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Coca-Cola's Q2 earnings beat expectations, with strong margins and a buy-rated stock.
Keystone Financial Planning Inc. reduced its stake in Coca-Cola by 881 shares in Q2, holding 36,196 shares valued at $2.56 million, while AG2R LA Mondiale Gestion D Actifs increased its position by 1,275 shares to 227,956.
Coca-Cola reported Q2 earnings of $0.55 per share on $11.4 billion in revenue, with a 27.34% net margin and 43.62% return on equity.
The stock has a consensus "Buy" rating, a target price of $78.31, and trades at $69.74 with a 2.9% dividend yield.
Institutional ownership stands at 70.26%, and the company projects full-year earnings of $2.96 per share.
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Las ganancias de Coca-Cola en el segundo trimestre superaron las expectativas, con fuertes márgenes y acciones con calificación de compra.