The Coca-Cola Co (KO) Shares Sold by First Bank & Trust

First Bank & Trust lowered its position in The Coca-Cola Co (NYSE:KO) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,854 shares of the company’s stock after selling 2,084 shares during the quarter. The Coca-Cola accounts for approximately 2.0% of First Bank & Trust’s holdings, making the stock its 4th biggest holding. First Bank & Trust’s holdings in The Coca-Cola were worth $2,360,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in KO. KAMES CAPITAL plc bought a new position in The Coca-Cola in the 3rd quarter valued at $1,389,000. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in The Coca-Cola by 1.7% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 102,468 shares of the company’s stock valued at $4,733,000 after purchasing an additional 1,702 shares during the period. Stokes Capital Advisors LLC boosted its holdings in The Coca-Cola by 8.3% in the 3rd quarter. Stokes Capital Advisors LLC now owns 46,697 shares of the company’s stock valued at $2,157,000 after purchasing an additional 3,570 shares during the period. Bridge Creek Capital Management LLC boosted its holdings in The Coca-Cola by 2.7% in the 3rd quarter. Bridge Creek Capital Management LLC now owns 74,675 shares of the company’s stock valued at $3,449,000 after purchasing an additional 1,935 shares during the period. Finally, Rathbone Brothers plc boosted its holdings in The Coca-Cola by 1.7% in the 3rd quarter. Rathbone Brothers plc now owns 1,074,894 shares of the company’s stock valued at $49,649,000 after purchasing an additional 17,549 shares during the period. Institutional investors and hedge funds own 65.54% of the company’s stock.

Several research analysts have commented on KO shares. Wells Fargo & Co reissued a “buy” rating and issued a $52.00 price target on shares of The Coca-Cola in a report on Wednesday, October 17th. Jefferies Financial Group reissued a “neutral” rating and issued a $49.00 price target on shares of The Coca-Cola in a report on Monday, December 10th. Morgan Stanley set a $50.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Monday, October 15th. Royal Bank of Canada reissued a “buy” rating and issued a $56.00 price target on shares of The Coca-Cola in a report on Monday, November 19th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $46.00 price target on shares of The Coca-Cola in a report on Thursday, October 18th. Fourteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $51.64.

In related news, insider Jennifer K. Mann sold 15,100 shares of The Coca-Cola stock in a transaction on Monday, November 19th. The shares were sold at an average price of $50.40, for a total value of $761,040.00. Following the transaction, the insider now owns 40,058 shares in the company, valued at approximately $2,018,923.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Beatriz R. Perez sold 21,742 shares of The Coca-Cola stock in a transaction on Monday, February 4th. The stock was sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the completion of the transaction, the insider now owns 92,645 shares in the company, valued at approximately $4,517,370.20. The disclosure for this sale can be found here. Insiders have sold a total of 46,842 shares of company stock valued at $2,306,180 over the last ninety days. 1.48% of the stock is currently owned by insiders.

NYSE KO opened at $49.50 on Monday. The Coca-Cola Co has a 52-week low of $41.45 and a 52-week high of $50.84. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. The firm has a market cap of $211.16 billion, a PE ratio of 25.92, a P/E/G ratio of 3.02 and a beta of 0.53.

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The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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