First Nebraska Trust Co Buys 72,600 Shares of Coca-Cola Company (The)

Financial news outlet MarketBeat reported that First Nebraska Trust Co has acquired a new position in Coca-Cola Company (The) (NYSE:KO - Free Report). The company purchased 72,600 shares of KO stock in the first quarter, valued at approximately $5.52 million.

This is not an isolated incident; several other institutional investors have also modified their holdings of KO. Foguth Wealth Management LLC boosted its position by 1.7% during the same period, while Financial Solutions Advisory Group Inc. acquired a new stake in the company worth around $330,000.

Coca-Cola's quarterly earnings data was released on July 28th, with the company reporting adjusted earnings of $0.97 per share, exceeding analysts' consensus estimates of $0.93. Revenue increased 6.2% year over year to $13.37 billion, topping the estimated $13.17 billion.

The company also raised its full-year guidance to $3.27-$3.30 EPS and declared a quarterly dividend of $0.53 per share, representing an approximately 2.4% yield at recent prices.