Clean Yield Group Maintains Position in Coca-Cola Company (The) (KO)

Clean Yield Group held its position in Coca-Cola Company (The) (NYSE:KO) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,442 shares of the company’s stock at the end of the second quarter. Clean Yield Group’s holdings in Coca-Cola Company (The) were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Portfolio Solutions LLC purchased a new stake in shares of Coca-Cola Company (The) during the first quarter worth $108,000. Signature Estate & Investment Advisors LLC raised its position in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares during the period. SRS Capital Advisors Inc. acquired a new stake in shares of Coca-Cola Company (The) during the fourth quarter valued at about $127,000. Finally, Perkins Coie Trust Co raised its stake in shares of Coca-Cola Company (The) by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after buying an additional 572 shares during the period. Hedge funds and other institutional investors own 63.68% of the company’s stock.

Coca-Cola Company (NYSE KO) traded down 0.33% during midday trading on Friday, hitting $45.59. The stock had a trading volume of 8,357,607 shares. The stock has a market capitalization of $194.46 billion, a PE ratio of 48.14 and a beta of 0.69. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.42. The stock’s 50-day moving average is $45.14 and its 200-day moving average is $43.57.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is 154.17%.

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KO has been the topic of several analyst reports. Zacks Investment Research lowered shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Credit Suisse Group raised shares of Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $44.00 to $49.00 in a report on Wednesday, April 19th. UBS AG upped their target price on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Jefferies Group LLC set a $47.00 target price on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Thursday, July 27th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $46.00 price target (up previously from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Coca-Cola Company (The) currently has a consensus rating of “Hold” and an average price target of $45.70.

In other Coca-Cola Company (The) news, insider Beatriz R. Perez sold 29,282 shares of Coca-Cola Company (The) stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the completion of the sale, the insider now owns 118,000 shares of the company’s stock, valued at approximately $5,333,600. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer K. Mann sold 8,819 shares of Coca-Cola Company (The) stock in a transaction 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 completion of the sale, 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. Insiders have sold 614,841 shares of company stock valued at $27,900,186 in the last quarter. 1.51% of the stock is owned by company 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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