St. Louis Trust Co decreased its position in shares of Coca-Cola Co. (NYSE:KO) by 18.1% during the second quarter, Holdings Channel reports. The fund owned 47,588 shares of the company’s stock after selling 10,496 shares during the period. Coca-Cola comprises 1.1% of St. Louis Trust Co’s portfolio, making the stock its 17th largest position. St. Louis Trust Co’s holdings in Coca-Cola were worth $2,157,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Dividend Asset Capital LLC boosted its stake in Coca-Cola by 5.4% in the first quarter. Dividend Asset Capital LLC now owns 19,242 shares of the company’s stock worth $893,000 after buying an additional 989 shares during the last quarter. V Wealth Management LLC purchased a new stake in Coca-Cola during the first quarter worth approximately $386,000. Gillespie Robinson & Grimm Inc. boosted its stake in Coca-Cola by 3.3% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 6,920 shares of the company’s stock worth $319,000 after buying an additional 220 shares during the last quarter. Davis R M Inc. boosted its stake in Coca-Cola by 1.8% in the first quarter. Davis R M Inc. now owns 37,109 shares of the company’s stock worth $1,721,000 after buying an additional 654 shares during the last quarter. Finally, Vontobel Asset Management Inc. boosted its stake in Coca-Cola by 6.3% in the first quarter. Vontobel Asset Management Inc. now owns 7,605,386 shares of the company’s stock worth $365,685,000 after buying an additional 453,237 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.
Coca-Cola Co. (NYSE:KO) traded down 0.697% during mid-day trading on Monday, hitting $42.025. The company had a trading volume of 6,165,116 shares. The company has a market capitalization of $181.38 billion, a P/E ratio of 24.180 and a beta of 0.59. Coca-Cola Co. has a 52-week low of $40.43 and a 52-week high of $47.13. The company has a 50-day moving average price of $43.12 and a 200 day moving average price of $44.61.
Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Coca-Cola had a return on equity of 32.78% and a net margin of 17.61%. The firm earned $11.50 billion during the quarter, compared to the consensus estimate of $11.69 billion. During the same period in the prior year, the company earned $0.63 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, analysts forecast that Coca-Cola Co. will post $1.91 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, September 13th. Coca-Cola’s dividend payout ratio is currently 80.46%.
A number of research firms have commented on KO. Susquehanna restated a “hold” rating on shares of Coca-Cola in a research note on Sunday, July 17th. Vetr restated a “buy” rating on shares of Coca-Cola in a research note on Thursday, July 28th. Stifel Nicolaus restated a “neutral” rating on shares of Coca-Cola in a research note on Friday. Goldman Sachs Group Inc. set a $45.00 price objective on shares of Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, July 28th. Finally, Zacks Investment Research upgraded shares of Coca-Cola from a “sell” rating to a “hold” rating in a research report on Friday, July 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.50.
Coca-Cola Company Profile
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.
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