Convergence Investment Partners LLC Boosts Stake in The Coca-Cola Company

Convergence Investment Partners LLC has significantly increased its holdings in The Coca-Cola Company (KO), purchasing an additional 15,549 shares during the second quarter. This brings their total stake to 20,092 shares valued at $1,633,000.

This is not the only institutional investor that has been increasing its holdings in KO. Anfield Capital Management LLC, for example, lifted its stakes by 438.8% in the fourth quarter and now owns 361 shares worth $25,000.

The Coca-Cola Company's recent quarterly earnings results exceeded expectations, with earnings and revenue above consensus. Revenue growth was 6.2% year over year, and analysts are forecasting 3.29 EPS for the current year.