Coca-Cola Sees Continued Demand from Institutional Investors
Core Capital Management & Research inc., an institutional investor, has acquired a new position in Coca-Cola Company (The) $KO. According to its most recent filing with the SEC, it bought 14,797 shares of the company's stock valued at approximately $1,203,000 during the 2nd quarter.
This is not the only notable acquisition in Coca-Cola's stock. California State Teachers Retirement System raised its position in shares by 7,365.2% in the second quarter and now owns 487,509,960 shares worth $39,619,934,000 after buying an additional 480,979,487 shares.
Coca-Cola has been performing well financially. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. Its revenue was up 6.2% compared to the same quarter last year.