Sunbelt Securities Inc. acquired a new position in The Coca-Cola Co (NYSE:KO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,803 shares of the company’s stock, valued at approximately $846,000. The Coca-Cola accounts for 0.9% of Sunbelt Securities Inc.’s investment portfolio, making the stock its 27th largest position. Sunbelt Securities Inc. owned about 441.32% of The Coca-Cola at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Cambridge Advisors Inc. grew its holdings in The Coca-Cola by 0.3% during the 2nd quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock valued at $365,000 after buying an additional 26 shares in the last quarter. Lyell Wealth Management LP grew its holdings in The Coca-Cola by 0.6% during the 2nd quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock valued at $359,000 after buying an additional 50 shares in the last quarter. Regentatlantic Capital LLC grew its holdings in The Coca-Cola by 0.4% during the 2nd quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock valued at $710,000 after buying an additional 64 shares in the last quarter. Vigilant Capital Management LLC grew its holdings in The Coca-Cola by 1.9% during the 2nd quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after buying an additional 68 shares in the last quarter. Finally, Atlantic Trust LLC grew its holdings in The Coca-Cola by 1.4% during the 2nd quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock valued at $283,000 after buying an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 65.35% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Susquehanna Bancshares set a $41.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a report on Wednesday, November 15th. Goldman Sachs Group set a $45.00 price objective on shares of The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, November 15th. JPMorgan Chase & Co. set a $49.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, November 16th. Wells Fargo & Co raised shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Finally, Royal Bank of Canada set a $49.00 target price on The Coca-Cola and gave the company a “buy” rating in a research report on Sunday, November 12th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.01.
Shares of The Coca-Cola Co (KO) traded down $0.71 on Friday, reaching $46.73. The company had a trading volume of 12,910,000 shares, compared to its average volume of 10,800,000. The Coca-Cola Co has a 12 month low of $40.22 and a 12 month high of $48.62. The company has a market capitalization of $199,100.00, a P/E ratio of 44.50, a PEG ratio of 3.80 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.
In other news, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the transaction, the insider now owns 24,673 shares in the company, valued at $1,183,070.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ed Hays sold 84,400 shares of the firm’s stock in a transaction on 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 have sold 460,649 shares of company stock valued at $21,379,611. Corporate insiders own 1.51% of the company’s stock.
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The Coca-Cola Company 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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