Trade Report: The Coca-Cola Co. (KO) Stake Raised by YHB Investment Advisors Inc.

The Coca-Cola Co. (KO) Stake Raised by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. increased its position in shares of Coca-Cola Co. (NYSE:KO) by 115.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,673 shares of the company’s stock after buying an additional 32,478 shares during the period. YHB Investment Advisors Inc.’s holdings in Coca-Cola were worth $2,750,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KO. Canada Pension Plan Investment Board raised its stake in shares of Coca-Cola by 1,282.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,442,458 shares of the company’s stock worth $206,086,000 after buying an additional 4,121,188 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Coca-Cola by 11.9% in the first quarter. TIAA CREF Investment Management LLC now owns 23,348,604 shares of the company’s stock worth $1,083,142,000 after buying an additional 2,475,256 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Coca-Cola by 49.5% in the second quarter. Acadian Asset Management LLC now owns 6,583,264 shares of the company’s stock worth $298,418,000 after buying an additional 2,180,803 shares in the last quarter. State Street Corp raised 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 in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of Coca-Cola by 7.5% in the first quarter. Loomis Sayles & Co. L P now owns 15,018,480 shares of the company’s stock worth $696,707,000 after buying an additional 1,048,500 shares in the last quarter. 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, reaching $41.78. 12,216,588 shares of the company were exchanged. Coca-Cola Co. has a 1-year low of $40.75 and a 1-year 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 company has a market capitalization of $180.32 billion, a price-to-earnings ratio of 24.04 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The company earned $11.50 billion during the quarter, compared to analysts’ expectations of $11.69 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities research analysts forecast 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. Shareholders 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 dividend on an annualized basis and a yield of 3.35%. Coca-Cola’s payout ratio is 80.46%.

KO has been the subject of several analyst reports. Zacks Investment Research upgraded Coca-Cola from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Independent Research GmbH set a $38.00 price objective on Coca-Cola and gave the stock a “sell” rating in a research note on Monday, August 1st. Vetr lowered Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.93 price objective for the company. in a research note on Thursday, September 15th. Deutsche Bank AG restated a “buy” rating on shares of Coca-Cola in a research note on Sunday, July 24th. Finally, Credit Suisse Group AG initiated coverage on Coca-Cola in a research note on Thursday, September 15th. They issued a “neutral” rating and a $44.00 price objective for the company. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Coca-Cola currently has a consensus rating of “Hold” and a consensus price target of $46.48.

About Coca-Cola

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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