Trade Report: The Shufro Rose & Co. LLC decides to keep it stake in Coca-Cola Co. (KO) to the level of $724,000

The Shufro Rose & Co. LLC decides to keep it stake in Coca-Cola Co. (KO) to the level of $724,000

Shufro Rose & Co. LLC decreased its position in Coca-Cola Co. (NYSE:KO) by 4.4% during the second quarter, Holdings Channel reports. The institutional investor owned 15,973 shares of the company’s stock after selling 740 shares during the period. Shufro Rose & Co. LLC’s holdings in Coca-Cola were worth $724,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Country Trust Bank increased its position 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased 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 last quarter. Tradewinds Capital Management LLC increased 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 last quarter. Taylor Wealth Management Partners increased 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 last quarter. Finally, Smith Affiliated Capital Corp. increased 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 last quarter. Institutional investors own 64.33% of the company’s stock.

Shares of Coca-Cola Co. (NYSE:KO) traded up 0.05% during mid-day trading on Friday, hitting $41.73. 8,122,809 shares of the stock traded hands. The firm has a 50 day moving average of $42.80 and a 200 day moving average of $44.48. Coca-Cola Co. has a 12 month low of $40.75 and a 12 month high of $47.13. The stock has a market cap of $180.11 billion, a price-to-earnings ratio of 24.01 and a beta of 0.59.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The business had revenue of $11.50 billion for the quarter, compared to analyst estimates of $11.69 billion. During the same quarter in the prior year, the business posted $0.63 EPS. Coca-Cola’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities analysts expect that Coca-Cola Co. will post $1.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is currently 80.46%.

A number of brokerages have weighed in on KO. Vetr reaffirmed a “buy” rating on shares of Coca-Cola in a research note on Thursday, July 28th. Sanford C. Bernstein set a $49.00 target price on shares of Coca-Cola and gave the company a “buy” rating in a research note on Thursday, July 28th. Stifel Nicolaus decreased their target price on shares of Coca-Cola from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Coca-Cola in a research note on Sunday, July 24th. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Coca-Cola in a research note on Sunday, July 31st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $46.50.

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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