Chicago Partners Investment Group LLC boosted its stake in Coca-Cola Co. (NYSE:KO) by 0.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 13,814 shares of the company’s stock after buying an additional 4 shares during the period. Chicago Partners Investment Group LLC’s holdings in Coca-Cola were worth $626,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in KO. CHURCHILL MANAGEMENT Corp boosted its stake in Coca-Cola by 10.3% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 346,940 shares of the company’s stock worth $15,727,000 after buying an additional 32,457 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Coca-Cola by 19.7% in the second quarter. BNP Paribas Arbitrage SA now owns 2,099,270 shares of the company’s stock worth $95,160,000 after buying an additional 345,810 shares during the period. Credit Agricole S A boosted its stake in Coca-Cola by 5.5% in the first quarter. Credit Agricole S A now owns 4,556,956 shares of the company’s stock worth $211,397,000 after buying an additional 238,344 shares during the period. Capstone Asset Management Co. boosted its stake in Coca-Cola by 0.4% in the second quarter. Capstone Asset Management Co. now owns 673,917 shares of the company’s stock worth $30,549,000 after buying an additional 2,488 shares during the period. Finally, Avalon Advisors LLC boosted its stake in Coca-Cola by 10.3% in the first quarter. Avalon Advisors LLC now owns 661,940 shares of the company’s stock worth $30,707,000 after buying an additional 62,060 shares during the period. Institutional investors own 64.33% of the company’s stock.
Shares of Coca-Cola Co. (NYSE:KO) traded down 0.48% on Thursday, hitting $41.58. The company had a trading volume of 4,833,953 shares. The company has a 50 day moving average price of $42.61 and a 200 day moving average price of $44.40. Coca-Cola Co. has a 1-year low of $40.75 and a 1-year high of $47.13. The firm has a market capitalization of $179.46 billion, a price-to-earnings ratio of 23.92 and a beta of 0.59.
Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $11.50 billion for the quarter, compared to analyst estimates of $11.69 billion. Coca-Cola had a return on equity of 32.78% and a net margin of 17.61%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. On average, equities analysts forecast that Coca-Cola Co. will post $1.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, September 13th. Coca-Cola’s dividend payout ratio is presently 80.46%.
A number of analysts have issued reports on KO shares. Deutsche Bank AG reiterated a “buy” rating on shares of Coca-Cola in a research note on Sunday, July 24th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $49.00 target price on shares of Coca-Cola in a research note on Wednesday, August 10th. Vetr upgraded shares of Coca-Cola from a “buy” rating to a “strong-buy” rating and set a $49.32 target price for the company in a research note on Tuesday, August 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of Coca-Cola in a research note on Friday, July 15th. Finally, SunTrust Banks Inc. reiterated a “buy” rating on shares of Coca-Cola in a research note on Sunday, July 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Coca-Cola has a consensus rating of “Hold” and an average price target of $46.60.
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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