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Institutional investors increased Coca-Cola's stake in Q2, with strong earnings and a buy rating.
Institutional investors increased their stakes in The Coca-Cola Company during the second quarter, with WealthPlan Investment Management LLC raising its position by 121.4% and Riverbend Wealth Management LLC by 33.9%.
The company reported $0.55 earnings per share and $11.4 billion in revenue for the quarter, with a 25.89% net margin and 44.91% return on equity.
Coca-Cola announced a quarterly dividend of $0.51, yielding 3.0%, and maintains a consensus "Buy" rating with a target price of $76.69.
The stock trades near its 52-week range of $60.62 to $74.38, with a market cap of $290.67 billion and a low beta of 0.43. Insider Nikolaos Koumettis reduced his stake by 15.15% in August.
Los inversores institucionales aumentaron la participación de Coca-Cola en el segundo trimestre con fuertes ganancias y una calificación de compra.