The Carnegie Capital Asset Management LLC Reached $1,697,000 position of Coca-Cola Co. (KO)

The Carnegie Capital Asset Management LLC Reached $1,697,000 position  of Coca-Cola Co. (KO)

Carnegie Capital Asset Management LLC raised its stake in shares of Coca-Cola Co. (NYSE:KO) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,087 shares of the company’s stock after buying an additional 238 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Coca-Cola were worth $1,697,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. united american securities inc. d b a uas asset management raised its position in shares of Coca-Cola by 0.9% in the first quarter. united american securities inc. d b a uas asset management now owns 289,970 shares of the company’s stock worth $13,452,000 after buying an additional 2,550 shares during the last quarter. Dubuque Bank & Trust Co. raised its position in shares of Coca-Cola by 128.2% in the first quarter. Dubuque Bank & Trust Co. now owns 54,914 shares of the company’s stock worth $2,547,000 after buying an additional 30,850 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Coca-Cola by 49.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,468,712 shares of the company’s stock worth $114,524,000 after buying an additional 817,272 shares during the last quarter. Ngam Advisors L.P. raised its position in shares of Coca-Cola by 10.6% in the first quarter. Ngam Advisors L.P. now owns 1,022,143 shares of the company’s stock worth $47,418,000 after buying an additional 98,030 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position 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 during the last quarter. Hedge funds and other institutional investors own 64.30% of the company’s stock.

Coca-Cola Co. (NYSE:KO) traded up 0.26% during midday trading on Friday, reaching $42.23. The company had a trading volume of 13,398,353 shares. The firm has a market capitalization of $182.14 billion, a P/E ratio of 25.61 and a beta of 0.59. Coca-Cola Co. has a one year low of $40.75 and a one year high of $47.13. The stock’s 50 day moving average price is $42.15 and its 200-day moving average price is $44.04.

Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, October 26th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The firm earned $10.60 billion during the quarter, compared to analyst estimates of $10.47 billion. Coca-Cola had a net margin of 16.99% and a return on equity of 32.47%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. On average, equities research analysts anticipate that Coca-Cola Co. will post $1.91 earnings per share 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 paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Tuesday, November 29th. Coca-Cola’s payout ratio is presently 84.85%.

KO has been the subject of several research reports. Zacks Investment Research raised Coca-Cola from a “sell” rating to a “hold” rating in a research note on Friday, July 8th. Goldman Sachs Group Inc. set a $46.00 price objective on Coca-Cola and gave the stock a “neutral” rating in a research note on Tuesday, July 12th. BMO Capital Markets reissued an “outperform” rating on shares of Coca-Cola in a research note on Friday, July 15th. Susquehanna reissued a “hold” rating on shares of Coca-Cola in a research note on Sunday, July 17th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Coca-Cola in a research note on Sunday, July 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $46.60.

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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