Mercer Capital Advisers Inc. lessened its position in The Coca-Cola Co (NYSE:KO) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,236 shares of the company’s stock after selling 308 shares during the quarter. The Coca-Cola comprises about 2.3% of Mercer Capital Advisers Inc.’s investment portfolio, making the stock its 12th biggest position. Mercer Capital Advisers Inc.’s holdings in The Coca-Cola were worth $3,888,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in KO. Price Wealth LLC bought a new position in shares of The Coca-Cola during the 4th quarter worth about $28,000. LFA Lugano Financial Advisors SA bought a new position in shares of The Coca-Cola during the 4th quarter worth about $31,000. Quantum Capital Management bought a new position in shares of The Coca-Cola during the 3rd quarter worth about $34,000. Candriam Luxembourg S.C.A. increased its holdings in shares of The Coca-Cola by 1.0% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 647,744 shares of the company’s stock worth $37,000 after purchasing an additional 6,373 shares during the period. Finally, Simon Quick Advisors LLC increased its holdings in shares of The Coca-Cola by 128.9% during the 4th quarter. Simon Quick Advisors LLC now owns 673 shares of the company’s stock worth $37,000 after purchasing an additional 379 shares during the period. Hedge funds and other institutional investors own 67.54% of the company’s stock.
Several research firms have recently issued reports on KO. ValuEngine downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Thursday. UBS Group upgraded shares of The Coca-Cola from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $63.00 in a report on Wednesday, October 23rd. Guggenheim set a $59.00 price objective on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Credit Suisse Group upgraded shares of The Coca-Cola from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $54.00 to $64.00 in a report on Thursday, January 9th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $57.53.
In other The Coca-Cola news, COO Brian John Smith sold 25,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $56.00, for a total value of $1,400,000.00. Following the transaction, the chief operating officer now directly owns 139,302 shares in the company, valued at $7,800,912. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Nancy Quan sold 24,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.90, for a total transaction of $1,293,600.00. Following the completion of the transaction, the senior vice president now owns 189,049 shares in the company, valued at $10,189,741.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,289 shares of company stock worth $8,113,175. 1.33% of the stock is owned by company insiders.
Shares of The Coca-Cola stock traded down $0.34 during trading on Friday, hitting $57.49. 430,634 shares of the company’s stock traded hands, compared to its average volume of 10,588,579. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.79. The firm’s fifty day moving average price is $55.20 and its 200 day moving average price is $53.98. The Coca-Cola Co has a twelve month low of $44.42 and a twelve month high of $57.85. The company has a market cap of $247.77 billion, a PE ratio of 31.96, a PEG ratio of 3.92 and a beta of 0.42.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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