Oppenheimer & Co. Inc. Raises Position in Coca-Cola Company (The) (NYSE:KO)

Oppenheimer & Co. Inc. boosted its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 703,340 shares of the company’s stock after buying an additional 5,160 shares during the period. Coca-Cola Company (The) makes up 0.8% of Oppenheimer & Co. Inc.’s holdings, making the stock its 13th largest position. Oppenheimer & Co. Inc.’s holdings in Coca-Cola Company (The) were worth $29,850,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cypress Wealth Advisors LLC raised its position in Coca-Cola Company (The) by 1.7% in the fourth quarter. Cypress Wealth Advisors LLC now owns 11,413 shares of the company’s stock worth $473,000 after buying an additional 195 shares during the last quarter. CAMG Solamere Management LLC bought a new position in Coca-Cola Company (The) during the fourth quarter worth approximately $406,000. Bridgeworth LLC bought a new position in Coca-Cola Company (The) during the fourth quarter worth approximately $963,000. Barings LLC raised its position in Coca-Cola Company (The) by 113.0% in the fourth quarter. Barings LLC now owns 194,914 shares of the company’s stock worth $8,081,000 after buying an additional 103,400 shares during the last quarter. Finally, Hutner Capital Management Inc. raised its position in Coca-Cola Company (The) by 0.4% in the fourth quarter. Hutner Capital Management Inc. now owns 203,659 shares of the company’s stock worth $8,444,000 after buying an additional 771 shares during the last quarter. 63.68% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Company (KO) traded up 0.286% on Friday, hitting $45.871. The stock had a trading volume of 2,838,134 shares. The company’s 50 day moving average price is $45.13 and its 200 day moving average price is $43.54. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.43. The firm has a market cap of $195.65 billion, a price-to-earnings ratio of 48.438 and a beta of 0.69.

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. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The firm had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. Analysts expect that Coca-Cola Company will post $1.90 EPS for the current year.

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

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A number of research firms have recently commented on KO. UBS AG set a $48.00 price target on Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Tuesday, April 18th. Vetr raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target for the company in a report on Monday, April 24th. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Coca-Cola Company (The) in a report on Tuesday, April 25th. Credit Suisse Group reaffirmed a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a report on Monday, July 24th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $46.00 price target on shares of Coca-Cola Company (The) in a report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company’s stock. Coca-Cola Company (The) has a consensus rating of “Hold” and a consensus price target of $45.70.

In related news, insider Irial Finan sold 354,146 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. Following the completion of the transaction, the insider now owns 780,258 shares of the company’s stock, valued at approximately $35,111,610. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer K. Mann sold 8,819 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $45.61, for a total transaction of $402,234.59. Following the completion of the transaction, the insider now directly owns 30,553 shares of the company’s stock, valued at approximately $1,393,522.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 614,841 shares of company stock valued at $27,900,186. 1.51% of the stock is owned by 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.

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

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