Caz Investments LP lowered its position in shares of Coca-Cola Co. (NYSE:KO) by 4.7% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 44,720 shares of the company’s stock after selling 2,210 shares during the period. Coca-Cola accounts for about 1.4% of Caz Investments LP’s portfolio, making the stock its 5th largest position. Caz Investments LP’s holdings in Coca-Cola were worth $1,893,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cambridge Advisors Inc. boosted its stake in Coca-Cola by 0.3% in the third quarter. Cambridge Advisors Inc. now owns 8,061 shares of the company’s stock worth $341,000 after buying an additional 22 shares during the last quarter. New England Private Wealth Advisors LLC boosted its stake in Coca-Cola by 0.5% in the second quarter. New England Private Wealth Advisors LLC now owns 5,358 shares of the company’s stock worth $242,000 after buying an additional 25 shares during the last quarter. RFG Advisory Group LLC boosted its stake in Coca-Cola by 0.7% in the second quarter. RFG Advisory Group LLC now owns 4,709 shares of the company’s stock worth $213,000 after buying an additional 32 shares during the last quarter. Alpha Windward LLC boosted its stake in Coca-Cola by 0.4% in the third quarter. Alpha Windward LLC now owns 7,453 shares of the company’s stock worth $315,000 after buying an additional 32 shares during the last quarter. Finally, Confluence Wealth Management LLC boosted its stake in Coca-Cola by 0.7% in the second quarter. Confluence Wealth Management LLC now owns 4,446 shares of the company’s stock worth $202,000 after buying an additional 33 shares during the last quarter. 62.83% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Coca-Cola Co. (NYSE:KO) traded down 1.94% on Wednesday, hitting $40.35. The stock had a trading volume of 22,410,367 shares. The firm has a market capitalization of $174.03 billion, a P/E ratio of 24.47 and a beta of 0.68. The company has a 50 day moving average of $41.75 and a 200-day moving average of $43.44. Coca-Cola Co. has a 12-month low of $40.35 and a 12-month high of $47.13.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The firm had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.47 billion. Coca-Cola had a net margin of 16.99% and a return on equity of 32.47%. The business’s revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Equities analysts predict that Coca-Cola Co. will post $1.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.40 annualized dividend and a yield of 3.47%. Coca-Cola’s dividend payout ratio is currently 84.85%.

TRADEMARK VIOLATION NOTICE: “Coca-Cola Co. (KO) Shares Sold by Caz Investments LP” was first posted by Financial Market News and is owned by of Financial Market News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark laws. The correct version of this article can be accessed at http://www.financial-market-news.com/coca-cola-co-ko-shares-sold-by-caz-investments-lp/1211402/.

A number of research firms recently issued reports on KO. Vetr raised Coca-Cola from a “buy” rating to a “strong-buy” rating and set a $49.32 price objective for the company in a research report on Tuesday, August 2nd. Sanford C. Bernstein reissued an “outperform” rating and set a $49.00 price objective on shares of Coca-Cola in a research report on Wednesday, August 10th. Societe Generale set a $44.00 target price on Coca-Cola and gave the company a “neutral” rating in a report on Monday, August 8th. TheStreet lowered Coca-Cola from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Finally, Stifel Nicolaus restated a “neutral” rating on shares of Coca-Cola in a report on Friday, September 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.92.

In other Coca-Cola news, VP Kathy N. Waller sold 36,342 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $42.06, for a total value of $1,528,544.52. Following the transaction, the vice president now directly owns 104,345 shares of the company’s stock, valued at approximately $4,388,750.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.54% of the stock is currently owned by company insiders.

About Coca-Cola

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.

5 Day Chart for NYSE:KO

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 Co. (NYSE:KO).

Receive News & Ratings for Coca-Cola Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Co. and related companies with MarketBeat.com's FREE daily email newsletter.