LongView Wealth Management Has $3.06 Million Stock Position in The Coca-Cola Company (NYSE:KO)

LongView Wealth Management boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 49,182 shares of the company’s stock after buying an additional 5,809 shares during the quarter. Coca-Cola accounts for 0.9% of LongView Wealth Management’s investment portfolio, making the stock its 29th biggest position. LongView Wealth Management’s holdings in Coca-Cola were worth $3,062,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KO. Quarry LP bought a new stake in shares of Coca-Cola in the 2nd quarter valued at about $27,000. Hara Capital LLC bought a new stake in Coca-Cola in the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Coca-Cola during the 3rd quarter worth approximately $36,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Coca-Cola in the third quarter valued at $43,000. Finally, ORG Wealth Partners LLC bought a new position in Coca-Cola in the 3rd quarter valued at about $58,000. 70.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Barclays dropped their target price on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday. Wells Fargo & Company decreased their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Morgan Stanley decreased their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.13.

Coca-Cola Price Performance

KO stock opened at $62.76 on Friday. The stock has a market cap of $270.34 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 3.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The company has a 50 day simple moving average of $62.71 and a 200 day simple moving average of $66.41. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53.

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

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.97% of the company’s stock.

About Coca-Cola

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.