RKL Wealth Management LLC lessened its stake in The Coca-Cola Co (NYSE:KO) by 19.8% in the third quarter, HoldingsChannel.com reports. The fund owned 15,175 shares of the company’s stock after selling 3,752 shares during the quarter. RKL Wealth Management LLC’s holdings in The Coca-Cola were worth $686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Country Club Trust Company n.a. boosted its stake in shares of The Coca-Cola by 1.2% during the 2nd quarter. Country Club Trust Company n.a. now owns 26,746 shares of the company’s stock valued at $1,200,000 after buying an additional 325 shares during the last quarter. City Holding Co. boosted its stake in shares of The Coca-Cola by 0.3% during the 2nd quarter. City Holding Co. now owns 164,255 shares of the company’s stock valued at $7,365,000 after buying an additional 447 shares during the last quarter. Dynamic Advisors Solutions LLC boosted its stake in shares of The Coca-Cola by 13.0% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 41,401 shares of the company’s stock valued at $1,857,000 after buying an additional 4,763 shares during the last quarter. Atria Investments LLC boosted its stake in shares of The Coca-Cola by 5.5% during the 2nd quarter. Atria Investments LLC now owns 91,663 shares of the company’s stock valued at $4,111,000 after buying an additional 4,764 shares during the last quarter. Finally, RB Capital Management LLC boosted its stake in shares of The Coca-Cola by 0.9% during the 2nd quarter. RB Capital Management LLC now owns 24,009 shares of the company’s stock valued at $1,077,000 after buying an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 65.30% of the company’s stock.

In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total value of $1,072,526.00. Following the sale, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the sale, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The disclosure for this sale can be found here. 1.51% of the stock is owned by company insiders.

The Coca-Cola Co (NYSE:KO) opened at $47.16 on Friday. The Coca-Cola Co has a one year low of $40.22 and a one year high of $47.48. The stock has a market capitalization of $199,740.08, a price-to-earnings ratio of 44.91, a P/E/G ratio of 3.76 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period last year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. analysts predict that The Coca-Cola Co will post 1.91 EPS for the current fiscal year.

KO has been the subject of several research analyst reports. Wells Fargo & Co upgraded The Coca-Cola from a “market perform” rating to an “outperform” rating and increased their target price for the company from $46.72 to $51.00 in a research note on Tuesday, November 14th. Deutsche Bank initiated coverage on The Coca-Cola in a research note on Wednesday, December 13th. They set a “buy” rating and a $52.00 target price for the company. Vetr upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 target price for the company in a research note on Monday, December 11th. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Friday, October 27th. Finally, Royal Bank of Canada set a $49.00 target price on The Coca-Cola and gave the company a “buy” rating in a research note on Sunday, November 12th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company. The Coca-Cola has a consensus rating of “Hold” and an average price target of $49.01.

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About The Coca-Cola

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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