Robshaw & Julian Associates Inc. Has $1,337,000 Position in Coca-Cola Co. (KO)
Robshaw & Julian Associates Inc. maintained its stake in Coca-Cola Co. (NYSE:KO) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 29,500 shares of the company’s stock at the end of the second quarter. Robshaw & Julian Associates Inc.’s holdings in Coca-Cola were worth $1,337,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of KO. Emerald Acquisition Ltd. acquired a new position in shares of Coca-Cola during the second quarter valued at about $233,278,000. Canada Pension Plan Investment Board boosted its position in shares of Coca-Cola by 1,282.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,442,458 shares of the company’s stock valued at $206,086,000 after buying an additional 4,121,188 shares during the period. Bank of Montreal Can acquired a new position in shares of Coca-Cola during the second quarter valued at about $129,397,000. TIAA CREF Investment Management LLC boosted 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 valued at $1,083,142,000 after buying an additional 2,475,256 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Coca-Cola by 49.5% in the second quarter. Acadian Asset Management LLC now owns 6,583,264 shares of the company’s stock valued at $298,418,000 after buying an additional 2,180,803 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.
Coca-Cola Co. (NYSE:KO) traded up 1.01% during midday trading on Thursday, hitting $42.96. 9,234,943 shares of the stock were exchanged. The firm has a 50 day moving average of $43.35 and a 200-day moving average of $44.73. The stock has a market cap of $185.42 billion, a price-to-earnings ratio of 24.72 and a beta of 0.57. Coca-Cola Co. has a 12-month low of $38.51 and a 12-month high of $47.13.
Coca-Cola (NYSE:KO) last announced 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. The business earned $11.50 billion during 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 quarter last year, the firm posted $0.63 EPS. On average, equities analysts expect 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 annualized dividend and a yield of 3.26%. Coca-Cola’s dividend payout ratio (DPR) is currently 80.46%.
A number of research firms have weighed in on KO. Zacks Investment Research raised shares of Coca-Cola from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Independent Research GmbH set a $38.00 price objective on shares of Coca-Cola and gave the company a “sell” rating in a report on Monday, August 1st. Vetr cut 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 report on Thursday, September 15th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Coca-Cola in a report on Sunday, July 24th. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Coca-Cola in a report on Sunday, July 31st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Coca-Cola presently has a consensus rating of “Hold” and a consensus target price of $46.75.
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.
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Co. (NYSE:KO).
Receive News & Ratings for Coca-Cola Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Co. and related companies with MarketBeat.com's FREE daily email newsletter.