Buckhead Capital Management LLC raised its stake in shares of Coca-Cola Co. (NYSE:KO) by 28.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,624 shares of the company’s stock after buying an additional 34,300 shares during the period. Coca-Cola makes up approximately 1.3% of Buckhead Capital Management LLC’s holdings, making the stock its 26th largest position. Buckhead Capital Management LLC’s holdings in Coca-Cola were worth $7,054,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in KO. Country Trust Bank raised 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 worth $113,000 after buying an additional 500 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position 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 during the period. Tradewinds Capital Management LLC raised its position 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 during the period. Taylor Wealth Management Partners raised its position 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 during the period. Finally, Smith Affiliated Capital Corp. raised its position 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 during the period. Hedge funds and other institutional investors own 64.30% of the company’s stock.
Shares of Coca-Cola Co. (NYSE:KO) opened at 42.23 on Friday. The company has a 50-day moving average price of $42.15 and a 200-day moving average price of $44.04. Coca-Cola Co. has a 12 month low of $40.75 and a 12 month high of $47.13. The company has a market capitalization of $182.14 billion, a price-to-earnings ratio of 25.61 and a beta of 0.59.
Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Coca-Cola had a net margin of 16.99% and a return on equity of 32.47%. The company earned $10.60 billion during the quarter, compared to analyst estimates of $10.47 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Coca-Cola Co. will post $1.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.35 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $1.40 annualized dividend and a yield of 3.32%. Coca-Cola’s dividend payout ratio (DPR) is presently 84.85%.
KO has been the topic of a number of recent research 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. RBC Capital Markets set a $49.00 price objective on Coca-Cola and gave the stock a “buy” rating in a research note on Thursday, October 13th. Vetr lowered Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.93 price objective on the stock. in a research note on Thursday, September 15th. 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, twelve have given a hold rating, eleven have assigned 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 target price of $46.60.
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.