Aspiriant LLC raised its position in shares of Coca-Cola Co. (NYSE:KO) by 3.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 38,193 shares of the company’s stock after buying an additional 1,441 shares during the period. Aspiriant LLC’s holdings in Coca-Cola were worth $1,508,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in KO. Country Trust Bank boosted its stake in shares of 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 during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of 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 during the period. Tradewinds Capital Management LLC boosted its stake in shares of 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 during the period. Taylor Wealth Management Partners boosted its stake in shares of 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 during the period. Finally, Smith Affiliated Capital Corp. boosted its stake in shares of 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 during the period. Hedge funds and other institutional investors own 64.30% of the company’s stock.
Coca-Cola Co. (NYSE:KO) opened at 41.97 on Wednesday. Coca-Cola Co. has a 1-year low of $40.75 and a 1-year high of $47.13. The company has a market capitalization of $181.14 billion, a P/E ratio of 24.15 and a beta of 0.59. The firm has a 50-day moving average price of $42.40 and a 200 day moving average price of $44.25.
Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $11.69 billion. During the same period last year, the business posted $0.63 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities analysts predict that Coca-Cola Co. will post $1.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Tuesday, September 13th. Coca-Cola’s payout ratio is 80.46%.
A number of analysts have recently commented on KO shares. Vetr restated a “buy” rating on shares of Coca-Cola in a report on Thursday, July 28th. Sanford C. Bernstein set a $49.00 price target on Coca-Cola and gave the stock a “buy” rating in a research report on Thursday, July 28th. Stifel Nicolaus lowered their price target on Coca-Cola from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, July 28th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Coca-Cola in a research report on Sunday, July 24th. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Coca-Cola in a research report on Sunday, July 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Coca-Cola has an average rating of “Hold” and a consensus 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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