Kovitz Investment Group Partners LLC Sells 2,671 Shares of The Coca-Cola Company (NYSE:KO)

Kovitz Investment Group Partners LLC cut its stake in shares of The Coca-Cola Company (NYSE:KOFree Report) by 27.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,914 shares of the company’s stock after selling 2,671 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Coca-Cola were worth $387,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KO. Hibernia Wealth Partners LLC purchased a new stake in Coca-Cola in the third quarter valued at $25,000. Freedom Wealth Alliance LLC purchased a new stake in shares of Coca-Cola during the 4th quarter worth about $25,000. Paladin Advisory Group LLC purchased a new stake in shares of Coca-Cola during the 2nd quarter worth about $28,000. Fortis Capital Advisors LLC purchased a new stake in shares of Coca-Cola during the 4th quarter worth about $30,000. Finally, KB Financial Partners LLC purchased a new stake in shares of Coca-Cola during the 1st quarter worth about $31,000. 68.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 92,028 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $57.15, for a total value of $5,259,400.20. Following the completion of the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $25,291,503.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO James Quincey sold 92,028 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $57.15, for a total value of $5,259,400.20. Following the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $25,291,503.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Henrique Braun sold 52,696 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $56.97, for a total transaction of $3,002,091.12. Following the completion of the sale, the senior vice president now owns 26,272 shares in the company, valued at $1,496,715.84. The disclosure for this sale can be found here. Insiders sold 289,052 shares of company stock valued at $16,834,665 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Coca-Cola Stock Performance

NYSE:KO opened at $59.56 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.97 and a current ratio of 1.14. The stock has a market capitalization of $257.50 billion, a P/E ratio of 23.92, a PEG ratio of 3.34 and a beta of 0.59. The company has a 50 day moving average price of $59.40 and a 200 day moving average price of $58.39. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.99.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KO shares. Barclays upped their price target on shares of Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Citigroup increased their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Jefferies Financial Group initiated coverage on shares of Coca-Cola in a report on Monday, November 13th. They issued a “hold” rating and a $64.00 price objective for the company. Bank of America cut their price objective on shares of Coca-Cola from $74.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Finally, Morgan Stanley cut their price objective on shares of Coca-Cola from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.87.

Check Out Our Latest Stock Analysis on KO

Coca-Cola Company Profile

(Free Report)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Featured Stories

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company (NYSE:KOFree Report).

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

Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.