Coca-Cola Company (The) (NYSE:KO) Shares Bought by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. increased its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 5.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,854,676 shares of the company’s stock after buying an additional 155,800 shares during the period. Pictet Asset Management Ltd. owned 0.07% of Coca-Cola Company (The) worth $121,153,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Pacific Global Investment Management CO boosted its position in shares of Coca-Cola Company (The) by 0.3% in the fourth quarter. Pacific Global Investment Management CO now owns 75,543 shares of the company’s stock worth $3,132,000 after buying an additional 209 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Coca-Cola Company (The) by 5.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 18,086,479 shares of the company’s stock worth $749,865,000 after buying an additional 861,744 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of Coca-Cola Company (The) during the fourth quarter worth approximately $127,000. Cheviot Value Management LLC boosted its position in shares of Coca-Cola Company (The) by 6.2% in the fourth quarter. Cheviot Value Management LLC now owns 31,473 shares of the company’s stock worth $1,305,000 after buying an additional 1,843 shares during the last quarter. Finally, Quest Investment Management Inc. OR boosted its position in shares of Coca-Cola Company (The) by 0.5% in the fourth quarter. Quest Investment Management Inc. OR now owns 121,346 shares of the company’s stock worth $5,031,000 after buying an additional 641 shares during the last quarter. Hedge funds and other institutional investors own 63.80% of the company’s stock.

Coca-Cola Company (KO) traded down 0.41% on Friday, hitting $45.67. 10,879,794 shares of the stock traded hands. The firm has a 50-day moving average price of $45.25 and a 200-day moving average price of $43.72. The company has a market capitalization of $194.80 billion, a PE ratio of 48.23 and a beta of 0.69. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.43.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Analysts forecast that Coca-Cola Company will post $1.90 earnings per share 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 yield of 3.24%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 154.17%.

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A number of equities analysts recently commented on KO shares. Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Friday, April 21st. Vetr upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 target price on the stock in a research report on Monday, April 24th. Stifel Nicolaus reissued a “hold” rating and issued a $41.00 price target on shares of Coca-Cola Company (The) in a report on Monday, April 24th. Royal Bank Of Canada reissued a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a report on Monday, April 24th. Finally, Jefferies Group LLC reissued a “neutral” rating and issued a $45.00 price target on shares of Coca-Cola Company (The) in a report on Tuesday, April 25th. Two equities research 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. Coca-Cola Company (The) presently has a consensus rating of “Hold” and an average price target of $45.70.

In related news, insider Irial Finan sold 354,146 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was 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 directly owns 780,258 shares of the company’s stock, valued at $35,111,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the insider now directly owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The disclosure for this sale can be found here. Insiders sold 750,263 shares of company stock valued at $34,134,363 over the last ninety days. 1.51% of the stock is currently owned by corporate insiders.

About Coca-Cola Company (The)

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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