Hanson McClain Inc. Sells 88 Shares of Coca-Cola Company (The) (KO)

Hanson McClain Inc. cut its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,298 shares of the company’s stock after selling 88 shares during the period. Hanson McClain Inc.’s holdings in Coca-Cola Company (The) were worth $686,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. State Street Corp increased its position in shares of Coca-Cola Company (The) by 1.2% during the first 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 in the last quarter. Legal & General Group Plc increased its position in shares of Coca-Cola Company (The) by 4.0% during the first quarter. Legal & General Group Plc now owns 20,535,490 shares of the company’s stock worth $871,552,000 after acquiring an additional 789,178 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Coca-Cola Company (The) by 14.6% during the second quarter. Federated Investors Inc. PA now owns 19,202,172 shares of the company’s stock worth $861,217,000 after acquiring an additional 2,440,395 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Coca-Cola Company (The) by 2.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 18,219,699 shares of the company’s stock worth $817,154,000 after acquiring an additional 481,607 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Coca-Cola Company (The) by 8.1% during the first quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock worth $683,791,000 after acquiring an additional 1,208,498 shares in the last quarter. 65.09% of the stock is owned by institutional investors.

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In related 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 sale, the insider now directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.51% of the company’s stock.

Shares of Coca-Cola Company (KO) opened at $45.46 on Tuesday. The company has a market cap of $194,755.08, a P/E ratio of 24.18, a P/E/G 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 has a 52 week low of $39.88 and a 52 week high of $47.48.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The company had revenue of $9.08 billion for 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 was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. research analysts predict that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s payout ratio is currently 140.95%.

A number of brokerages have issued reports on KO. Zacks Investment Research downgraded shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) set a $45.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “sell” rating in a research report on Wednesday, November 15th. BidaskClub raised shares of Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Cowen and Company reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Coca-Cola Company (The) in a research report on Thursday, August 24th. Finally, J P Morgan Chase & Co set a $49.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.71.

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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