Cambiar Investors LLC decreased its holdings in shares of The Coca-Cola Co (NYSE:KO) by 11.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,271,753 shares of the company’s stock after selling 164,806 shares during the period. Cambiar Investors LLC’s holdings in The Coca-Cola were worth $57,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. increased its stake in shares of The Coca-Cola by 59.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after acquiring an additional 1,026 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of The Coca-Cola in the 3rd quarter worth $139,000. Almanack Investment Partners LLC. acquired a new stake in shares of The Coca-Cola in the 2nd quarter worth $142,000. Perkins Coie Trust Co increased its stake in shares of The Coca-Cola by 21.9% in the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after acquiring an additional 572 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. increased its stake in shares of The Coca-Cola by 102.2% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock worth $143,000 after acquiring an additional 1,610 shares during the last quarter. Hedge funds and other institutional investors own 65.39% of the company’s stock.
The Coca-Cola Co (NYSE:KO) traded down $0.22 during trading on Tuesday, hitting $44.67. The company had a trading volume of 25,158,051 shares, compared to its average volume of 13,119,656. 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 12-month low of $40.22 and a 12-month high of $48.62. The stock has a market capitalization of $186,400.00, a P/E ratio of 42.54, a PEG ratio of 3.75 and a beta of 0.70.
A number of analysts recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating and set a $49.00 price objective on shares of The Coca-Cola in a research report on Friday, December 22nd. Goldman Sachs Group set a $49.00 target price on The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Monday, October 16th. Jefferies Group set a $47.00 target price on The Coca-Cola and gave the company a “neutral” rating in a report on Friday, October 13th. Finally, Vetr cut The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $45.35 target price for the company. in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $49.01.
In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Edward Long sold 15,000 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total value of $719,250.00. Following the sale, the insider now owns 24,673 shares in the company, valued at $1,183,070.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 460,649 shares of company stock worth $21,379,611. Company insiders own 1.51% of the company’s stock.
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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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