RidgeWorth Capital Management LLC held its position in shares of Coca-Cola Co. (NYSE:KO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,828 shares of the company’s stock at the end of the second quarter. RidgeWorth Capital Management LLC’s holdings in Coca-Cola were worth $263,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Country Trust Bank raised its position in Coca-Cola by 25.0% in the second quarter. Country Trust Bank now owns 2,500 shares of the company’s stock valued at $113,000 after buying an additional 500 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position 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 valued at $113,000 after buying an additional 2,108 shares during the period. Tradewinds Capital Management LLC raised 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 valued at $124,000 after buying an additional 174 shares during the period. Taylor Wealth Management Partners raised 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 valued at $135,000 after buying an additional 1,670 shares during the period. Finally, Smith Affiliated Capital Corp. raised 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 valued at $137,000 after buying an additional 1,800 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.
Coca-Cola Co. (NYSE:KO) traded down 0.92% during mid-day trading on Wednesday, reaching $42.20. 8,869,884 shares of the company were exchanged. Coca-Cola Co. has a 1-year low of $39.36 and a 1-year high of $47.13. The firm has a market capitalization of $182.14 billion, a P/E ratio of 24.28 and a beta of 0.57. The stock has a 50-day moving average of $43.24 and a 200 day moving average of $44.67.
Coca-Cola (NYSE:KO) last issued its quarterly 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. The business had revenue of $11.50 billion for the quarter, compared to analysts’ expectations of $11.69 billion. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. Equities research analysts forecast that Coca-Cola Co. will post $1.91 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.29%. Coca-Cola’s dividend payout ratio is presently 80.46%.
KO has been the subject of several analyst reports. Stifel Nicolaus lowered their target price on shares of Coca-Cola from $54.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, July 28th. Deutsche Bank AG restated a “buy” rating on shares of Coca-Cola in a report on Sunday, July 24th. Sanford C. Bernstein set a $49.00 target price on shares of Coca-Cola and gave the stock a “buy” rating in a report on Thursday, July 28th. Vetr restated a “buy” rating on shares of Coca-Cola in a report on Thursday, July 28th. Finally, SunTrust Banks Inc. restated a “buy” rating on shares of Coca-Cola in a report on Sunday, July 31st. One investment 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’s stock. Coca-Cola presently has an average rating of “Hold” and a consensus price target 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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