Flossbach Von Storch AG Sells 2,071,639 Shares of Coca-Cola Company (The) (KO)

Flossbach Von Storch AG lessened its position in Coca-Cola Company (The) (NYSE:KO) by 38.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,271,105 shares of the company’s stock after selling 2,071,639 shares during the quarter. Coca-Cola Company (The) makes up about 1.7% of Flossbach Von Storch AG’s portfolio, making the stock its 21st biggest position. Flossbach Von Storch AG owned about 0.08% of Coca-Cola Company (The) worth $146,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. North American Management Corp increased its position in shares of Coca-Cola Company (The) by 10.3% during the 2nd quarter. North American Management Corp now owns 6,435 shares of the company’s stock worth $289,000 after purchasing an additional 600 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Coca-Cola Company (The) by 0.5% during the 1st quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after purchasing an additional 4,101 shares during the last quarter. Guinness Asset Management Ltd increased its position in shares of Coca-Cola Company (The) by 13.4% during the 1st quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after purchasing an additional 27,560 shares during the last quarter. Montecito Bank & Trust increased its position in shares of Coca-Cola Company (The) by 90.2% during the 1st quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after purchasing an additional 60,258 shares during the last quarter. Finally, BB&T Corp increased its position in shares of Coca-Cola Company (The) by 9.5% during the 2nd quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after purchasing an additional 78,932 shares during the last quarter. 64.62% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on KO shares. Vetr raised Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. UBS AG boosted their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC set a $47.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $46.00 price target (up previously from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $42.00 price target on shares of Coca-Cola Company (The) in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. Coca-Cola Company (The) currently has an average rating of “Hold” and an average target price of $46.39.

Shares of Coca-Cola Company (NYSE KO) opened at 45.87 on Wednesday. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.98. The company has a market capitalization of $195.65 billion, a P/E ratio of 48.44 and a beta of 0.70. The company has a 50-day moving average price of $45.68 and a 200 day moving average price of $44.78.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data 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. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The business had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the company earned $0.60 earnings per share. Coca-Cola Company (The)’s revenue was down 15.9% compared to the same quarter last year. Equities research analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is currently 154.17%.

In other news, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly 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 is available through this hyperlink. Also, VP Kathy N. Waller sold 8,952 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 109,508 shares of the company’s stock, valued at $5,012,181.16. The disclosure for this sale can be found here. Insiders sold 366,835 shares of co

Other institutional investors have also recently made changes to their positions in the company. North American Management Corp increased its position in shares of Coca-Cola Company (The) by 10.3% during the 2nd quarter. North American Management Corp now owns 6,435 shares of the company’s stock worth $289,000 after purchasing an additional 600 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Coca-Cola Company (The) by 0.5% during the 1st quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after purchasing an additional 4,101 shares during the last quarter. Guinness Asset Management Ltd increased its position in shares of Coca-Cola Company (The) by 13.4% during the 1st quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after purchasing an additional 27,560 shares during the last quarter. Montecito Bank & Trust increased its position in shares of Coca-Cola Company (The) by 90.2% during the 1st quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after purchasing an additional 60,258 shares during the last quarter. Finally, BB&T Corp increased its position in shares of Coca-Cola Company (The) by 9.5% during the 2nd quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after purchasing an additional 78,932 shares during the last quarter. 64.62% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on KO shares. Vetr raised Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. UBS AG boosted their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC set a $47.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $46.00 price target (up previously from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $42.00 price target on shares of Coca-Cola Company (The) in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. Coca-Cola Company (The) currently has an average rating of “Hold” and an average target price of $46.39.

Shares of Coca-Cola Company (NYSE KO) opened at 45.87 on Wednesday. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.98. The company has a market capitalization of $195.65 billion, a P/E ratio of 48.44 and a beta of 0.70. The company has a 50-day moving average price of $45.68 and a 200 day moving average price of $44.78.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data 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. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The business had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the company earned $0.60 earnings per share. Coca-Cola Company (The)’s revenue was down 15.9% compared to the same quarter last year. Equities research analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is currently 154.17%.

In other news, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly 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 is available through this hyperlink. Also, VP Kathy N. Waller sold 8,952 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 109,508 shares of the company’s stock, valued at $5,012,181.16. The disclosure for this sale can be found here. Insiders sold 366,835 shares of company stock valued at $16,874,246 over the last ninety days. Corporate insiders own 1.51% of the company’s stock.

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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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