Coca-Cola Company (The) (NYSE:KO) Shares Sold by Pring Turner Capital Group Inc.

Pring Turner Capital Group Inc. trimmed its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 25.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,220 shares of the company’s stock after selling 2,850 shares during the period. Pring Turner Capital Group Inc.’s holdings in Coca-Cola Company (The) were worth $349,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KO. Quadrant Capital Group LLC lifted its position in shares of Coca-Cola Company (The) by 6.6% during the first quarter. Quadrant Capital Group LLC now owns 24,711 shares of the company’s stock worth $1,033,000 after purchasing an additional 1,524 shares in the last quarter. Mutual of Omaha Bank Wealth Management lifted its position in shares of Coca-Cola Company (The) by 2.7% during the first quarter. Mutual of Omaha Bank Wealth Management now owns 110,148 shares of the company’s stock worth $4,674,000 after purchasing an additional 2,900 shares in the last quarter. Newman Dignan & Sheerar Inc. increased its stake in shares of Coca-Cola Company (The) by 3.1% in the first quarter. Newman Dignan & Sheerar Inc. now owns 14,645 shares of the company’s stock worth $622,000 after buying an additional 446 shares during the last quarter. National Pension Service increased its stake in shares of Coca-Cola Company (The) by 3.3% in the first quarter. National Pension Service now owns 2,668,107 shares of the company’s stock worth $113,661,000 after buying an additional 85,130 shares during the last quarter. Finally, Univest Corp of Pennsylvania increased its stake in shares of Coca-Cola Company (The) by 3.6% in the first quarter. Univest Corp of Pennsylvania now owns 87,364 shares of the company’s stock worth $3,708,000 after buying an additional 3,067 shares during the last quarter. 64.68% of the stock is currently owned by hedge funds and other institutional investors.

In other news, 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 value of $460,000.00. Following the completion of the sale, the senior vice president now directly owns 98,718 shares of the company’s stock, valued at $4,541,028. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.01, for a total value of $1,111,417.56. Following the completion of the sale, the insider now directly owns 26,567 shares of the company’s stock, valued at $1,222,347.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,835 shares of company stock worth $16,874,246. Corporate insiders own 1.51% of the company’s stock.

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Coca-Cola Company (KO) traded up 0.04% during trading on Friday, reaching $46.13. The company had a trading volume of 8,424,778 shares. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.98. The company has a 50 day moving average price of $45.84 and a 200 day moving average price of $44.31. The company has a market capitalization of $196.76 billion, a PE ratio of 48.71 and a beta of 0.71.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.21%. Coca-Cola Company (The)’s payout ratio is currently 154.17%.

A number of brokerages recently issued reports on KO. Macquarie began coverage on shares of Coca-Cola Company (The) in a research note on Friday. They issued a “neutral” rating and a $47.00 price target for the company. Vetr upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research note on Tuesday. Jefferies Group LLC reiterated a “hold” rating and set a $47.00 target price on shares of Coca-Cola Company (The) in a research note on Thursday, September 7th. Royal Bank Of Canada reiterated a “buy” rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Wednesday, September 6th. Finally, Cowen and Company reissued a “hold” rating and set a $42.00 price target on shares of Coca-Cola Company (The) in a report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $45.85.

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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