BMO Capital Markets Trims Coca-Cola Company (The) (KO) Target Price to $46.00

Coca-Cola HBC

Coca Cola HBC AG (CCH) Rating Reiterated by Shore Capital

Montecito Bank & Trust's holdings in Coca-Cola Company (The) were worth $5,394,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Alpha Windward LLC increased its stake in shares of Coca-Cola Company (The) by 0.9% in the first quarter. Northern Trust Corp now owns 50,761,341 shares of the company's stock valued at $2,276,647,000 after buying an additional 2,167,225 shares during the period. Delta Asset Management LLC TN increased its position in Coca-Cola Company (The) by 0.4% in the first quarter. Vanguard Group Inc. boosted its position in shares of Coca-Cola Company (The) by 1.8% in the second quarter. 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. State Street Corp increased its stake in Coca-Cola Company (The) by 1.2% in the first quarter. Epoch Investment Partners Inc. now owns 4,026,083 shares of the company's stock worth $151,743,000 after buying an additional 65,529 shares during the period. Finally, Norges Bank acquired a new stake in Coca-Cola Company (The) during the fourth quarter worth approximately $1,486,731,000. 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. Institutional investors and hedge funds own 63.68% of the company's stock.

Shares of Coca-Cola Company (KO) opened at 45.59 on Tuesday. The stock has a 50 day moving average price of $45.14 and a 200-day moving average price of $43.57. Coca Cola HBC AG has a 52-week low of GBX 1,572.00 and a 52-week high of GBX 2,656.00. The stock has a market capitalization of $194.46 billion, a PE ratio of 48.14 and a beta of 0.69.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The business had revenue of $9.70 billion for the quarter, compared to analysts' expectations of $9.62 billion. During the same quarter previous year, the firm posted $0.60 earnings per share. The firm's revenue for the quarter was down 15.9% compared to the same quarter a year ago. On average, equities analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The firm also recently declared 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 annualized dividend and a yield of 3.25%. Coca-Cola Company (The)'s dividend payout ratio (DPR) is now 154.17%.

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Other equities research analysts have also issued research reports about the stock. Citigroup Inc. reaffirmed a buy rating on shares of Coca Cola HBC AG in a report on Monday, May 15th. J P Morgan Chase & Co reissued an "overweight" rating and set a GBX 2,500 ($32.56) target price on shares of Coca Cola HBC AG in a research report on Friday, July 7th. Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a "sell" rating to a "buy" rating and set a $48.00 price target on the stock in a research note on Friday, April 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and an average target price of $45.70.

In related news, insider Dimitris Lois purchased 33 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were bought at an average cost of GBX 2,240 ($29.17) per share, with a total value of £2,329.60 ($3,033.73). Following the transaction, the insider now directly owns 780,258 shares of the company's stock, valued at approximately $35,111,610. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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). Wetherby Asset Management Inc. now owns 9,292 shares of the company's stock valued at $350,000 after buying an additional 146 shares during the last quarter. The disclosure for this sale can be found here. Wells Fargo & Company MN now owns 1,713,537 shares of the company's stock valued at $64,583,000 after buying an additional 998,524 shares during the last quarter.

The Company produces, sells and distributes beverage brands.

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