Capital Bank & Trust Co cut its holdings in The Coca-Cola Co (NYSE:KO) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,308,437 shares of the company’s stock after selling 11,641 shares during the period. Capital Bank & Trust Co’s holdings in The Coca-Cola were worth $58,893,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Swiss National Bank grew its holdings in The Coca-Cola by 3.0% during the second quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock valued at $735,069,000 after purchasing an additional 470,700 shares during the period. Summit Financial Group Inc. bought a new position in The Coca-Cola during the second quarter valued at $2,779,000. Global X Management Co. LLC grew its holdings in The Coca-Cola by 6.0% during the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock valued at $9,966,000 after purchasing an additional 12,513 shares during the period. Amalgamated Bank grew its holdings in The Coca-Cola by 54.8% during the second quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock valued at $20,118,000 after purchasing an additional 158,741 shares during the period. Finally, Flippin Bruce & Porter Inc. grew its holdings in The Coca-Cola by 1.8% during the second quarter. Flippin Bruce & Porter Inc. now owns 98,037 shares of the company’s stock valued at $4,397,000 after purchasing an additional 1,705 shares during the period. 65.39% of the stock is owned by institutional investors.

In related news, insider Robert Edward Long sold 15,000 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total value of $719,250.00. Following the sale, the insider now owns 24,673 shares in the company, valued at $1,183,070.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction on Tuesday, January 16th. The stock was 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 owns 123,796 shares in the company, valued at approximately $5,713,185.40. The disclosure for this sale can be found here. Insiders sold 122,640 shares of company stock worth $5,800,776 in the last quarter. 1.51% of the stock is currently owned by company insiders.

Shares of The Coca-Cola Co (NYSE KO) opened at $43.13 on Friday. 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 Coca-Cola Co has a 12-month low of $40.22 and a 12-month high of $48.62. The stock has a market capitalization of $183,760.00, a price-to-earnings ratio of 41.08, a P/E/G ratio of 3.59 and a beta of 0.70.

Several equities research analysts have issued reports on the company. Goldman Sachs Group set a $45.00 target price on The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 target price on The Coca-Cola and gave the stock a “hold” rating in a research report on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Vetr upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 target price on the stock in a research report on Monday, December 11th. Finally, Morgan Stanley set a $48.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the stock. The company currently 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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