America First Investment Advisors LLC reduced its stake in shares of Coca-Cola Co. (NYSE:KO) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 4,390 shares of the company’s stock after selling 140 shares during the period. America First Investment Advisors LLC’s holdings in Coca-Cola were worth $199,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Investment Centers of America Inc. boosted its stake in Coca-Cola by 25.6% in the first quarter. Investment Centers of America Inc. now owns 130,836 shares of the company’s stock valued at $6,070,000 after buying an additional 26,651 shares during the period. Wade G W & Inc. boosted its stake in Coca-Cola by 6.0% in the first quarter. Wade G W & Inc. now owns 149,193 shares of the company’s stock valued at $6,921,000 after buying an additional 8,498 shares during the period. RKL Wealth Management LLC acquired a new stake in Coca-Cola during the first quarter valued at about $779,000. Douglas Lane & Associates LLC acquired a new stake in Coca-Cola during the first quarter valued at about $5,755,000. Finally, Quantitative Systematic Strategies LLC boosted its stake in Coca-Cola by 53.0% in the first quarter. Quantitative Systematic Strategies LLC now owns 16,954 shares of the company’s stock valued at $789,000 after buying an additional 5,876 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.
Coca-Cola Co. (NYSE:KO) traded up 0.58% during mid-day trading on Wednesday, hitting $41.78. The stock had a trading volume of 12,216,588 shares. Coca-Cola Co. has a 12-month low of $40.75 and a 12-month high of $47.13. The company has a 50-day moving average of $42.67 and a 200-day moving average of $44.42. The firm has a market cap of $180.32 billion, a PE ratio of 24.04 and a beta of 0.59.
Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) 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 earned $11.50 billion during the quarter, compared to the consensus estimate of $11.69 billion. During the same period in the prior year, the firm earned $0.63 EPS. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. Analysts expect that Coca-Cola Co. will post $1.91 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were issued a $0.35 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $1.40 annualized dividend and a yield of 3.35%. Coca-Cola’s dividend payout ratio is currently 80.46%.
Several research firms have issued reports on KO. Vetr raised Coca-Cola from a “buy” rating to a “strong-buy” rating and set a $46.56 target price for the company in a research note on Tuesday. Zacks Investment Research cut Coca-Cola from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Stifel Nicolaus reissued a “neutral” rating on shares of Coca-Cola in a research note on Friday, September 30th. Citigroup Inc. reissued a “buy” rating and set a $50.00 target price on shares of Coca-Cola in a research note on Monday, September 19th. Finally, 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 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Coca-Cola currently has a consensus rating of “Hold” and a consensus target price of $46.48.
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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