Coca-Cola Company (The) (KO) Position Raised by Curbstone Financial Management Corp

Curbstone Financial Management Corp boosted its position in Coca-Cola Company (The) (NYSE:KO) by 6.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,250 shares of the company’s stock after purchasing an additional 475 shares during the period. Curbstone Financial Management Corp’s holdings in Coca-Cola Company (The) were worth $370,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC lifted its stake in Coca-Cola Company (The) by 5.0% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after purchasing an additional 129 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Coca-Cola Company (The) by 8.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares during the last quarter. Welch Investments LLC lifted its stake in Coca-Cola Company (The) by 26.5% in the 1st quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after purchasing an additional 733 shares during the last quarter. Feltz Wealth PLAN Inc. acquired a new stake in Coca-Cola Company (The) in the 1st quarter valued at about $150,000. Finally, Harbour Capital Advisors LLC acquired a new stake in Coca-Cola Company (The) in the 1st quarter valued at about $167,000. Institutional investors and hedge funds own 64.68% of the company’s stock.

Several equities research analysts 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 research note on Tuesday, September 12th. Jefferies Group LLC set a $47.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Thursday, July 27th. UBS AG raised their price objective on shares of 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. Deutsche Bank AG restated a “hold” rating and set a $46.00 price objective (up from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Finally, Morningstar, Inc. restated a “neutral” rating on shares of Coca-Cola Company (The) in a research report on Monday, May 29th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Coca-Cola Company (The) currently has a consensus rating of “Hold” and an average price target of $45.85.

In other Coca-Cola Company (The) news, insider Brian John Smith sold 100,000 shares of 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 sale, the insider now directly owns 136,385 shares in the company, valued at approximately $6,287,348.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the sale, the senior vice president now owns 98,718 shares in the company, valued at $4,541,028. The disclosure for this sale can be found here. Insiders sold a total of 366,835 shares of company stock worth $16,874,246 over the last quarter. Corporate insiders own 1.51% of the company’s stock.

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Shares of Coca-Cola Company (NYSE:KO) traded up 0.15% on Friday, reaching $46.18. 16,141,413 shares of the company were exchanged. The stock has a market capitalization of $196.97 billion, a PE ratio of 48.76 and a beta of 0.71. The firm has a 50 day moving average price of $45.84 and a 200-day moving average price of $44.34. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.98.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. Coca-Cola Company (The)’s revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. On average, analysts predict that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

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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