Coca-Cola Company (The) (KO) Holdings Raised by Ruggie Capital Group

Ruggie Capital Group grew its holdings in Coca-Cola Company (The) (NYSE:KO) by 33.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,900 shares of the company’s stock after acquiring an additional 1,984 shares during the quarter. Ruggie Capital Group’s holdings in Coca-Cola Company (The) were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in KO. State Street Corp grew its holdings 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 buying an additional 2,009,675 shares in the last quarter. Legal & General Group Plc grew its holdings 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 buying an additional 789,178 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Coca-Cola Company (The) by 6.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 17,738,092 shares of the company’s stock worth $752,805,000 after buying an additional 1,001,984 shares in the last quarter. Clearbridge Investments LLC grew its holdings 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 buying an additional 1,208,498 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Coca-Cola Company (The) by 0.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,687,859 shares of the company’s stock worth $496,033,000 after buying an additional 41,520 shares in the last quarter. Institutional investors own 64.62% of the company’s stock.

A number of research analysts recently issued reports on KO shares. Barclays PLC set a $45.00 price objective on Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Wednesday, July 19th. Jefferies Group LLC set a $47.00 price objective on Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Friday, October 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $49.00 price objective on shares of Coca-Cola Company (The) in a report on Wednesday, September 6th. UBS AG increased their price objective on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. set a $53.00 price objective on Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Coca-Cola Company (The) currently has an average rating of “Hold” and a consensus price target of $47.16.

In related news, insider Jennifer K. Mann sold 8,819 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $45.61, for a total value of $402,234.59. Following the transaction, the insider now owns 30,553 shares in the company, valued at $1,393,522.33. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kathy N. Waller sold 8,952 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $45.77, for a total value of $409,733.04. Following the completion of the transaction, the vice president now owns 109,508 shares in the company, valued at approximately $5,012,181.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 324,979 shares of company stock worth $14,948,552. 1.51% of the stock is owned by company insiders.

Shares of Coca-Cola Company (NYSE:KO) opened at 46.07 on Monday. The company’s 50-day moving average price is $45.91 and its 200 day moving average price is $45.09. The firm has a market capitalization of $196.50 billion, a PE ratio of 48.65 and a beta of 0.70. 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 posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The business had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. Coca-Cola Company (The)’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, equities analysts forecast that Coca-Cola Company will post $1.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 annualized dividend and a yield of 3.21%. Coca-Cola Company (The)’s payout ratio is 140.95%.

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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.

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

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