TD Asset Management Inc. lifted its holdings in shares of The Coca-Cola Co (NYSE:KO) by 12.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,158,807 shares of the company’s stock after buying an additional 781,470 shares during the period. TD Asset Management Inc.’s holdings in The Coca-Cola were worth $364,527,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Davy Asset Management Ltd acquired a new position in shares of The Coca-Cola during the second quarter worth about $891,000. Curbstone Financial Management Corp lifted its stake in The Coca-Cola by 6.0% in the second quarter. Curbstone Financial Management Corp now owns 20,550 shares of the company’s stock valued at $1,046,000 after buying an additional 1,170 shares during the last quarter. Marathon Capital Management lifted its stake in The Coca-Cola by 7.0% in the second quarter. Marathon Capital Management now owns 10,851 shares of the company’s stock valued at $552,000 after buying an additional 712 shares during the last quarter. Armbruster Capital Management Inc. lifted its stake in The Coca-Cola by 1.9% in the first quarter. Armbruster Capital Management Inc. now owns 13,602 shares of the company’s stock valued at $637,000 after buying an additional 250 shares during the last quarter. Finally, Cypress Wealth Services LLC lifted its stake in The Coca-Cola by 1.1% in the first quarter. Cypress Wealth Services LLC now owns 98,036 shares of the company’s stock valued at $4,594,000 after buying an additional 1,066 shares during the last quarter. Institutional investors own 66.69% of the company’s stock.

A number of equities research analysts have recently issued reports on KO shares. UBS Group increased their target price on The Coca-Cola from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. lifted their target price on The Coca-Cola from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Morgan Stanley reiterated a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 31st. Barclays set a $54.00 price target on The Coca-Cola and gave the company a “buy” rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Co lifted their price target on The Coca-Cola from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The Coca-Cola currently has an average rating of “Hold” and a consensus target price of $53.86.

Shares of KO stock traded up $0.18 during trading hours on Tuesday, hitting $53.38. The company had a trading volume of 771,596 shares, compared to its average volume of 14,153,410. The Coca-Cola Co has a 12 month low of $44.25 and a 12 month high of $54.82. The company has a market cap of $228.43 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 3.71 and a beta of 0.48. The stock’s fifty day moving average is $52.37. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71.

The Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The Coca-Cola’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. On average, research analysts expect that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Friday, September 13th. The Coca-Cola’s dividend payout ratio is 76.92%.

In related news, VP Bernhard Goepelt sold 13,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $48.96, for a total value of $636,480.00. Following the completion of the sale, the vice president now owns 151,504 shares in the company, valued at approximately $7,417,635.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Beatriz R. Perez sold 14,094 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $49.50, for a total transaction of $697,653.00. Following the completion of the sale, the senior vice president now owns 108,551 shares of the company’s stock, valued at approximately $5,373,274.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 345,855 shares of company stock worth $17,516,258. Company insiders own 1.33% of the company’s stock.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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