Coho Partners Ltd. increased its stake in shares of Coca-Cola Co. (NYSE:KO) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 339,968 shares of the company’s stock after buying an additional 22,656 shares during the period. Coho Partners Ltd.’s holdings in Coca-Cola were worth $15,411,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in shares of Coca-Cola by 94.5% in the second quarter. Janney Montgomery Scott LLC now owns 857,339 shares of the company’s stock valued at $37,933,000 after buying an additional 416,604 shares during the period. Linscomb & Williams Inc. boosted its stake in shares of Coca-Cola by 1.0% in the second quarter. Linscomb & Williams Inc. now owns 83,831 shares of the company’s stock worth $3,800,000 after buying an additional 861 shares during the last quarter. InterOcean Capital LLC boosted its stake in shares of Coca-Cola by 6.1% in the second quarter. InterOcean Capital LLC now owns 212,113 shares of the company’s stock worth $9,615,000 after buying an additional 12,280 shares during the last quarter. Janney Capital Management LLC boosted its stake in shares of Coca-Cola by 0.4% in the second quarter. Janney Capital Management LLC now owns 35,949 shares of the company’s stock worth $1,629,000 after buying an additional 160 shares during the last quarter. Finally, Lincoln National Corp boosted its stake in shares of Coca-Cola by 4.4% in the second quarter. Lincoln National Corp now owns 31,061 shares of the company’s stock worth $1,407,000 after buying an additional 1,310 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.
Shares of Coca-Cola Co. (NYSE:KO) traded down 0.036% during trading on Wednesday, hitting $41.825. The stock had a trading volume of 3,775,115 shares. The company has a market cap of $180.52 billion, a P/E ratio of 24.065 and a beta of 0.59. The stock’s 50-day moving average price is $42.99 and its 200-day moving average price is $44.55. Coca-Cola Co. has a one year low of $40.75 and a one year high of $47.13.
Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.60 earnings per share (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 business had revenue of $11.50 billion for the quarter, compared to the consensus estimate of $11.69 billion. During the same period in the prior year, the business earned $0.63 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. On average, equities research analysts forecast that Coca-Cola Co. will post $1.91 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.40 annualized dividend and a yield of 3.35%. Coca-Cola’s dividend payout ratio (DPR) is presently 80.46%.
KO has been the topic of a number of research analyst reports. Susquehanna reissued a “hold” rating on shares of Coca-Cola in a research note on Sunday, July 17th. Vetr reissued a “buy” rating on shares of Coca-Cola in a research note on Thursday, July 28th. Stifel Nicolaus reissued a “neutral” rating on shares of Coca-Cola in a research note on Friday, September 30th. Sanford C. Bernstein set a $49.00 price target on shares of Coca-Cola and gave the company a “buy” rating in a research note on Thursday, July 28th. Finally, Goldman Sachs Group Inc. set a $45.00 price target on shares of Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. Coca-Cola has an average rating of “Hold” and an average price target 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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