Condor Capital Management increased its position in Coca-Cola Co. (NYSE:KO) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 81,398 shares of the company’s stock after buying an additional 3 shares during the period. Coca-Cola comprises approximately 0.9% of Condor Capital Management’s holdings, making the stock its 22nd largest position. Condor Capital Management’s holdings in Coca-Cola were worth $3,690,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. First American Trust FSB boosted its position in shares of Coca-Cola by 4.3% in the first quarter. First American Trust FSB now owns 29,125 shares of the company’s stock valued at $1,351,000 after buying an additional 1,200 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Coca-Cola by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 3,579,971 shares of the company’s stock valued at $166,074,000 after buying an additional 67,239 shares during the last quarter. Community Trust & Investment Co. boosted its position in shares of Coca-Cola by 0.6% in the first quarter. Community Trust & Investment Co. now owns 65,085 shares of the company’s stock valued at $3,020,000 after buying an additional 400 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in shares of Coca-Cola by 18.7% in the first quarter. Kistler Tiffany Companies LLC now owns 27,368 shares of the company’s stock valued at $1,270,000 after buying an additional 4,320 shares during the last quarter. Finally, Rathbone Brothers plc boosted its position in shares of Coca-Cola by 12.1% in the first quarter. Rathbone Brothers plc now owns 1,274,132 shares of the company’s stock valued at $59,107,000 after buying an additional 137,443 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

Shares of Coca-Cola Co. (NYSE:KO) traded up 0.45% during trading on Wednesday, reaching $42.53. 13,645,176 shares of the company were exchanged. The stock’s 50 day moving average is $43.37 and its 200 day moving average is $44.75. Coca-Cola Co. has a 1-year low of $38.51 and a 1-year high of $47.13. The company has a market capitalization of $183.56 billion, a price-to-earnings ratio of 24.47 and a beta of 0.57.

Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, July 27th. The company reported $0.60 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 earned $11.50 billion during the quarter, compared to analysts’ expectations of $11.69 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. Equities analysts anticipate that Coca-Cola Co. will post $1.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.29%. Coca-Cola’s dividend payout ratio is currently 80.46%.

Several equities research analysts have commented on KO shares. Credit Suisse Group AG started coverage on shares of Coca-Cola in a research note on Thursday, September 15th. They issued a “neutral” rating and a $44.00 price objective for the company. Vetr lowered shares of Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.93 price objective for the company. in a research note on Thursday, September 15th. Societe Generale set a $44.00 price objective on shares of Coca-Cola and gave the company a “neutral” rating in a research note on Monday, August 8th. Susquehanna restated a “hold” rating and set a $39.00 price target on shares of Coca-Cola in a research note on Sunday, June 5th. Finally, Jefferies Group restated a “hold” rating on shares of Coca-Cola in a research note on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. Coca-Cola presently has an average rating of “Hold” and an average target price of $46.75.

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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