Salem Investment Counselors Inc. Sells 1,734 Shares of The Coca-Cola Co (KO)

Salem Investment Counselors Inc. decreased its position in The Coca-Cola Co (NYSE:KO) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,418 shares of the company’s stock after selling 1,734 shares during the quarter. Salem Investment Counselors Inc.’s holdings in The Coca-Cola were worth $6,000,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Atlantic Trust LLC grew its position in shares of The Coca-Cola by 1.4% during the second quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock worth $283,000 after buying an additional 89 shares in the last quarter. Noesis Capital Mangement Corp grew its position in shares of The Coca-Cola by 1.0% during the second quarter. Noesis Capital Mangement Corp now owns 8,680 shares of the company’s stock worth $389,000 after buying an additional 90 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of The Coca-Cola by 0.6% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 16,963 shares of the company’s stock worth $753,000 after buying an additional 95 shares in the last quarter. Financial Advisory Service Inc. grew its position in shares of The Coca-Cola by 0.4% during the second quarter. Financial Advisory Service Inc. now owns 26,389 shares of the company’s stock worth $1,184,000 after buying an additional 100 shares in the last quarter. Finally, Pacific Center for Financial Services grew its position in shares of The Coca-Cola by 1.4% during the second quarter. Pacific Center for Financial Services now owns 7,422 shares of the company’s stock worth $333,000 after buying an additional 100 shares in the last quarter. 65.34% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the stock. Goldman Sachs Group set a $45.00 price target on shares of The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price objective on The Coca-Cola and gave the stock a “hold” rating in a research note 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 upgraded 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 research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company. The Coca-Cola presently has an average rating of “Hold” and an average price target of $49.01.

In related news, insider Ed Hays sold 84,400 shares of The Coca-Cola 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 document filed with the SEC, which is available through this hyperlink. Also, insider Robert Edward Long sold 15,000 shares of The Coca-Cola 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 transaction, the insider now directly 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 ninety days, insiders have sold 122,640 shares of company stock worth $5,800,776. 1.51% of the stock is owned by corporate insiders.

The Coca-Cola Co (NYSE KO) opened at $44.19 on Wednesday. The stock has a market capitalization of $187,341.53, a PE ratio of 23.26, a P/E/G ratio of 3.54 and a beta of 0.70. 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 current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47.

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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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