Rand Wealth LLC lowered its stake in shares of Coca-Cola Co. (NYSE:KO) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,809 shares of the company’s stock after selling 367 shares during the period. Rand Wealth LLC’s holdings in Coca-Cola were worth $1,623,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. Country Trust Bank increased its stake in Coca-Cola by 25.0% in the second quarter. Country Trust Bank now owns 2,500 shares of the company’s stock worth $113,000 after buying an additional 500 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Coca-Cola by 562.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,483 shares of the company’s stock worth $113,000 after buying an additional 2,108 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in Coca-Cola by 6.8% in the second quarter. Tradewinds Capital Management LLC now owns 2,744 shares of the company’s stock worth $124,000 after buying an additional 174 shares in the last quarter. Taylor Wealth Management Partners increased its stake in Coca-Cola by 128.5% in the second quarter. Taylor Wealth Management Partners now owns 2,970 shares of the company’s stock worth $135,000 after buying an additional 1,670 shares in the last quarter. Finally, Smith Affiliated Capital Corp. increased its stake in Coca-Cola by 147.2% in the second quarter. Smith Affiliated Capital Corp. now owns 3,023 shares of the company’s stock worth $137,000 after buying an additional 1,800 shares in the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.
Shares of Coca-Cola Co. (NYSE:KO) traded down 1.59% during trading on Monday, reaching $42.06. The company’s stock had a trading volume of 8,459,685 shares. Coca-Cola Co. has a 52-week low of $39.33 and a 52-week high of $47.13. The stock has a market cap of $181.53 billion, a price-to-earnings ratio of 24.20 and a beta of 0.57. The stock’s 50 day moving average price is $43.30 and its 200-day moving average price is $44.71.
Coca-Cola (NYSE:KO) last released 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 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 quarter last year, the firm posted $0.63 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. Equities analysts anticipate that Coca-Cola Co. will post $1.91 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders 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 3.28%. Coca-Cola’s payout ratio is currently 80.46%.
KO has been the subject of a number of research reports. Zacks Investment Research raised Coca-Cola from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Independent Research GmbH set a $38.00 target price on Coca-Cola and gave the stock a “sell” rating in a report on Monday, August 1st. Vetr downgraded Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.93 target price for the company. in a report on Thursday, September 15th. Deutsche Bank AG reissued a “buy” rating on shares of Coca-Cola in a report on Sunday, July 24th. Finally, SunTrust Banks Inc. restated a “buy” rating on shares of Coca-Cola in a research report on Sunday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Coca-Cola currently has a consensus rating of “Hold” and an average target price of $46.75.
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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