazza sold 24,156 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the completion of 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. In the last 90 days, insiders sold 366,835 shares of company stock valued at $16,874,246. Insiders own 1.51% of the company’s stock.

Shares of Coca-Cola Company (KO) traded up 0.15% on Friday, reaching $46.18. The company had a trading volume of 16,141,413 shares. The company’s 50 day moving average price is $45.84 and its 200-day moving average price is $44.34. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.98. The stock has a market capitalization of $196.97 billion, a P/E ratio of 48.76 and a beta of 0.71.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders 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 3.20%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 154.17%.

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Several analysts have issued reports on KO shares. Vetr raised Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a report on Tuesday. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price target (up previously from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Zacks Investment Research raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Friday, July 28th. Macquarie started coverage on Coca-Cola Company (The) in a report on Friday. They set a “neutral” rating and a $47.00 price target for the company. Finally, BMO Capital Markets cut their price target on Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating for the company in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $45.85.

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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