The Coca-Cola Co. (KO) Position Boosted by Los Angeles Capital Management & Equity Research Inc.

The Coca-Cola Co. (KO) Position Boosted by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Coca-Cola Co. (NYSE:KO) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,758,864 shares of the company’s stock after buying an additional 290,152 shares during the period. Coca-Cola accounts for approximately 1.1% of Los Angeles Capital Management & Equity Research Inc.’s portfolio, making the stock its 11th largest position. Los Angeles Capital Management & Equity Research Inc. owned 0.06% of Coca-Cola worth $125,059,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KO. Country Trust Bank increased its stake in 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake 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 worth $113,000 after buying an additional 2,108 shares in the last quarter. Tradewinds Capital Management LLC increased 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 worth $124,000 after buying an additional 174 shares in the last quarter. Taylor Wealth Management Partners increased 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 worth $135,000 after buying an additional 1,670 shares in the last quarter. Finally, Smith Affiliated Capital Corp. increased 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 worth $137,000 after buying an additional 1,800 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Coca-Cola Co. (NYSE:KO) traded down 0.45% during trading on Thursday, reaching $41.59. The company’s stock had a trading volume of 4,833,753 shares. Coca-Cola Co. has a 12 month low of $40.75 and a 12 month high of $47.13. The company’s 50-day moving average is $42.61 and its 200-day moving average is $44.40. The stock has a market cap of $179.50 billion, a PE ratio of 23.93 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 EPS for the quarter, beating the Zacks’ 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 had revenue of $11.50 billion for the quarter, compared to analyst estimates of $11.69 billion. During the same period last year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts expect that Coca-Cola Co. will post $1.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Tuesday, September 13th. Coca-Cola’s payout ratio is 80.46%.

KO has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Coca-Cola from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $45.00 target price (down previously from $47.00) on shares of Coca-Cola in a research note on Wednesday, June 29th. BMO Capital Markets restated an “outperform” rating on shares of Coca-Cola in a research note on Friday, July 15th. Susquehanna restated a “hold” rating on shares of Coca-Cola in a research note on Sunday, July 17th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Coca-Cola in a research note on Sunday, July 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Coca-Cola has an average rating of “Hold” and an average price target of $46.60.

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