Heritage Trust Co lowered its stake in The Coca-Cola Co (NYSE:KO) by 13.7% during the third quarter, Holdings Channel reports. The fund owned 127,811 shares of the company’s stock after selling 20,294 shares during the period. The Coca-Cola accounts for approximately 2.1% of Heritage Trust Co’s holdings, making the stock its 7th largest holding. Heritage Trust Co’s holdings in The Coca-Cola were worth $5,752,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KO. Veritas Investment Management LLP bought a new position in The Coca-Cola during the third quarter worth about $135,000. Spectrum Management Group Inc. bought a new position in The Coca-Cola during the third quarter worth about $137,000. Eagle Ridge Investment Management bought a new position in The Coca-Cola during the second quarter worth about $138,000. Legacy Advisors LLC bought a new position in The Coca-Cola during the third quarter worth about $139,000. Finally, Almanack Investment Partners LLC. bought a new position in The Coca-Cola during the second quarter worth about $142,000. 65.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Coca-Cola Co (KO) opened at $44.56 on Thursday. The Coca-Cola Co has a 1-year low of $40.22 and a 1-year high of $48.62. The stock has a market capitalization of $190,323.98, a P/E ratio of 23.64, a PEG ratio of 3.60 and a beta of 0.70. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47.

In other news, CFO Kathy N. Waller sold 23,240 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the completion of the sale, the chief financial officer now directly owns 123,796 shares in the company, valued at $5,713,185.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert Edward Long sold 15,000 shares of The Coca-Cola stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the sale, the insider now owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,640 shares of company stock valued at $5,800,776. Corporate insiders own 1.51% of the company’s stock.

A number of equities analysts recently commented on KO shares. Jefferies Group set a $47.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a report on Friday, October 13th. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Monday, October 16th. Susquehanna Bancshares set a $42.00 price target on The Coca-Cola and gave the stock a “hold” rating in a report on Wednesday, October 18th. JPMorgan Chase & Co. set a $48.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Morgan Stanley set a $48.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price 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.

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

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