Balasa Dinverno & Foltz LLC Reduces Stake in Coca-Cola Company (The) (NYSE:KO)

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Coca-Cola Company (The) has a consensus rating of "Hold" and an average target price of $45.70.

Institutional investors have recently made changes to their positions in the stock.

Shares of Coca-Cola Company (KO) opened at 45.59 on Friday. Delta Asset Management LLC TN now owns 27,161 shares of the company's stock valued at $1,152,000 after buying an additional 96 shares in the last quarter. UBS AG set a $48.00 price target on shares of Coca-Cola Company (The) and gave the company a "buy" rating in a research note on Tuesday, April 18th. (The) reaffirmed a sell rating and issued a $41.00 price objective on shares of Coca-Cola Company (The) in a research note on Wednesday, April 26th. Alpha Windward LLC increased its stake in shares of Coca-Cola Company (The) by 0.9% in the first quarter. Glenview Capital Management LLC now owns 4,321,074 shares of the company's stock worth $162,861,000 after buying an additional 2,307,013 shares during the period. State Street Corp increased its stake in Coca-Cola Company (The) by 1.2% in the first quarter. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. Korea Investment CORP raised its position in shares of Coca-Cola European Partners PLC by 12.6% in the first quarter.

Coca-Cola HBC has PE ratio of 22.89 with a one year low of 1,567.72GBX and a one year high of 2,606.00GBX and has a market capitalization of 0 GBX. Finally, Argus increased their price target on shares of Coca-Cola European Partners PLC from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, May 24th. Meeder Asset Management Inc. boosted its stake in shares of Coca-Cola Company (The) by 59.4% in the second quarter. Korea Investment CORP now owns 121,800 shares of the company's stock valued at $4,591,000 after buying an additional 13,600 shares during the last quarter. BlackRock Inc. now owns 241,677,773 shares of the company's stock valued at $10,839,247,000 after buying an additional 750,257 shares during the period.

According to Zacks, analysts expect that Coca-Cola Company (The) will report full-year sales of $8.81 billion for the current year, with estimates ranging from $34.68 billion to $35.60 billion. Whalerock Point Partners LLC now owns 6,063 shares of the company's stock valued at $252,000 after buying an additional 100 shares in the last quarter. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The stock has a 50 day moving average of GBX 2,296.08 and a 200-day moving average of GBX 2,131.30. During the same quarter previous year, the company earned $0.56 earnings per share. The firm's revenue for the quarter was down 15.9% compared to the same quarter past year. Portfolio Solutions LLC purchased a new stake in shares of Coca-Cola Company (The) during the first quarter worth about $108,000.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date was Thursday, June 29th. This represents a dividend yield of 1.71%. Coca-Cola Company (The)'s dividend payout ratio is now 154.17%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first published by BBNS and is owned by of BBNS. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/08/13/8-81-billion-in-sales-expected-for-coca-cola-company-the-nyseko-this-quarter.html. BidaskClub upgraded Coca-Cola European Partners PLC from a "hold" rating to a "buy" rating in a report on Thursday, August 3rd. Finally, Morgan Stanley raised their target price on Coca-Cola Company (The) from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 26th.

In related news, insider Dimitris Lois purchased 33 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were purchased at an average price of GBX 2,240 ($29.17) per share, for a total transaction of £2,329.60 ($3,033.73). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The shares were acquired at an average price of GBX 2,329 ($30.33) per share, for a total transaction of £768.57 ($1,000.87). Following the transaction, the insider now directly owns 118,000 shares in the company, valued at $5,333,600. Also, insider Mark Randazza sold 24,156 shares of the stock in a transaction that occurred on Thursday, July 27th. Following the sale, the insider now owns 315,606 shares in the company, valued at $14,514,719.94. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and global copyright and trademark laws. The disclosure for this sale can be found here. In the last quarter, insiders bought 204 shares of company stock worth $458,844. Institutional investors own 63.68% of the company's stock.

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages.

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