The Coca-Cola Co (KO) Shares Sold by World Asset Management Inc

World Asset Management Inc cut its stake in shares of The Coca-Cola Co (NYSE:KO) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 260,332 shares of the company’s stock after selling 10,314 shares during the period. The Coca-Cola makes up about 0.8% of World Asset Management Inc’s portfolio, making the stock its 21st largest holding. World Asset Management Inc’s holdings in The Coca-Cola were worth $12,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of Stockton lifted its holdings in shares of The Coca-Cola by 22.3% during the 3rd quarter. Bank of Stockton now owns 10,960 shares of the company’s stock valued at $505,000 after purchasing an additional 2,000 shares during the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of The Coca-Cola by 51.9% during the 3rd quarter. Douglas Lane & Associates LLC now owns 242,782 shares of the company’s stock valued at $11,214,000 after purchasing an additional 82,944 shares during the last quarter. O Brien Wealth Partners LLC lifted its holdings in shares of The Coca-Cola by 2,173.3% during the 3rd quarter. O Brien Wealth Partners LLC now owns 3,410 shares of the company’s stock valued at $158,000 after purchasing an additional 3,260 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of The Coca-Cola during the 3rd quarter valued at $342,000. Finally, BKD Wealth Advisors LLC lifted its holdings in shares of The Coca-Cola by 2.4% during the 3rd quarter. BKD Wealth Advisors LLC now owns 58,312 shares of the company’s stock valued at $2,693,000 after purchasing an additional 1,381 shares during the last quarter. 65.54% of the stock is currently owned by hedge funds and other institutional investors.

KO has been the subject of several analyst reports. Morgan Stanley set a $50.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a report on Monday, October 15th. Macquarie set a $47.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a report on Wednesday, October 17th. Jefferies Financial Group restated a “neutral” rating and issued a $48.00 target price on shares of The Coca-Cola in a research note on Wednesday, October 17th. Royal Bank of Canada restated a “buy” rating and issued a $56.00 target price on shares of The Coca-Cola in a research note on Wednesday, October 17th. Finally, Wells Fargo & Co restated a “buy” rating and issued a $52.00 target price on shares of The Coca-Cola in a research note on Wednesday, October 17th. Fourteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.64.

KO stock traded down $0.12 during midday trading on Wednesday, reaching $49.14. The stock had a trading volume of 1,659,027 shares, compared to its average volume of 13,618,434. The firm has a market capitalization of $210.10 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 3.02 and a beta of 0.53. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 0.98. The Coca-Cola Co has a 52-week low of $41.45 and a 52-week high of $50.84.

In other The Coca-Cola news, insider James L. Dinkins sold 9,150 shares of the stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $49.95, for a total transaction of $457,042.50. Following the sale, the insider now directly owns 30,400 shares of the company’s stock, valued at approximately $1,518,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $49.98, for a total value of $499,800.00. Following the sale, the senior vice president now directly owns 92,645 shares in the company, valued at $4,630,397.10. The disclosure for this sale can be found here. Insiders have sold a total of 229,930 shares of company stock worth $11,422,909 over the last ninety days. 1.48% of the stock is owned by insiders.

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The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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