Barr E S & Co. Has $18.23 Million Stake in The Coca-Cola Co (NYSE:KO)

Barr E S & Co. reduced its position in The Coca-Cola Co (NYSE:KO) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,050 shares of the company’s stock after selling 27,229 shares during the period. The Coca-Cola accounts for about 1.9% of Barr E S & Co.’s investment portfolio, making the stock its 20th biggest position. Barr E S & Co.’s holdings in The Coca-Cola were worth $18,231,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH raised its holdings in shares of The Coca-Cola by 13.1% in the second quarter. Trust Co. of Toledo NA OH now owns 122,652 shares of the company’s stock worth $5,501,000 after buying an additional 14,245 shares during the period. National Pension Service raised its holdings in shares of The Coca-Cola by 10.7% in the second quarter. National Pension Service now owns 2,952,773 shares of the company’s stock worth $132,373,000 after buying an additional 284,666 shares during the period. Franklin Street Advisors Inc. NC raised its holdings in shares of The Coca-Cola by 410.3% in the second quarter. Franklin Street Advisors Inc. NC now owns 199,097 shares of the company’s stock worth $8,930,000 after buying an additional 160,083 shares during the period. Iowa State Bank raised its holdings in shares of The Coca-Cola by 2.1% in the second quarter. Iowa State Bank now owns 5,400 shares of the company’s stock worth $242,000 after buying an additional 113 shares during the period. Finally, Mascoma Wealth Management LLC raised its holdings in shares of The Coca-Cola by 18.2% in the second quarter. Mascoma Wealth Management LLC now owns 8,942 shares of the company’s stock worth $401,000 after buying an additional 1,376 shares during the period. Institutional investors own 65.34% of the company’s stock.

In other news, insider Ed Hays sold 84,400 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total transaction of $4,009,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were 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. Insiders have sold a total of 122,640 shares of company stock valued at $5,800,776 in the last quarter. Company insiders own 1.51% of the company’s stock.

The Coca-Cola Co (KO) opened at $43.97 on Tuesday. The stock has a market capitalization of $187,340.00, a price-to-earnings ratio of 41.88, a P/E/G ratio of 3.48 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The Coca-Cola Co has a 52 week low of $40.22 and a 52 week high of $48.62.

Several equities research analysts have recently weighed in on the company. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price target on The Coca-Cola and gave the stock a “hold” rating in a report on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective on the stock in a research note on Monday, December 11th. Finally, Morgan Stanley set a $48.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $49.01.

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About The Coca-Cola

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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