Trust Co. of Vermont Has $3.60 Million Position in Coca-Cola Company (The) (NYSE:KO)

Trust Co. of Vermont boosted its stake in Coca-Cola Company (The) (NYSE:KO) by 1.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,734 shares of the company’s stock after buying an additional 882 shares during the period. Trust Co. of Vermont’s holdings in Coca-Cola Company (The) were worth $3,596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shell Asset Management Co. boosted its position in shares of Coca-Cola Company (The) by 0.5% in the first quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock valued at $37,216,000 after buying an additional 4,101 shares during the period. Guinness Asset Management Ltd boosted its position in shares of Coca-Cola Company (The) by 13.4% in the first quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock valued at $9,886,000 after buying an additional 27,560 shares during the period. IFM Investors Pty Ltd bought a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at approximately $2,170,000. Marathon Asset Management LLP boosted its position in shares of Coca-Cola Company (The) by 7.3% in the first quarter. Marathon Asset Management LLP now owns 2,699,084 shares of the company’s stock valued at $115,439,000 after buying an additional 184,589 shares during the period. Finally, SRS Capital Advisors Inc. bought a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at approximately $127,000. 63.80% of the stock is owned by institutional investors.

Coca-Cola Company (NYSE:KO) traded down 0.41% during trading on Friday, reaching $45.67. The company’s stock had a trading volume of 10,879,794 shares. The company has a market cap of $194.80 billion, a price-to-earnings 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. The stock’s 50 day moving average is $45.25 and its 200 day moving average is $43.72.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities analysts expect that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

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

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Several brokerages recently commented on KO. 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 research report on Monday, April 24th. Jefferies Group LLC reissued a “neutral” rating and set a $45.00 price target on shares of Coca-Cola Company (The) in a research report on Tuesday, April 25th. UBS AG reissued a “buy” rating and set a $48.00 price target on shares of Coca-Cola Company (The) in a research report on Monday, May 15th. Credit Suisse Group reissued a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Finally, BMO Capital Markets reissued a “buy” rating and set a $46.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.70.

In other Coca-Cola Company (The) news, insider Irial Finan sold 354,146 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the sale, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the sale, the insider now directly owns 136,385 shares in the company, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. Insiders have sold a total of 750,263 shares of company stock worth $34,134,363 in the last three months. Insiders own 1.51% of the company’s stock.

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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