The Coca-Cola Co (KO) Stake Lessened by Premier Asset Management LLC

Premier Asset Management LLC cut its stake in shares of The Coca-Cola Co (NYSE:KO) by 4.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,403 shares of the company’s stock after selling 1,150 shares during the period. Premier Asset Management LLC’s holdings in The Coca-Cola were worth $1,098,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in The Coca-Cola by 9.3% during the third quarter. Janus Henderson Group PLC now owns 14,585,503 shares of the company’s stock valued at $656,472,000 after buying an additional 1,246,217 shares during the period. Vident Investment Advisory LLC acquired a new position in The Coca-Cola during the third quarter valued at $1,396,000. Cornerstone Capital Management Holdings LLC. raised its position in The Coca-Cola by 20.6% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 1,459,358 shares of the company’s stock valued at $65,684,000 after buying an additional 249,305 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in The Coca-Cola by 0.6% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 3,568,242 shares of the company’s stock valued at $160,607,000 after buying an additional 22,772 shares during the period. Finally, First Republic Investment Management Inc. raised its position in The Coca-Cola by 23.0% during the third quarter. First Republic Investment Management Inc. now owns 774,860 shares of the company’s stock valued at $34,877,000 after buying an additional 145,016 shares during the period. 65.39% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating and set a $49.00 price target on shares of The Coca-Cola in a research report on Friday, December 22nd. Goldman Sachs Group set a $49.00 price target on The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Monday, October 16th. Jefferies Group set a $47.00 price target on The Coca-Cola and gave the company a “neutral” rating in a research report on Friday, October 13th. Finally, Susquehanna Bancshares set a $42.00 price target on The Coca-Cola and gave the company a “hold” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.01.

In other news, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the sale, the insider now owns 24,673 shares in the company, valued at approximately $1,183,070.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ed Hays sold 84,400 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total value of $4,009,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 122,640 shares of company stock valued at $5,800,776. 1.51% of the stock is currently owned by corporate insiders.

Shares of The Coca-Cola Co (KO) opened at $43.10 on Friday. The stock has a market capitalization of $189,855.33, a PE ratio of 23.58, a PEG ratio of 3.59 and a beta of 0.70. The Coca-Cola Co has a 52 week low of $40.22 and a 52 week high of $48.62. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.

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The Coca-Cola 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.

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

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