Investors Asset Management of Georgia Inc. GA ADV Increases Stock Position in The Coca-Cola Company (NYSE:KO)

Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of The Coca-Cola Company (NYSE:KOFree Report) by 0.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 34,888 shares of the company’s stock after acquiring an additional 217 shares during the period. Coca-Cola makes up approximately 1.1% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 21st biggest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Coca-Cola were worth $1,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirabella Financial Services LLP purchased a new stake in shares of Coca-Cola during the second quarter valued at $1,116,000. Providence Capital Advisors LLC lifted its stake in Coca-Cola by 1.4% during the 2nd quarter. Providence Capital Advisors LLC now owns 43,642 shares of the company’s stock valued at $2,628,000 after acquiring an additional 620 shares during the period. HF Advisory Group LLC lifted its holdings in Coca-Cola by 7.6% in the third quarter. HF Advisory Group LLC now owns 6,770 shares of the company’s stock valued at $379,000 after acquiring an additional 476 shares during the period. Quantinno Capital Management LP raised its stake in shares of Coca-Cola by 13.2% during the 2nd quarter. Quantinno Capital Management LP now owns 84,095 shares of the company’s stock worth $5,064,000 after buying an additional 9,800 shares during the period. Finally, Tucker Asset Management LLC lifted its position in shares of Coca-Cola by 110.4% in the second quarter. Tucker Asset Management LLC now owns 9,052 shares of the company’s stock valued at $545,000 after acquiring an additional 4,749 shares in the last quarter. 68.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on KO. Citigroup increased their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Bank of America decreased their price target on Coca-Cola from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Barclays boosted their target price on Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Morgan Stanley cut their target price on shares of Coca-Cola from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Finally, Jefferies Financial Group started coverage on Coca-Cola in a report on Monday, November 13th. They set a “hold” rating and a $64.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.87.

View Our Latest Stock Report on Coca-Cola

Coca-Cola Price Performance

KO traded up $0.14 during trading on Monday, reaching $59.70. The stock had a trading volume of 13,488,205 shares, compared to its average volume of 13,854,970. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99. The firm has a market capitalization of $258.11 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 3.34 and a beta of 0.59. The stock has a 50 day moving average of $59.40 and a two-hundred day moving average of $58.39. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.23.

Insider Buying and Selling at Coca-Cola

In related news, EVP Beatriz R. Perez sold 52,300 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the sale, the executive vice president now owns 143,383 shares in the company, valued at approximately $8,602,980. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the sale, the executive vice president now owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Henrique Braun sold 52,696 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $56.97, for a total transaction of $3,002,091.12. Following the completion of the sale, the senior vice president now owns 26,272 shares of the company’s stock, valued at $1,496,715.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 289,052 shares of company stock valued at $16,834,665. Corporate insiders own 1.00% of the company’s stock.

Coca-Cola Company Profile

(Free Report)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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