Boston Advisors LLC Has $1.78 Million Holdings in Coca-Cola Company (The) (KO)

Boston Advisors LLC reduced its position in Coca-Cola Company (The) (NYSE:KO) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,699 shares of the company’s stock after selling 2,875 shares during the period. Boston Advisors LLC’s holdings in Coca-Cola Company (The) were worth $1,780,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp boosted its position in Coca-Cola Company (The) by 1.2% in the 1st quarter. State Street Corp now owns 173,789,519 shares of the company’s stock valued at $7,375,663,000 after buying an additional 2,009,675 shares during the last quarter. Legal & General Group Plc lifted its position 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 purchasing an additional 789,178 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position 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 purchasing an additional 1,001,984 shares during the last quarter. Clearbridge Investments LLC lifted its position 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 purchasing an additional 1,208,498 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position 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 purchasing an additional 41,520 shares during the last quarter. 64.62% of the stock is owned by institutional investors.

KO has been the topic of several research analyst reports. Sanford C. Bernstein set a $49.00 price target on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Morgan Stanley set a $45.00 price target on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Monday, May 29th. Daiwa Capital Markets initiated coverage on shares of Coca-Cola Company (The) in a research report on Tuesday, June 13th. They set an “outperform” rating and a $48.60 price target on the stock. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Coca-Cola Company (The) in a research report on Monday, May 29th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $45.85.

Shares of Coca-Cola Company (NYSE KO) traded down 0.404% during midday trading on Thursday, hitting $45.595. 2,921,657 shares of the company’s stock traded hands. The firm has a market capitalization of $194.48 billion, a price-to-earnings ratio of 48.147 and a beta of 0.71. The company has a 50 day moving average price of $45.85 and a 200 day moving average price of $44.43. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.98.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Equities analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current 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 given a $0.37 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.23%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

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In other news, insider Brian John Smith sold 100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 136,385 shares in the company, valued at $6,287,348.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the transaction, the insider now owns 26,567 shares in the company, valued at $1,222,347.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,835 shares of company stock worth $16,874,246. Company 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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