Regal Investment Advisors LLC raised its stake in Coca-Cola Co. (NYSE:KO) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,222 shares of the company’s stock after buying an additional 1,020 shares during the period. Regal Investment Advisors LLC’s holdings in Coca-Cola were worth $1,415,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. RFG Advisory Group LLC raised its stake 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 last quarter. Verus Financial Partners Inc. raised its stake 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 last quarter. Arcadia Investment Management Corp MI raised its stake 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 last quarter. Abner Herrman & Brock LLC raised its stake 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 last quarter. Finally, Evanson Asset Management LLC raised its stake in shares of Coca-Cola by 0.9% in the second quarter. Evanson Asset Management LLC now owns 9,814 shares of the company’s stock worth $445,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.
Shares of Coca-Cola Co. (NYSE:KO) traded up 1.17% during trading on Tuesday, reaching $42.54. 7,116,776 shares of the company traded hands. Coca-Cola Co. has a 52 week low of $39.33 and a 52 week high of $47.13. The company has a market capitalization of $183.60 billion, a price-to-earnings ratio of 24.48 and a beta of 0.57. The firm’s 50 day moving average price is $43.26 and its 200-day moving average price is $44.69.
Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share for the quarter, beating the 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 business earned $11.50 billion during the quarter, compared to analysts’ expectations of $11.69 billion. During the same quarter in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts anticipate that Coca-Cola Co. will post $1.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.33%. Coca-Cola’s dividend payout ratio (DPR) is 80.46%.
A number of brokerages have recently weighed in on KO. Zacks Investment Research upgraded Coca-Cola from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup Inc. restated a “buy” rating and set a $50.00 price objective on shares of Coca-Cola in a research report on Monday, September 19th. Vetr lowered Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.93 price objective for the company. in a research report on Thursday, September 15th. Credit Suisse Group AG began coverage on Coca-Cola in a research report on Thursday, September 15th. They set a “neutral” rating and a $44.00 price objective for the company. Finally, Jefferies Group restated a “hold” rating on shares of Coca-Cola in a research report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.75.
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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