Valeo Financial Advisors LLC bought a new position in shares of The Coca-Cola Co (NYSE:KO) in the third quarter, HoldingsChannel reports. The firm bought 28,758 shares of the company’s stock, valued at approximately $1,294,000.

A number of other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC lifted its holdings in shares of The Coca-Cola by 1,117.2% during the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after purchasing an additional 12,243,387 shares during the last quarter. Capital World Investors lifted its holdings in shares of The Coca-Cola by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after purchasing an additional 11,593,679 shares during the last quarter. Troy Asset Management Ltd purchased a new stake in shares of The Coca-Cola during the 3rd quarter valued at $260,266,000. Vanguard Group Inc. lifted its holdings in shares of The Coca-Cola by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after purchasing an additional 4,818,963 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of The Coca-Cola by 12,733.6% during the 3rd quarter. Stifel Financial Corp now owns 4,245,213 shares of the company’s stock valued at $191,194,000 after purchasing an additional 4,212,134 shares during the last quarter. Institutional investors own 65.39% of the company’s stock.

KO has been the subject of several analyst reports. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Friday, October 27th. Credit Suisse Group set a $51.00 price objective on The Coca-Cola and gave the company a “buy” rating in a report on Thursday, October 26th. Royal Bank of Canada set a $49.00 price objective on The Coca-Cola and gave the company a “buy” rating in a report on Sunday, November 12th. Vetr upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective for the company in a report on Monday, December 11th. Finally, Deutsche Bank initiated coverage on The Coca-Cola in a report on Wednesday, December 13th. They set a “buy” rating and a $52.00 price objective for the company. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.01.

The Coca-Cola Co (KO) opened at $43.13 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The Coca-Cola Co has a 12-month low of $40.22 and a 12-month high of $48.62. The stock has a market capitalization of $183,762.58, a price-to-earnings ratio of 22.82, a P/E/G ratio of 3.48 and a beta of 0.70.

In other The Coca-Cola news, insider Ed Hays sold 84,400 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total transaction of $4,009,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Edward Long sold 15,000 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $47.95, for a total value of $719,250.00. Following the sale, the insider now directly owns 24,673 shares in the company, valued at $1,183,070.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,640 shares of company stock worth $5,800,776. 1.51% of the stock is owned by insiders.

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The Coca-Cola Profile

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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