Bradley Foster & Sargent Inc. CT Has $17.78 Million Holdings in The Coca-Cola Co (NYSE:KO)

Bradley Foster & Sargent Inc. CT lowered its stake in shares of The Coca-Cola Co (NYSE:KO) by 3.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 395,022 shares of the company’s stock after selling 13,340 shares during the period. Bradley Foster & Sargent Inc. CT owned approximately 9,271.36% of The Coca-Cola worth $17,780,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its position in shares of The Coca-Cola by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares during the last quarter. Legacy Advisors LLC acquired a new position in The Coca-Cola in the third quarter worth about $139,000. Almanack Investment Partners LLC. acquired a new position in The Coca-Cola in the second quarter worth about $142,000. Perkins Coie Trust Co raised its position in The Coca-Cola by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after purchasing an additional 572 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. raised its position in The Coca-Cola by 102.2% in the third quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock worth $143,000 after purchasing an additional 1,610 shares in the last quarter. 65.35% of the stock is owned by institutional investors and hedge funds.

In other news, insider Robert Edward Long sold 15,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the sale, the insider now directly owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The disclosure for this sale can be found here. Insiders have sold 460,649 shares of company stock worth $21,379,611 over the last three months. 1.51% of the stock is owned by insiders.

KO has been the subject of several recent research reports. Bank of America reissued a “buy” rating and issued a $52.00 price target (up previously from $50.00) on shares of The Coca-Cola in a research report on Monday, October 9th. Vetr lowered shares of The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $45.35 price target for the company. in a research report on Monday, October 9th. Jefferies Group set a $47.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, October 13th. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Monday, October 16th. Finally, Susquehanna Bancshares set a $42.00 price target on shares of The Coca-Cola and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Two research 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 stock currently has a consensus rating of “Hold” and an average price target of $49.01.

Shares of The Coca-Cola Co (KO) opened at $46.73 on Friday. The Coca-Cola Co has a fifty-two week low of $40.22 and a fifty-two week high of $48.62. 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 firm has a market cap of $199,100.00, a P/E ratio of 44.50, a PEG ratio of 3.80 and a beta of 0.70.

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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.

Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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