Evanson Asset Management LLC Has $201,000 Stock Position in The Coca-Cola Company (NYSE:KO)

Evanson Asset Management LLC lessened its position in The Coca-Cola Company (NYSE:KO) by 5.3% in the fourth quarter, HoldingsChannel reports. The fund owned 3,235 shares of the company’s stock after selling 182 shares during the quarter. Evanson Asset Management LLC’s holdings in Coca-Cola were worth $201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted 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 acquiring an additional 329 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Coca-Cola by 4.6% during the second quarter. EverSource Wealth Advisors LLC now owns 12,992 shares of the company’s stock valued at $867,000 after buying an additional 573 shares during the last quarter. Commonwealth Financial Services LLC grew its holdings in Coca-Cola by 2.0% during the second quarter. Commonwealth Financial Services LLC now owns 12,852 shares of the company’s stock worth $809,000 after buying an additional 250 shares in the last quarter. Certified Advisory Corp raised its position in Coca-Cola by 0.5% in the 2nd quarter. Certified Advisory Corp now owns 32,965 shares of the company’s stock valued at $2,098,000 after buying an additional 173 shares during the last quarter. Finally, Harmony Asset Management LLC boosted its holdings in Coca-Cola by 11.9% during the 2nd quarter. Harmony Asset Management LLC now owns 18,984 shares of the company’s stock worth $1,208,000 after acquiring an additional 2,013 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KO shares. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Morgan Stanley reduced their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. UBS Group dropped their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. 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 shares of Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.13.

Coca-Cola Price Performance

Coca-Cola stock opened at $62.76 on Tuesday. 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 Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The firm has a market capitalization of $270.34 billion, a P/E ratio of 25.93, a PEG ratio of 3.35 and a beta of 0.61. The business has a fifty day moving average price of $62.69 and a 200-day moving average price of $66.45.

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

Insiders Place Their Bets

In other news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the transaction, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola 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.