Alps Advisors Inc. reduced its stake in shares of The Coca-Cola Co (NYSE:KO) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,031,330 shares of the company’s stock after selling 90,541 shares during the quarter. Alps Advisors Inc.’s holdings in The Coca-Cola were worth $47,637,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in KO. Clarus Wealth Advisors acquired a new stake in The Coca-Cola during the 2nd quarter valued at approximately $101,000. WP Advisors LLC acquired a new stake in The Coca-Cola during the 2nd quarter valued at approximately $107,000. Signature Estate & Investment Advisors LLC acquired a new stake in The Coca-Cola during the 2nd quarter valued at approximately $116,000. Westbourne Investment Advisors Inc. acquired a new stake in The Coca-Cola during the 3rd quarter valued at approximately $117,000. Finally, Fort L.P. acquired a new stake in The Coca-Cola during the 2nd quarter valued at approximately $122,000. Institutional investors and hedge funds own 65.42% of the company’s stock.

In related news, VP Kathy N. Waller sold 48,354 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total transaction of $2,246,043.30. Following the completion of the transaction, the vice president now owns 200,725 shares in the company, valued at approximately $9,323,676.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Murphy sold 111,468 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $46.46, for a total value of $5,178,803.28. Following the transaction, the insider now owns 196,337 shares of the company’s stock, valued at approximately $9,121,817.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,576 shares of company stock valued at $7,835,847. Insiders own 1.48% of the company’s stock.

A number of brokerages have weighed in on KO. ValuEngine upgraded The Coca-Cola from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Goldman Sachs Group restated a “neutral” rating and set a $46.00 price objective on shares of The Coca-Cola in a research note on Thursday, October 18th. Wells Fargo & Co restated a “buy” rating and set a $52.00 price objective on shares of The Coca-Cola in a research note on Wednesday, October 17th. Royal Bank of Canada restated a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a research note on Wednesday, October 17th. Finally, Jefferies Financial Group restated a “neutral” rating and set a $48.00 price objective on shares of The Coca-Cola in a research note on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The Coca-Cola presently has an average rating of “Hold” and a consensus target price of $50.68.

Shares of KO opened at $45.92 on Monday. The company has a market capitalization of $195.89 billion, a PE ratio of 24.04, a PEG ratio of 2.89 and a beta of 0.75. The company has a quick ratio of 1.06, a current ratio of 1.15 and a debt-to-equity ratio of 1.39. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $48.62.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.39 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 3.40%. The Coca-Cola’s payout ratio is 81.68%.

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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