Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in The Coca-Cola Co (NYSE:KO) by 14.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 340,773 shares of the company’s stock after selling 58,939 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in The Coca-Cola were worth $18,861,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Advisor Partners LLC increased its holdings in shares of The Coca-Cola by 13.0% in the fourth quarter. Advisor Partners LLC now owns 126,361 shares of the company’s stock valued at $7,165,000 after purchasing an additional 14,585 shares in the last quarter. Acima Private Wealth LLC boosted its stake in The Coca-Cola by 28.3% during the fourth quarter. Acima Private Wealth LLC now owns 3,095 shares of the company’s stock worth $171,000 after acquiring an additional 683 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in The Coca-Cola by 1.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,151 shares of the company’s stock worth $804,000 after acquiring an additional 205 shares in the last quarter. Accredited Investors Inc. boosted its stake in The Coca-Cola by 5.2% during the fourth quarter. Accredited Investors Inc. now owns 7,532 shares of the company’s stock worth $417,000 after acquiring an additional 375 shares in the last quarter. Finally, Hollencrest Capital Management boosted its stake in The Coca-Cola by 10.4% during the fourth quarter. Hollencrest Capital Management now owns 69,136 shares of the company’s stock worth $3,826,000 after acquiring an additional 6,537 shares in the last quarter. 67.54% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on KO. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Thursday. Evercore ISI reaffirmed a “buy” rating and issued a $60.00 price objective on shares of The Coca-Cola in a research note on Sunday, November 17th. ValuEngine lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group raised shares of The Coca-Cola from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $63.00 in a research note on Wednesday, October 23rd. Finally, Guggenheim set a $59.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $57.53.

In other news, SVP Nancy Quan sold 10,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the sale, the senior vice president now directly owns 175,049 shares of the company’s stock, valued at approximately $8,052,254. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brian John Smith sold 25,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $56.00, for a total transaction of $1,400,000.00. Following the completion of the sale, the chief operating officer now directly owns 139,302 shares in the company, valued at $7,800,912. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,289 shares of company stock worth $8,113,175. Insiders own 1.33% of the company’s stock.

The Coca-Cola stock traded down $0.34 during mid-day trading on Friday, reaching $57.49. 430,634 shares of the company 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 50 day moving average price is $55.20 and its 200 day moving average price is $53.98. The firm has a market capitalization of $247.77 billion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 3.92 and a beta of 0.42. The Coca-Cola Co has a 52-week low of $44.42 and a 52-week high of $57.85.

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

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