Coca-Cola Sees Major Institutional Investor Boost
Baldwin Investment Management LLC increased its holding in Coca-Cola Company by 127.6% during the second quarter, acquiring an additional 16,235 shares of the company's stock.
The fund now owns 28,955 shares of the company's stock worth $2,353,000 at the end of the most recent quarter, according to its Form 13F filing with the Securities & Exchange Commission.
This is not an isolated instance, as several other institutional investors have also modified their holdings in Coca-Cola. Everpar Advisors LLC grew its position in Coca-Cola by 0.9% during the second quarter and now owns 14,504 shares of the company's stock worth $1,179,000.
Coca-Cola reported earnings per share of $0.97 for the quarter, beating analysts' expectations of $0.93. The company also declared a quarterly dividend of $0.53 per share, which will be paid on Thursday, October 1st to shareholders of record on Tuesday, September 15th.