Camarda Financial Buys $3.9M Worth of CocaCola Stock
Camarda Financial Advisors LLC has acquired a new position in Coca-Cola Company (The) $KO, buying 48,469 shares of its stock valued at approximately $3,939,000. This investment makes up about 1.2% of the fund's portfolio.
This is not an isolated instance, as several other institutional investors have also recently added to or reduced their stakes in the business. Anfield Capital Management LLC boosted its stake in Coca-Cola by 438.8% during the fourth quarter, while Louisbourg Investments Inc. bought a new stake in the company.
Coca-Cola has been performing well, with revenue up 6.2% year over year and earnings per share of $0.97 exceeding consensus estimates by $0.04. Analysts have also been upgrading their ratings on the stock, with Royal Bank Of Canada raising its target price from $87.00 to $96.00.