Blair William & Co. IL decreased its stake in Coca-Cola Co. (NYSE:KO) by 14.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,033 shares of the company’s stock after selling 37,611 shares during the period. Blair William & Co. IL’s holdings in Coca-Cola were worth $9,702,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Coca-Cola by 0.9% in the first quarter. State Street Corp now owns 167,467,138 shares of the company’s stock worth $7,768,816,000 after buying an additional 1,511,559 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Coca-Cola by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 102,413,710 shares of the company’s stock worth $4,750,972,000 after buying an additional 843,493 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Coca-Cola by 1.1% in the first quarter. BlackRock Fund Advisors now owns 56,120,005 shares of the company’s stock worth $2,603,407,000 after buying an additional 623,080 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Coca-Cola by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 47,084,172 shares of the company’s stock worth $2,134,326,000 after buying an additional 1,077,013 shares during the period. Finally, Suntrust Banks Inc. boosted its stake in shares of Coca-Cola by 0.8% in the second quarter. Suntrust Banks Inc. now owns 41,237,033 shares of the company’s stock worth $1,869,273,000 after buying an additional 330,121 shares during the period. Institutional investors own 64.33% of the company’s stock.
Coca-Cola Co. (NYSE:KO) traded up 0.419% during midday trading on Monday, hitting $41.905. The company had a trading volume of 1,961,182 shares. The stock has a 50 day moving average price of $42.80 and a 200 day moving average price of $44.48. The company has a market capitalization of $180.86 billion, a P/E ratio of 24.111 and a beta of 0.59. Coca-Cola Co. has a 52 week low of $40.75 and a 52 week high of $47.13.
Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, July 27th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $11.50 billion for the quarter, compared to the consensus estimate of $11.69 billion. Coca-Cola had a return on equity of 32.78% and a net margin of 17.61%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. Equities analysts forecast that Coca-Cola Co. will post $1.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were given a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.35%. Coca-Cola’s dividend payout ratio is currently 80.46%.
KO has been the topic of a number of recent research reports. Citigroup Inc. reissued a “buy” rating and set a $50.00 price objective on shares of Coca-Cola in a report on Monday, September 19th. Zacks Investment Research raised Coca-Cola from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Susquehanna reaffirmed a “hold” rating on shares of Coca-Cola in a report on Monday, August 22nd. Jefferies Group reaffirmed a “hold” rating on shares of Coca-Cola in a report on Thursday, August 25th. Finally, Stifel Nicolaus cut Coca-Cola from a “buy” rating to a “hold” rating and lowered their price target for the company from $50.00 to $45.00 in a report on Thursday, September 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus 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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