The Gerstein Fisher Acquires 1,176 Shares of Coca-Cola Co. (KO)

The Gerstein Fisher Acquires 1,176 Shares of Coca-Cola Co. (KO)

Gerstein Fisher raised its stake in Coca-Cola Co. (NYSE:KO) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 54,497 shares of the company’s stock after buying an additional 1,176 shares during the period. Gerstein Fisher’s holdings in Coca-Cola were worth $2,470,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KO. Country Trust Bank boosted its position 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 valued at $113,000 after buying an additional 500 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position 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 valued at $113,000 after buying an additional 2,108 shares during the last quarter. Tradewinds Capital Management LLC boosted its position 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 valued at $124,000 after buying an additional 174 shares during the last quarter. Taylor Wealth Management Partners boosted its position 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 valued at $135,000 after buying an additional 1,670 shares during the last quarter. Finally, Smith Affiliated Capital Corp. boosted its position 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 valued at $137,000 after buying an additional 1,800 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

Shares of Coca-Cola Co. (NYSE:KO) traded up 0.26% during trading on Wednesday, reaching $41.65. 2,123,411 shares of the company’s stock traded hands. The stock has a market capitalization of $179.76 billion, a PE ratio of 23.96 and a beta of 0.59. The company has a 50 day moving average price of $42.67 and a 200 day moving average price of $44.42. Coca-Cola Co. has a 1-year low of $40.75 and a 1-year high of $47.13.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share 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 business earned $11.50 billion during the quarter, compared to the consensus estimate of $11.69 billion. During the same period in the previous year, the business earned $0.63 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. On average, equities analysts forecast 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 issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.37%. Coca-Cola’s dividend payout ratio (DPR) is 80.46%.

KO has been the topic of several recent research reports. Zacks Investment Research raised shares of Coca-Cola from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Independent Research GmbH set a $38.00 target price on shares of Coca-Cola and gave the company a “sell” rating in a research report on Monday, August 1st. Vetr cut shares of Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.93 target price on the stock. in a research report on Thursday, September 15th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Coca-Cola in a research report on Sunday, July 24th. Finally, Credit Suisse Group AG assumed coverage on shares of Coca-Cola in a research report on Thursday, September 15th. They issued a “neutral” rating and a $44.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $46.48.

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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