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Ballentine Partners increases Coca-Cola stake as the company beats earnings expectations.
Ballentine Partners LLC increased its stake in Coca-Cola by 1.7%, acquiring 1,353 additional shares, totaling 83,325 shares worth $5.97 million.
Coca-Cola reported earnings of $0.73 per share, beating expectations by $0.02, with revenue of $11.13 billion, slightly below forecasts.
The stock has a 50-day average of $70.90 and a 200-day average of $68.82.
Institutional investors hold 70.26% of the company's stock.
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Ballentine Partners aumenta su participación en Coca-Cola a medida que la compañía supera las expectativas de ganancias.