Stephens Inc. AR increased its position in shares of Coca-Cola Co. (NYSE:KO) by 17.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 244,305 shares of the company’s stock after buying an additional 35,731 shares during the period. Stephens Inc. AR’s holdings in Coca-Cola were worth $11,074,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of KO. RFG Advisory Group LLC boosted its position in shares of 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 period. Confluence Wealth Management LLC boosted its position in shares of 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 period. Verus Financial Partners Inc. boosted its position in shares of Coca-Cola by 0.5% in the second quarter. Verus Financial Partners Inc. now owns 7,759 shares of the company’s stock worth $352,000 after buying an additional 41 shares during the period. Arcadia Investment Management Corp MI boosted its position in shares of Coca-Cola by 1.5% in the second quarter. Arcadia Investment Management Corp MI now owns 3,469 shares of the company’s stock worth $157,000 after buying an additional 52 shares during the period. Finally, Abner Herrman & Brock LLC boosted its position in shares of Coca-Cola by 1.5% in the second quarter. Abner Herrman & Brock LLC now owns 4,740 shares of the company’s stock worth $216,000 after buying an additional 70 shares during the period. 64.33% of the stock is owned by institutional investors.
Shares of Coca-Cola Co. (NYSE:KO) traded up 0.19% during midday trading on Thursday, hitting $41.89. 4,216,428 shares of the company were exchanged. Coca-Cola Co. has a one year low of $40.75 and a one year high of $47.13. The stock’s 50-day moving average is $42.93 and its 200-day moving average is $44.53. The stock has a market cap of $180.80 billion, a PE ratio of 24.10 and a beta of 0.59.
Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The company had revenue of $11.50 billion for the quarter, compared to analyst estimates of $11.69 billion. During the same quarter in the prior year, the business posted $0.63 EPS. Coca-Cola’s quarterly revenue was down 5.1% on a year-over-year basis. Equities research analysts anticipate that Coca-Cola Co. will post $1.91 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th were paid 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 dividend yield of 3.35%. Coca-Cola’s dividend payout ratio (DPR) is 80.46%.
A number of research analysts have recently weighed in on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Coca-Cola in a research note on Sunday, July 24th. Susquehanna reissued a “hold” rating on shares of Coca-Cola in a research note on Sunday, July 17th. BMO Capital Markets reissued an “outperform” rating on shares of Coca-Cola in a research note on Friday, July 15th. Goldman Sachs Group Inc. set a $46.00 price objective on shares of Coca-Cola and gave the stock a “neutral” rating in a research note on Tuesday, July 12th. Finally, Vetr raised shares of Coca-Cola from a “sell” rating to a “hold” rating and set a $44.00 target price for the company in a research note on Monday, June 13th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.50.
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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