XML Financial LLC Has $1.19 Million Stock Position in The Coca-Cola Company (NYSE:KO)

XML Financial LLC boosted its holdings in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 83.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,192 shares of the company’s stock after buying an additional 9,617 shares during the period. XML Financial LLC’s holdings in Coca-Cola were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. FMR LLC raised its stake in shares of Coca-Cola by 20.0% during the 2nd quarter. FMR LLC now owns 99,695,103 shares of the company’s stock worth $6,271,819,000 after purchasing an additional 16,606,701 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Coca-Cola by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 51,570,921 shares of the company’s stock valued at $3,197,397,000 after buying an additional 1,301,902 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Coca-Cola by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 32,204,611 shares of the company’s stock valued at $2,025,996,000 after buying an additional 913,170 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Coca-Cola by 3.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 24,102,773 shares of the company’s stock valued at $1,516,305,000 after buying an additional 880,486 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Coca-Cola by 0.5% during the 2nd quarter. Swiss National Bank now owns 17,866,294 shares of the company’s stock valued at $1,123,969,000 after buying an additional 93,100 shares during the last quarter. 68.74% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Stock Performance

Shares of NYSE KO opened at $60.55 on Wednesday. The company has a market cap of $261.85 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.80 and a beta of 0.57. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.45. The Coca-Cola Company has a 12 month low of $54.01 and a 12 month high of $67.20. The business’s 50 day moving average is $62.61 and its two-hundred day moving average is $61.26.

Coca-Cola (NYSE:KOGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Coca-Cola had a return on equity of 42.75% and a net margin of 23.44%. On average, equities analysts expect that The Coca-Cola Company will post 2.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. UBS Group lifted their price target on Coca-Cola from $63.00 to $68.00 in a report on Wednesday, October 26th. Morgan Stanley reduced their price target on Coca-Cola from $74.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday, October 4th. Evercore ISI cut their price objective on Coca-Cola to $68.00 in a research note on Thursday, October 20th. Jefferies Financial Group cut their price objective on Coca-Cola from $66.00 to $59.00 and set a “hold” rating on the stock in a research note on Tuesday, October 11th. Finally, Barclays raised their price objective on Coca-Cola from $62.00 to $67.00 in a research note on Wednesday, October 26th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.90.

Insider Activity

In other news, insider Brian John Smith sold 126,972 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $62.07, for a total transaction of $7,881,152.04. Following the sale, the insider now directly owns 116,168 shares in the company, valued at $7,210,547.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Nancy Quan sold 13,746 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $61.12, for a total value of $840,155.52. Following the completion of the sale, the senior vice president now owns 184,710 shares in the company, valued at $11,289,475.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian John Smith sold 126,972 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $62.07, for a total value of $7,881,152.04. Following the completion of the sale, the insider now owns 116,168 shares of the company’s stock, valued at $7,210,547.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 276,986 shares of company stock worth $17,218,050. Company insiders own 0.98% of the company’s stock.

About Coca-Cola

(Get Rating)

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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