Private Capital Group LLC Reduced Stake in The Coca-Cola Co (KO)

Private Capital Group LLC Reduced Stake in The Coca-Cola Co (KO)

Private Capital Group LLC decreased its position in The Coca-Cola Co (NYSE:KO) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,032 shares of the company’s stock after selling 1,254 shares during the period. Private Capital Group LLC’s holdings in The Coca-Cola were worth $2,795,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Capital International Investors lifted its position in shares of The Coca-Cola by 81.9% in the third quarter. Capital International Investors now owns 63,196,570 shares of the company’s stock valued at $2,919,050,000 after acquiring an additional 28,445,747 shares in the last quarter. Vanguard Group Inc lifted its position in shares of The Coca-Cola by 1.4% in the third quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after acquiring an additional 3,918,108 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of The Coca-Cola by 1.4% in the third quarter. Vanguard Group Inc. now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after acquiring an additional 3,918,108 shares in the last quarter. Manning & Napier Group LLC lifted its position in shares of The Coca-Cola by 223.4% in the fourth quarter. Manning & Napier Group LLC now owns 3,342,578 shares of the company’s stock valued at $158,269,000 after acquiring an additional 2,309,103 shares in the last quarter. Finally, Eaton Vance Management lifted its position in shares of The Coca-Cola by 39.4% in the third quarter. Eaton Vance Management now owns 6,792,655 shares of the company’s stock valued at $313,752,000 after acquiring an additional 1,918,931 shares in the last quarter. 65.54% of the stock is currently owned by institutional investors.

KO stock opened at $49.50 on Friday. 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 Coca-Cola Co has a 1 year low of $41.45 and a 1 year high of $50.84. The stock has a market capitalization of $210.14 billion, a PE ratio of 25.92, a P/E/G ratio of 3.01 and a beta of 0.53.

In other news, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the sale, the senior vice president now owns 92,645 shares in the company, valued at $4,493,282.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kathy N. Waller sold 88,400 shares of the stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $50.00, for a total value of $4,420,000.00. Following the completion of the sale, the vice president now owns 256,421 shares of the company’s stock, valued at approximately $12,821,050. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,392 shares of company stock valued at $7,683,022. Insiders own 1.48% of the company’s stock.

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

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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