The Coca-Cola Co (KO) Shares Sold by Heritage Trust Co
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.
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.
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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