Tirschwell & Loewy Inc. reduced its stake in Coca-Cola Co. (NYSE:KO) by 4.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,650 shares of the company’s stock after selling 1,710 shares during the period. Tirschwell & Loewy Inc.’s holdings in Coca-Cola were worth $1,616,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Davis R M Inc. boosted its position in shares of 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 in the last quarter. Vontobel Asset Management Inc. raised 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. BLB&B Advisors LLC raised its stake in Coca-Cola by 4.1% in the first quarter. BLB&B Advisors LLC now owns 58,031 shares of the company’s stock worth $2,692,000 after buying an additional 2,294 shares during the last quarter. Macnealy Hoover Investment Management Inc. raised its stake in Coca-Cola by 0.9% in the first quarter. Macnealy Hoover Investment Management Inc. now owns 43,220 shares of the company’s stock worth $2,005,000 after buying an additional 375 shares during the last quarter. Finally, BTR Capital Management Inc. raised its stake in Coca-Cola by 16.0% in the first quarter. BTR Capital Management Inc. now owns 47,046 shares of the company’s stock worth $2,182,000 after buying an additional 6,472 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of Coca-Cola Co. (NYSE:KO) traded up 0.69% on Friday, hitting $42.32. The stock had a trading volume of 14,375,702 shares. The company has a market cap of $182.65 billion, a P/E ratio of 24.35 and a beta of 0.57. The company has a 50-day moving average of $43.12 and a 200-day moving average of $44.61. Coca-Cola Co. has a 52-week low of $40.43 and a 52-week high of $47.13.
Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, topping 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 had revenue of $11.50 billion for the quarter, compared to analysts’ expectations of $11.69 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Coca-Cola Co. will post $1.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.31%. Coca-Cola’s dividend payout ratio (DPR) is 80.46%.
A number of research firms recently issued reports on KO. Credit Suisse Group AG began coverage on Coca-Cola in a research note on Thursday, September 15th. They set a “neutral” rating and a $44.00 price objective on the stock. Vetr lowered Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.93 price objective on the stock. in a research note on Thursday, September 15th. Stifel Nicolaus lowered Coca-Cola from a “buy” rating to a “hold” rating and decreased their price objective for the company from $50.00 to $45.00 in a research note on Thursday. Societe Generale set a $44.00 price objective on Coca-Cola and gave the company a “neutral” rating in a research note on Monday, August 8th. Finally, Susquehanna reiterated a “hold” rating and set a $39.00 price objective on shares of Coca-Cola in a research note on Sunday, June 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently 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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