Coca-Cola Company (The) (KO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in shares of Coca-Cola Company (The) (NYSE:KO) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 515,785 shares of the company’s stock after selling 28,818 shares during the period. Victory Capital Management Inc.’s holdings in Coca-Cola Company (The) were worth $23,132,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its position in Coca-Cola Company (The) by 1.2% during the 1st quarter. State Street Corp now owns 173,789,519 shares of the company’s stock worth $7,375,663,000 after acquiring an additional 2,009,675 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Coca-Cola Company (The) by 4.0% during the 1st quarter. Legal & General Group Plc now owns 20,535,490 shares of the company’s stock worth $871,552,000 after purchasing an additional 789,178 shares during the period. Federated Investors Inc. PA increased its holdings in shares of Coca-Cola Company (The) by 14.6% during the 2nd quarter. Federated Investors Inc. PA now owns 19,202,172 shares of the company’s stock worth $861,217,000 after purchasing an additional 2,440,395 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Coca-Cola Company (The) by 2.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,219,699 shares of the company’s stock worth $817,154,000 after purchasing an additional 481,607 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in shares of Coca-Cola Company (The) by 8.1% during the 1st quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock worth $683,791,000 after purchasing an additional 1,208,498 shares during the period. 64.92% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on KO shares. Vetr upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Friday, October 27th. Royal Bank Of Canada restated a “buy” rating and set a $49.00 price objective on shares of Coca-Cola Company (The) in a report on Wednesday, September 6th. Wells Fargo & Company upgraded shares of Coca-Cola Company (The) from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $46.72 to $51.00 in a report on Tuesday, November 14th. Finally, Jefferies Group LLC restated a “hold” rating and set a $47.00 price objective 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, sixteen have issued a hold rating and nine have issued a buy rating to the company. Coca-Cola Company (The) currently has an average rating of “Hold” and a consensus price target of $47.54.

Coca-Cola Company (NYSE:KO) opened at $45.71 on Friday. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $47.48. The stock has a market cap of $194,755.08, a P/E ratio of 24.19, a PEG ratio of 3.87 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $8.73 billion. During the same period in the prior year, the business earned $0.49 earnings per share. Coca-Cola Company (The)’s quarterly revenue was down 14.6% on a year-over-year basis. research analysts anticipate that Coca-Cola Company will post 1.9 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.24%. Coca-Cola Company (The)’s payout ratio is 140.95%.

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In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the transaction, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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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