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E Fund Management increased its Coca-Cola stake, while the company reported strong Q2 earnings and a dividend.
E Fund Management Co. Ltd. increased its stake in Coca-Cola by 22.1%, now owning 53,627 shares valued at $3.84 million.
Coca-Cola reported a strong second quarter with earnings of $0.87 per share, surpassing analysts' estimates of $0.83.
The company’s market cap is $304.48 billion, and its stock has a buy rating with a target price of $77.21.
Coca-Cola also announced a quarterly dividend of $2.04 annually, yielding 2.9%.
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E Fund Management aumentó su participación en Coca-Cola, mientras que la compañía reportó fuertes ganancias del segundo trimestre y un dividendo.