The Coca-Cola Company (NYSE:KO) Holdings Boosted by Consolidated Planning Corp

Consolidated Planning Corp grew its stake in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 286.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,560 shares of the company’s stock after purchasing an additional 84,882 shares during the period. Coca-Cola makes up about 2.0% of Consolidated Planning Corp’s holdings, making the stock its 10th largest position. Consolidated Planning Corp’s holdings in Coca-Cola were worth $6,418,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Chevy Chase Trust Holdings LLC boosted its position in shares of Coca-Cola by 0.8% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 2,510,442 shares of the company’s stock worth $140,636,000 after purchasing an additional 20,052 shares in the last quarter. TRUE Private Wealth Advisors raised its stake in shares of Coca-Cola by 23.4% during the 3rd quarter. TRUE Private Wealth Advisors now owns 20,104 shares of the company’s stock worth $1,126,000 after buying an additional 3,808 shares during the last quarter. Total Clarity Wealth Management Inc. raised its stake in shares of Coca-Cola by 24.1% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 3,754 shares of the company’s stock worth $210,000 after buying an additional 728 shares during the last quarter. XML Financial LLC raised its stake in shares of Coca-Cola by 83.1% during the 3rd quarter. XML Financial LLC now owns 21,192 shares of the company’s stock worth $1,187,000 after buying an additional 9,617 shares during the last quarter. Finally, GW Henssler & Associates Ltd. raised its stake in shares of Coca-Cola by 0.7% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 286,045 shares of the company’s stock worth $16,024,000 after buying an additional 2,066 shares during the last quarter. 68.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KO has been the subject of several research reports. Evercore ISI cut their price target on Coca-Cola to $68.00 in a research note on Thursday, October 20th. Credit Suisse Group set a $64.00 target price on shares of Coca-Cola in a research note on Friday, December 9th. Jefferies Financial Group cut their target price on shares of Coca-Cola from $66.00 to $59.00 and set a “hold” rating for the company in a research note on Tuesday, October 11th. StockNews.com raised shares of Coca-Cola from a “hold” rating to a “buy” rating in a research note on Wednesday, January 11th. Finally, Wedbush assumed coverage on shares of Coca-Cola in a research note on Monday, October 10th. They issued an “outperform” rating and a $63.00 target price for the company. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.90.

Insider Transactions at Coca-Cola

In other news, Director Herbert A. Allen III bought 33,200 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was acquired at an average price of $60.18 per share, for a total transaction of $1,997,976.00. Following the acquisition, the director now owns 99,054 shares of the company’s stock, valued at $5,961,069.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Coca-Cola news, SVP Nancy Quan sold 13,746 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 184,710 shares in the company, valued at approximately $11,289,475.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Herbert A. Allen III purchased 33,200 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was bought at an average price of $60.18 per share, with a total value of $1,997,976.00. Following the acquisition, the director now owns 99,054 shares in the company, valued at $5,961,069.72. The disclosure for this purchase can be found here. In the last quarter, insiders sold 276,986 shares of company stock worth $17,218,050. 0.98% of the stock is currently owned by company insiders.

Coca-Cola Stock Down 0.3 %

Shares of NYSE:KO opened at $60.35 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.95 and a current ratio of 1.13. The Coca-Cola Company has a 1 year low of $54.01 and a 1 year high of $67.20. The stock has a market capitalization of $260.98 billion, a P/E ratio of 26.44, a PEG ratio of 3.80 and a beta of 0.57. The stock has a 50-day simple moving average of $62.61 and a 200-day simple moving average of $61.26.

Coca-Cola (NYSE:KO – Get Rating) last issued its earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Coca-Cola had a return on equity of 42.75% and a net margin of 23.44%. The business had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Equities analysts forecast that The Coca-Cola Company will post 2.48 earnings per share for the current year.

Coca-Cola Company Profile

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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.