The Coca-Cola Company (NYSE:KO) Position Reduced by Mengis Capital Management Inc.

Mengis Capital Management Inc. decreased its holdings in shares of The Coca-Cola Company (NYSE:KOFree Report) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,158 shares of the company’s stock after selling 201 shares during the period. Mengis Capital Management Inc.’s holdings in Coca-Cola were worth $2,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in KO. State Street Corp boosted its holdings in shares of Coca-Cola by 1.0% in the second quarter. State Street Corp now owns 171,246,926 shares of the company’s stock worth $10,390,407,000 after buying an additional 1,628,772 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Coca-Cola by 2.8% in the second quarter. Geode Capital Management LLC now owns 79,165,884 shares of the company’s stock worth $4,754,907,000 after buying an additional 2,183,864 shares during the period. Morgan Stanley boosted its holdings in shares of Coca-Cola by 15.7% in the fourth quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock worth $5,031,669,000 after buying an additional 10,722,435 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Coca-Cola by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock worth $3,501,789,000 after buying an additional 2,464,618 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its holdings in shares of Coca-Cola by 103,297.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock worth $3,672,479,000 after buying an additional 57,678,466 shares during the period. Institutional investors own 68.96% of the company’s stock.

Insider Transactions at Coca-Cola

In other news, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the sale, the executive vice president now owns 143,383 shares in the company, valued at $8,602,980. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the sale, the executive vice president now owns 143,383 shares in the company, valued at $8,602,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Henrique Braun sold 52,696 shares of Coca-Cola stock in a transaction on Friday, November 17th. The stock was sold at an average price of $56.97, for a total transaction of $3,002,091.12. Following the sale, the senior vice president now owns 26,272 shares in the company, valued at approximately $1,496,715.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 289,052 shares of company stock worth $16,834,665. Insiders own 1.00% of the company’s stock.

Coca-Cola Stock Performance

Shares of Coca-Cola stock traded up $0.14 during midday trading on Monday, hitting $59.70. The company had a trading volume of 13,488,203 shares, compared to its average volume of 13,955,266. The business’s 50 day simple moving average is $59.40 and its two-hundred day simple moving average is $58.39. The stock has a market cap of $258.11 billion, a PE ratio of 23.95, a P/E/G ratio of 3.34 and a beta of 0.59. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.14 and a quick ratio of 0.97. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup raised their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Jefferies Financial Group started coverage on shares of Coca-Cola in a research report on Monday, November 13th. They issued a “hold” rating and a $64.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of Coca-Cola from $59.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Barclays increased 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. Finally, Bank of America reduced their price target on shares of Coca-Cola from $74.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.87.

View Our Latest Research Report 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.

Further Reading

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

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