Suffolk Capital Management LLC lessened its stake in The Coca-Cola Co (NYSE:KO) by 81.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,929 shares of the company’s stock after selling 227,183 shares during the quarter. Suffolk Capital Management LLC’s holdings in The Coca-Cola were worth $2,459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its stake in The Coca-Cola by 0.9% in the third quarter. State of Alaska Department of Revenue now owns 560,169 shares of the company’s stock valued at $25,871,000 after acquiring an additional 4,973 shares during the period. Ancora Advisors LLC grew its stake in The Coca-Cola by 21.0% in the third quarter. Ancora Advisors LLC now owns 51,438 shares of the company’s stock valued at $2,377,000 after acquiring an additional 8,941 shares during the period. Man Group plc grew its stake in The Coca-Cola by 34.2% in the third quarter. Man Group plc now owns 617,032 shares of the company’s stock valued at $28,501,000 after acquiring an additional 157,187 shares during the period. Moller Financial Services acquired a new position in The Coca-Cola in the fourth quarter valued at about $292,000. Finally, First PREMIER Bank grew its stake in The Coca-Cola by 1.4% in the fourth quarter. First PREMIER Bank now owns 44,267 shares of the company’s stock valued at $2,097,000 after acquiring an additional 607 shares during the period. Institutional investors and hedge funds own 65.53% of the company’s stock.

In related news, insider Jennifer K. Mann sold 15,100 shares of the company’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $50.40, for a total transaction of $761,040.00. Following the sale, the insider now owns 40,058 shares in the company, valued at $2,018,923.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Francisco Crespo sold 54,200 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $48.50, for a total value of $2,628,700.00. Following the sale, the senior vice president now owns 96,026 shares in the company, valued at approximately $4,657,261. The disclosure for this sale can be found here. Insiders have sold 312,788 shares of company stock worth $15,482,157 in the last quarter. 1.48% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on the company. Zacks Investment Research cut The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Jefferies Financial Group reissued a “neutral” rating and issued a $48.00 target price on shares of The Coca-Cola in a research note on Wednesday, October 17th. Macquarie reissued a “neutral” rating and issued a $47.00 target price on shares of The Coca-Cola in a research note on Thursday, October 4th. ValuEngine raised The Coca-Cola from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Morningstar set a $49.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research report on Tuesday, November 6th. Fourteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.64.

KO opened at $48.13 on Friday. The Coca-Cola Co has a 52-week low of $41.45 and a 52-week high of $50.84. The stock has a market cap of $204.17 billion, a P/E ratio of 25.20, a P/E/G ratio of 2.93 and a beta of 0.62. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06.

The Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The business had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.20 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The Coca-Cola’s revenue was down 9.2% on a year-over-year basis. Equities research analysts predict that The Coca-Cola Co will post 2.08 EPS for the current year.

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

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