Greenwood Capital Associates LLC lessened its stake in shares of The Coca-Cola Co (NYSE:KO) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 86,649 shares of the company’s stock after selling 2,367 shares during the period. Greenwood Capital Associates LLC owned approximately 2,033.69% of The Coca-Cola worth $3,900,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in KO. Janus Henderson Group PLC grew its position in The Coca-Cola by 1,117.2% in the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after acquiring an additional 12,243,387 shares during the last quarter. Capital World Investors grew its position in shares of The Coca-Cola by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after buying an additional 11,593,679 shares in the last quarter. Troy Asset Management Ltd bought a new position in shares of The Coca-Cola during the 3rd quarter worth $260,266,000. Vanguard Group Inc. grew its position in shares of The Coca-Cola by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after buying an additional 4,818,963 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of The Coca-Cola by 69.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock worth $405,847,000 after buying an additional 3,700,700 shares in the last quarter. 65.35% of the stock is currently owned by institutional investors.
In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $47.95, for a total value of $719,250.00. Following the completion of the sale, the insider now directly owns 24,673 shares in the company, valued at $1,183,070.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ed Hays sold 84,400 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 460,649 shares of company stock valued at $21,379,611. 1.51% of the stock is currently owned by company insiders.
A number of equities analysts have recently issued reports on the company. Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $46.04 to $55.00 in a research report on Friday, January 12th. Goldman Sachs Group set a $49.00 price target on The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, January 10th. Vetr downgraded The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 price target on the stock. in a research report on Monday, January 8th. Jefferies Group set a $50.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, January 4th. Finally, Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The Coca-Cola currently has a consensus rating of “Hold” and an average target price of $49.01.
The Coca-Cola Co (KO) traded down $0.72 during trading on Friday, reaching $46.73. The company’s stock had a trading volume of 12,773,979 shares, compared to its average volume of 10,800,000. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The Coca-Cola Co has a 52 week low of $40.22 and a 52 week high of $48.62. The stock has a market capitalization of $199,100.00, a PE ratio of 44.50, a PEG ratio of 3.80 and a beta of 0.70.
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The Coca-Cola Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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