Bridgeworth LLC cut its holdings in shares of The Coca-Cola Co (NYSE:KO) by 79.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,335 shares of the company’s stock after selling 20,398 shares during the quarter. Bridgeworth LLC’s holdings in The Coca-Cola were worth $241,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in The Coca-Cola by 1.8% during the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after acquiring an additional 4,818,963 shares during the last quarter. BlackRock Inc. boosted its position in shares of The Coca-Cola by 0.3% during the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock valued at $10,839,247,000 after buying an additional 750,257 shares during the period. Capital World Investors boosted its position in shares of The Coca-Cola by 8.9% during the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after buying an additional 11,593,679 shares during the period. Northern Trust Corp boosted its position in shares of The Coca-Cola by 4.5% during the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock valued at $2,276,647,000 after buying an additional 2,167,225 shares during the period. Finally, Capital International Investors boosted its holdings in shares of The Coca-Cola by 1.0% in the second quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock valued at $1,699,722,000 after purchasing an additional 383,733 shares during the period. 65.34% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on KO. Susquehanna Bancshares set a $41.00 price target on The Coca-Cola and gave the company a “hold” rating in a report on Wednesday, November 15th. Goldman Sachs Group set a $45.00 target price on The Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, November 15th. JPMorgan Chase & Co. set a $49.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, November 16th. Wells Fargo & Co raised The Coca-Cola from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $46.72 to $51.00 in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada set a $49.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research report on Sunday, November 12th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The Coca-Cola has a consensus rating of “Hold” and an average target price of $49.01.
In other The Coca-Cola news, insider Ed Hays sold 84,400 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at approximately $5,713,185.40. The disclosure for this sale can be found here. Insiders sold a total of 122,640 shares of company stock valued at $5,800,776 in the last quarter. 1.51% of the stock is owned by insiders.
Shares of The Coca-Cola Co (KO) opened at $44.10 on Thursday. The Coca-Cola Co has a 1-year low of $40.22 and a 1-year high of $48.62. 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 firm has a market cap of $187,900.00, a P/E ratio of 42.00, a P/E/G ratio of 3.54 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.
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