XML Financial LLC Has $1.61 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

XML Financial LLC increased its stake in shares of The Coca-Cola Company (NYSE:KO) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,860 shares of the company’s stock after buying an additional 1,146 shares during the period. XML Financial LLC’s holdings in Coca-Cola were worth $1,610,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its position in Coca-Cola by 9.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,653 shares of the company’s stock valued at $233,000 after buying an additional 329 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Coca-Cola by 4.6% in the second quarter. EverSource Wealth Advisors LLC now owns 12,992 shares of the company’s stock valued at $867,000 after acquiring an additional 573 shares during the last quarter. Public Sector Pension Investment Board increased its position in Coca-Cola by 105.8% in the second quarter. Public Sector Pension Investment Board now owns 120,309 shares of the company’s stock worth $7,658,000 after purchasing an additional 61,848 shares during the period. Evergreen Capital Management LLC raised its holdings in Coca-Cola by 14.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 39,992 shares of the company’s stock worth $2,565,000 after purchasing an additional 4,999 shares during the last quarter. Finally, Providence Capital Advisors LLC lifted its position in Coca-Cola by 1.3% during the 2nd quarter. Providence Capital Advisors LLC now owns 43,807 shares of the company’s stock valued at $2,788,000 after purchasing an additional 544 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In related news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the transaction, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group dropped their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Morgan Stanley dropped their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and increased their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Wells Fargo & Company decreased their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.13.

Coca-Cola Trading Down 0.5 %

Shares of Coca-Cola stock opened at $62.39 on Wednesday. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The business’s 50 day moving average is $62.67 and its 200-day moving average is $66.45. The stock has a market cap of $268.76 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.43 and a beta of 0.61.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 earnings per share. Equities research analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.