Benin Management CORP Has $413,000 Holdings in Coca-Cola Company (The) (KO)

Benin Management CORP continued to hold its position in Coca-Cola Company (The) (NYSE:KO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,212 shares of the company’s stock at the end of the second quarter. Benin Management CORP’s holdings in Coca-Cola Company (The) were worth $413,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KO. Bank of Montreal Can boosted its holdings in Coca-Cola Company (The) by 13.5% during the 1st quarter. Bank of Montreal Can now owns 3,119,160 shares of the company’s stock worth $132,378,000 after acquiring an additional 371,635 shares during the last quarter. Regentatlantic Capital LLC boosted its holdings in Coca-Cola Company (The) by 3.1% during the 1st quarter. Regentatlantic Capital LLC now owns 15,762 shares of the company’s stock worth $669,000 after acquiring an additional 469 shares during the last quarter. Portfolio Solutions LLC purchased a new position in Coca-Cola Company (The) during the 1st quarter worth $108,000. VNBTrust National Association boosted its holdings in Coca-Cola Company (The) by 34.0% during the 1st quarter. VNBTrust National Association now owns 10,571 shares of the company’s stock worth $449,000 after acquiring an additional 2,684 shares during the last quarter. Finally, Carlson Capital Management boosted its holdings in Coca-Cola Company (The) by 4.7% during the 1st quarter. Carlson Capital Management now owns 5,511 shares of the company’s stock worth $234,000 after acquiring an additional 249 shares during the last quarter. 64.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Coca-Cola Company (NYSE KO) traded up 0.320% during midday trading on Tuesday, hitting $46.669. The stock had a trading volume of 3,937,913 shares. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.75. The firm has a market cap of $199.06 billion, a price-to-earnings ratio of 49.281 and a beta of 0.71. The stock’s 50 day moving average price is $45.71 and its 200 day moving average price is $44.23.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping 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 firm had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter last year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities analysts forecast that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 154.17%.

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A number of equities analysts have issued reports on KO shares. Morgan Stanley set a $45.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Monday, May 15th. Sanford C. Bernstein set a $49.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Tuesday, July 11th. Barclays PLC set a $45.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Monday, May 15th. Daiwa Capital Markets started coverage on shares of Coca-Cola Company (The) in a report on Tuesday, June 13th. They set an “outperform” rating and a $48.60 price objective on the stock. Finally, Morningstar, Inc. reaffirmed a “neutral” rating on shares of Coca-Cola Company (The) in a report on Monday, May 29th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Coca-Cola Company (The) presently has a consensus rating of “Hold” and a consensus price target of $45.79.

In other news, insider Beatriz R. Perez sold 29,282 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the transaction, the insider now owns 118,000 shares of the company’s stock, valued at $5,333,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kathy N. Waller sold 8,952 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $5,012,181.16. The disclosure for this sale can be found here. Insiders sold 396,117 shares of company stock worth $18,197,793 in the last ninety days. Corporate insiders own 1.51% of the company’s stock.

Coca-Cola Company (The) 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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