Searle & CO. Has $247,000 Position in Coca-Cola Company (The) (NYSE:KO)

Searle & CO. maintained its stake in shares of Coca-Cola Company (The) (NYSE:KO) during the second quarter, Holdings Channel reports. The fund owned 5,508 shares of the company’s stock at the end of the second quarter. Searle & CO.’s holdings in Coca-Cola Company (The) were worth $247,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Capital International Ltd. CA increased its stake in shares of Coca-Cola Company (The) by 26.0% in the fourth quarter. Capital International Ltd. CA now owns 290,483 shares of the company’s stock worth $12,043,000 after buying an additional 59,883 shares in the last quarter. L & S Advisors Inc bought a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth about $556,000. Cigna Investments Inc. New bought a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth about $5,939,000. United Capital Financial Advisers LLC increased its stake in shares of Coca-Cola Company (The) by 11.2% in the fourth quarter. United Capital Financial Advisers LLC now owns 487,043 shares of the company’s stock worth $20,193,000 after buying an additional 49,168 shares in the last quarter. Finally, Cypress Wealth Advisors LLC increased its stake in shares of Coca-Cola Company (The) by 1.7% in the fourth quarter. Cypress Wealth Advisors LLC now owns 11,413 shares of the company’s stock worth $473,000 after buying an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 63.68% of the company’s stock.

Coca-Cola Company (NYSE KO) traded up 0.3610% during midday trading on Thursday, hitting $45.7546. 3,593,679 shares of the stock traded hands. The firm has a market cap of $195.16 billion, a P/E ratio of 48.3153 and a beta of 0.69. The company’s 50-day moving average is $45.11 and its 200 day moving average is $43.53. 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 posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

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

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A number of analysts have issued reports on the stock. UBS AG set a $48.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Tuesday, April 18th. Citigroup Inc. set a $53.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.70.

In related news, SVP Beatriz R. Perez sold 10,000 shares of Coca-Cola Company (The) stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the transaction, the senior vice president now owns 98,718 shares in the company, valued at $4,541,028. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Irial Finan sold 354,146 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the completion of the transaction, the insider now owns 780,258 shares of the company’s stock, valued at approximately $35,111,610. The disclosure for this sale can be found here. In the last three months, insiders sold 614,841 shares of company stock valued at $27,900,186. 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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Company (The) (NYSE:KO).

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

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