The Coca-Cola Co (KO) Shares Bought by Zions Bancorporation

Zions Bancorporation lifted its stake in The Coca-Cola Co (NYSE:KO) by 34.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,008 shares of the company’s stock after buying an additional 24,918 shares during the quarter. The Coca-Cola makes up about 0.6% of Zions Bancorporation’s investment portfolio, making the stock its 24th largest position. Zions Bancorporation’s holdings in The Coca-Cola were worth $4,367,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. Lyell Wealth Management LP lifted its holdings in shares of The Coca-Cola by 0.6% in the second quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock worth $359,000 after buying an additional 50 shares in the last quarter. Atlantic Trust LLC raised its stake in The Coca-Cola by 1.4% during the second quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock valued at $283,000 after purchasing an additional 89 shares in the last quarter. Noesis Capital Mangement Corp raised its stake in The Coca-Cola by 1.0% during the second quarter. Noesis Capital Mangement Corp now owns 8,680 shares of the company’s stock valued at $389,000 after purchasing an additional 90 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in The Coca-Cola by 0.6% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 16,963 shares of the company’s stock valued at $753,000 after purchasing an additional 95 shares in the last quarter. Finally, Financial Advisory Service Inc. raised its stake in The Coca-Cola by 0.4% during the second quarter. Financial Advisory Service Inc. now owns 26,389 shares of the company’s stock valued at $1,184,000 after purchasing an additional 100 shares in the last quarter. 65.39% of the stock is currently owned by hedge funds and other institutional investors.

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

In related news, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total value of $719,250.00. Following the completion of the sale, the insider now directly owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $4,009,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,640 shares of company stock valued at $5,800,776. 1.51% of the stock is owned by insiders.

Shares of The Coca-Cola Co (KO) opened at $43.13 on Friday. The Coca-Cola Co has a one year low of $40.22 and a one year high of $48.62. The firm has a market cap of $183,634.73, a PE ratio of 22.80, a P/E/G ratio of 3.47 and a beta of 0.70. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47.

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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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