Oakbrook Investments LLC Has $15,674,000 Position in Coca-Cola Co. (KO)
Oakbrook Investments LLC boosted its stake in shares of Coca-Cola Co. (NYSE:KO) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 345,784 shares of the company’s stock after buying an additional 24,000 shares during the period. Oakbrook Investments LLC’s holdings in Coca-Cola were worth $15,674,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in KO. CHURCHILL MANAGEMENT Corp increased its position in shares of Coca-Cola by 10.3% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 346,940 shares of the company’s stock valued at $15,727,000 after buying an additional 32,457 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Coca-Cola by 19.7% in the second quarter. BNP Paribas Arbitrage SA now owns 2,099,270 shares of the company’s stock valued at $95,160,000 after buying an additional 345,810 shares during the period. Credit Agricole S A increased its position in shares of Coca-Cola by 5.5% in the first quarter. Credit Agricole S A now owns 4,556,956 shares of the company’s stock valued at $211,397,000 after buying an additional 238,344 shares during the period. Capstone Asset Management Co. increased its position in shares of Coca-Cola by 0.4% in the second quarter. Capstone Asset Management Co. now owns 673,917 shares of the company’s stock valued at $30,549,000 after buying an additional 2,488 shares during the period. Finally, Avalon Advisors LLC increased its position in shares of Coca-Cola by 10.3% in the first quarter. Avalon Advisors LLC now owns 661,940 shares of the company’s stock valued at $30,707,000 after buying an additional 62,060 shares during the period. 64.33% of the stock is owned by institutional investors.
Shares of Coca-Cola Co. (NYSE:KO) traded up 0.58% during midday trading on Wednesday, hitting $41.78. The company had a trading volume of 12,216,588 shares. The firm’s 50-day moving average is $42.67 and its 200-day moving average is $44.42. Coca-Cola Co. has a 12-month low of $40.75 and a 12-month high of $47.13. The firm has a market capitalization of $180.32 billion, a P/E ratio of 24.04 and a beta of 0.59.
Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $11.50 billion for the quarter, compared to analysts’ expectations of $11.69 billion. Coca-Cola had a return on equity of 32.78% and a net margin of 17.61%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.63 earnings per share. On average, analysts predict that Coca-Cola Co. will post $1.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.35%. The ex-dividend date was Tuesday, September 13th. Coca-Cola’s dividend payout ratio is 80.46%.
Several equities research analysts recently weighed in on the stock. Susquehanna reaffirmed a “hold” rating on shares of Coca-Cola in a report on Sunday, July 17th. Goldman Sachs Group Inc. set a $46.00 price objective on shares of Coca-Cola and gave the stock a “neutral” rating in a report on Tuesday, July 12th. SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Coca-Cola in a report on Sunday, July 31st. Zacks Investment Research downgraded shares of Coca-Cola from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Finally, Vetr raised shares of Coca-Cola from a “buy” rating to a “strong-buy” rating and set a $49.32 price objective for the company in a report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Coca-Cola presently has a consensus rating of “Hold” and a consensus price target of $46.48.
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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