Todays Report: Today: Sigma Planning Corp Increases Stake in Coca-Cola Co. (KO)

Today: Sigma Planning Corp Increases Stake in Coca-Cola Co. (KO)

Sigma Planning Corp increased its stake in Coca-Cola Co. (NYSE:KO) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,996 shares of the company’s stock after buying an additional 1,340 shares during the period. Sigma Planning Corp’s holdings in Coca-Cola were worth $3,173,000 as of its most recent filing with the SEC.

Several other hedge funds also recently 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. 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. Barnett & Company Inc. purchased a new position in shares of Coca-Cola during the first quarter valued at approximately $149,000. Arcadia Investment Management Corp MI boosted its position in shares of Coca-Cola by 1.5% in the second quarter. Arcadia Investment Management Corp MI now owns 3,469 shares of the company’s stock valued at $157,000 after buying an additional 52 shares during the last quarter. Finally, Cribstone Capital Management LLC purchased a new position in shares of Coca-Cola during the second quarter valued at approximately $161,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Co. (NYSE:KO) traded down 0.22% on Friday, hitting $41.67. 9,893,840 shares of the company’s stock were exchanged. The stock has a market cap of $179.85 billion, a P/E ratio of 23.98 and a beta of 0.59. Coca-Cola Co. has a 52-week low of $40.75 and a 52-week high of $47.13. The firm has a 50 day moving average price of $42.50 and a 200-day moving average price of $44.35.

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

The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Tuesday, September 13th. Coca-Cola’s payout ratio is 80.46%.

KO has been the subject of several analyst reports. Vetr restated a “buy” rating on shares of Coca-Cola in a research report 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 report on Thursday, July 28th. Stifel Nicolaus dropped 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 report on Thursday, July 28th. Deutsche Bank AG restated a “buy” rating on shares of Coca-Cola in a research report on Sunday, July 24th. Finally, SunTrust Banks Inc. restated a “buy” rating on shares of Coca-Cola in a research report on Sunday, July 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Coca-Cola presently has a consensus rating of “Hold” and an average price target of $46.60.

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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