Capital International Ltd. CA cut its holdings in The Coca-Cola Co (NYSE:KO) by 23.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 228,583 shares of the company’s stock after selling 70,000 shares during the quarter. Capital International Ltd. CA’s holdings in The Coca-Cola were worth $10,289,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KO. Lyell Wealth Management LP grew its position in The Coca-Cola by 0.6% during the 2nd quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock valued at $359,000 after purchasing an additional 50 shares during the last quarter. Atlantic Trust LLC grew its position in The Coca-Cola by 1.4% during the 2nd quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock valued at $283,000 after purchasing an additional 89 shares during the last quarter. Noesis Capital Mangement Corp grew its position in The Coca-Cola by 1.0% during the 2nd quarter. Noesis Capital Mangement Corp now owns 8,680 shares of the company’s stock valued at $389,000 after purchasing an additional 90 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in The Coca-Cola by 0.6% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 16,963 shares of the company’s stock valued at $753,000 after purchasing an additional 95 shares during the last quarter. Finally, Financial Advisory Service Inc. grew its position in The Coca-Cola by 0.4% during the 2nd quarter. Financial Advisory Service Inc. now owns 26,389 shares of the company’s stock valued at $1,184,000 after purchasing an additional 100 shares during the last quarter. 65.39% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Kathy N. Waller sold 23,240 shares of the 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 transaction, the chief financial officer now owns 123,796 shares in the company, valued at approximately $5,713,185.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Edward Long sold 15,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the transaction, the insider now owns 24,673 shares in the company, valued at approximately $1,183,070.35. The disclosure for this sale can be found here. Insiders have sold a total of 122,640 shares of company stock worth $5,800,776 in the last 90 days. Company insiders own 1.51% of the company’s stock.

The Coca-Cola Co (NYSE KO) opened at $43.13 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The stock has a market cap of $183,760.00, a PE ratio of 41.08, a price-to-earnings-growth ratio of 3.59 and a beta of 0.70. The Coca-Cola Co has a one year low of $40.22 and a one year high of $48.62.

Several brokerages recently commented on KO. Stifel Nicolaus reissued a “hold” rating and set a $49.00 price objective on shares of The Coca-Cola in a research report on Friday, December 22nd. Goldman Sachs Group set a $49.00 price objective on shares of The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, January 10th. Jefferies Group reissued a “hold” rating and set a $47.00 price objective on shares of The Coca-Cola in a research report on Wednesday, October 25th. Morgan Stanley set a $48.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The Coca-Cola has an average rating of “Hold” and an average target price of $49.01.

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

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