Coca-Cola Company (The) (KO) Shares Bought by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC grew its stake in Coca-Cola Company (The) (NYSE:KO) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,042 shares of the company’s stock after acquiring an additional 9,015 shares during the quarter. Coca-Cola Company (The) comprises about 3.1% of Patton Albertson Miller Group LLC’s portfolio, making the stock its 4th biggest position. Patton Albertson Miller Group LLC’s holdings in Coca-Cola Company (The) were worth $6,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in KO. Signature Estate & Investment Advisors LLC grew its stake in Coca-Cola Company (The) by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares during the last quarter. Meeder Asset Management Inc. grew its stake in Coca-Cola Company (The) by 59.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after buying an additional 1,026 shares during the last quarter. Eagle Ridge Investment Management purchased a new position in Coca-Cola Company (The) during the 2nd quarter worth $138,000. SRS Capital Advisors Inc. grew its stake in Coca-Cola Company (The) by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after buying an additional 264 shares during the last quarter. Finally, Perkins Coie Trust Co grew its stake in Coca-Cola Company (The) by 21.9% during the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after buying an additional 572 shares during the last quarter. Institutional investors and hedge funds own 64.62% of the company’s stock.

Several research analysts recently weighed in on the company. Vetr upgraded Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Susquehanna Bancshares Inc set a $42.00 price target on Coca-Cola Company (The) and gave the company a “hold” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Friday, October 27th. Jefferies Group LLC reiterated a “hold” rating and set a $47.00 price target on shares of Coca-Cola Company (The) in a research note on Wednesday, October 25th. Finally, J P Morgan Chase & Co set a $48.00 price target on Coca-Cola Company (The) and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $47.16.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The firm had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. Coca-Cola Company (The) had a net margin of 12.20% and a return on equity of 36.21%. Coca-Cola Company (The)’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.37 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.48 annualized dividend and a yield of 3.22%. Coca-Cola Company (The)’s payout ratio is currently 140.95%.

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In other Coca-Cola Company (The) news, insider Brian John Smith sold 100,000 shares of Coca-Cola Company (The) stock in a transaction that occurred 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 directly owns 136,385 shares of the company’s stock, valued at approximately $6,287,348.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer K. Mann sold 8,819 shares of Coca-Cola Company (The) stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $45.61, for a total transaction of $402,234.59. Following the completion of the sale, the insider now directly owns 30,553 shares of the company’s stock, valued at $1,393,522.33. The disclosure for this sale can be found here. Insiders sold a total of 144,241 shares of company stock valued at $6,636,411 over the last ninety days. 1.51% of the stock is owned by corporate insiders.

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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