Erste Asset Management Buys Up Stake in Coca-Cola

Erste Asset Management GmbH has increased its stake in Coca-Cola Company (The) NYSE:KO, buying an additional 381,076 shares during the second quarter. The institutional investor now owns 1,050,768 shares of the company's stock, making Coca-Cola comprise about 0.7% of Erste Asset Management GmbH's holdings.

The value of these shares was $86,829,000 at the end of the most recent quarter, according to its most recent 13F filing with the Securities & Exchange Commission. This purchase represents a 56.9% increase in Coca-Cola holdings for Erste Asset Management GmbH.

Coca-Cola had reported quarterly earnings results on Tuesday, July 28th, beating the consensus estimate of $0.93 by $0.04 with $0.97 earnings per share. The company also announced a quarterly dividend, which will be paid on Thursday, October 1st to stockholders of record on Tuesday, September 15th.