MEMBERS Trust Co Takes Position in Coca-Cola Company (The) (NYSE:KO)

MEMBERS Trust Co acquired a new position in shares of Coca-Cola Company (The) (NYSE:KO) during the first quarter, Holdings Channel reports. The fund acquired 13,279 shares of the company’s stock, valued at approximately $564,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Coca-Cola Company (The) during the fourth quarter worth about $1,552,000. Archford Capital Strategies LLC boosted its position in shares of Coca-Cola Company (The) by 3.3% in the fourth quarter. Archford Capital Strategies LLC now owns 43,833 shares of the company’s stock worth $1,816,000 after buying an additional 1,386 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of Coca-Cola Company (The) during the fourth quarter worth about $881,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Coca-Cola Company (The) during the fourth quarter worth about $22,252,000. Finally, Lebenthal Asset Management LLC boosted its position in shares of Coca-Cola Company (The) by 2.6% in the fourth quarter. Lebenthal Asset Management LLC now owns 179,945 shares of the company’s stock worth $7,460,000 after buying an additional 4,522 shares during the last quarter. Institutional investors and hedge funds own 63.68% of the company’s stock.

Coca-Cola Company (NYSE KO) traded up 0.31% during mid-day trading on Friday, reaching $45.88. The company’s stock had a trading volume of 2,840,158 shares. The stock has a 50-day moving average price of $45.13 and a 200-day moving average price of $43.54. The company has a market capitalization of $195.69 billion, a price-to-earnings ratio of 48.45 and a beta of 0.69. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.43.

Coca-Cola Company (The) (NYSE:KO) last posted its 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. 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 analysts’ expectations of $9.62 billion. During the same period last year, the firm earned $0.60 EPS. The company’s quarterly revenue was down 15.9% on a year-over-year basis. Equities research analysts forecast that Coca-Cola Company will post $1.90 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

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A number of research analysts have issued reports on the company. Deutsche Bank AG reiterated a “hold” rating and set a $46.00 price objective (up previously from $44.00) on shares of Coca-Cola Company (The) in a research note on Thursday, July 27th. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Friday, July 28th. BMO Capital Markets lowered their price objective on Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating for the company in a research note on Monday, July 31st. Vetr cut Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 price objective for the company. in a research note on Monday, June 5th. Finally, BidaskClub upgraded Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.70.

In other news, insider J Alexander Douglas, Jr. sold 180,738 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.99, for a total transaction of $8,312,140.62. Following the sale, the insider now directly owns 315,606 shares in the company, valued at approximately $14,514,719.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer K. Mann sold 8,819 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $45.61, for a total value of $402,234.59. Following the sale, the insider now owns 30,553 shares in the company, valued at $1,393,522.33. The disclosure for this sale can be found here. Insiders have sold a total of 614,841 shares of company stock worth $27,900,186 over the last 90 days. Insiders own 1.51% of the company’s stock.

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.

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Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

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