The Coca-Cola Co (KO) Shares Sold by Prospector Partners LLC

Prospector Partners LLC lessened its holdings in shares of The Coca-Cola Co (NYSE:KO) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 186,250 shares of the company’s stock after selling 3,200 shares during the quarter. Prospector Partners LLC’s holdings in The Coca-Cola were worth $8,383,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Loeb Partners Corp increased its position in shares of The Coca-Cola by 14.5% in the second quarter. Loeb Partners Corp now owns 24,275 shares of the company’s stock valued at $1,089,000 after acquiring an additional 3,075 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of The Coca-Cola by 7.1% in the second quarter. Janney Montgomery Scott LLC now owns 594,447 shares of the company’s stock valued at $26,661,000 after acquiring an additional 39,194 shares during the last quarter. Alpha Cubed Investments LLC increased its position in shares of The Coca-Cola by 14.4% in the second quarter. Alpha Cubed Investments LLC now owns 335,558 shares of the company’s stock valued at $15,050,000 after acquiring an additional 42,320 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of The Coca-Cola by 0.7% in the second quarter. Parkside Financial Bank & Trust now owns 17,607 shares of the company’s stock valued at $790,000 after acquiring an additional 115 shares during the last quarter. Finally, Warren Averett Asset Management LLC increased its position in shares of The Coca-Cola by 13.3% in the second quarter. Warren Averett Asset Management LLC now owns 51,093 shares of the company’s stock valued at $2,292,000 after acquiring an additional 5,984 shares during the last quarter. 65.39% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Ed Hays sold 84,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total transaction of $4,009,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Edward Long sold 15,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,183,070.35. The disclosure for this sale can be found here. Insiders have sold 122,640 shares of company stock valued at $5,800,776 in the last quarter. 1.51% of the stock is currently owned by corporate insiders.

A number of analysts recently issued reports on the company. Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $46.04 to $55.00 in a research report on Friday, January 12th. Goldman Sachs Group set a $49.00 target price on The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, January 10th. Vetr downgraded The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 target price on the stock. in a research report on Monday, January 8th. Jefferies Group set a $50.00 target price on The Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, January 4th. Finally, Royal Bank of Canada set a $56.00 target price on The Coca-Cola and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $49.01.

The Coca-Cola Co (KO) opened at $44.56 on Thursday. The Coca-Cola Co has a 1-year low of $40.22 and a 1-year high of $48.62. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $190,323.98, a PE ratio of 23.64, a P/E/G ratio of 3.60 and a beta of 0.70.

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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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