Wealthcare Advisory Partners LLC increased its stake in The Coca-Cola Co (NYSE:KO) by 3,540.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,280 shares of the company’s stock after buying an additional 7,080 shares during the period. Wealthcare Advisory Partners LLC’s holdings in The Coca-Cola were worth $328,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in KO. CAPROCK Group Inc. increased its stake in shares of The Coca-Cola by 27.4% during the second quarter. CAPROCK Group Inc. now owns 40,334 shares of the company’s stock valued at $1,824,000 after purchasing an additional 8,668 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of The Coca-Cola during the second quarter valued at approximately $204,000. Lyell Wealth Management LP increased its stake in shares of The Coca-Cola by 0.6% during the second quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock valued at $359,000 after purchasing an additional 50 shares in the last quarter. Telos Capital Management Inc. increased its stake in shares of The Coca-Cola by 2.8% during the second quarter. Telos Capital Management Inc. now owns 16,634 shares of the company’s stock valued at $746,000 after purchasing an additional 454 shares in the last quarter. Finally, Grove Bank & Trust increased its stake in shares of The Coca-Cola by 10.8% during the second quarter. Grove Bank & Trust now owns 25,547 shares of the company’s stock valued at $1,146,000 after purchasing an additional 2,487 shares in the last quarter. 65.34% of the stock is owned by institutional investors.

In related news, insider Ed Hays sold 84,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the sale, the insider now owns 24,673 shares in the company, valued at approximately $1,183,070.35. The disclosure for this sale can be found here. Insiders have sold 122,640 shares of company stock valued at $5,800,776 in the last three months. 1.51% of the stock is owned by insiders.

Shares of The Coca-Cola Co (NYSE KO) opened at $43.13 on Monday. The firm has a market cap of $183,760.00, a P/E ratio of 41.08, a P/E/G ratio of 3.48 and a beta of 0.70. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The Coca-Cola Co has a 1 year low of $40.22 and a 1 year high of $48.62.

A number of brokerages have weighed in on KO. Stifel Nicolaus reaffirmed a “hold” rating and set a $49.00 target price on shares of The Coca-Cola in a research note on Friday, December 22nd. Goldman Sachs Group set a $49.00 target price on shares of The Coca-Cola and gave the company a “sell” rating in a research note on Wednesday, January 10th. Jefferies Group reaffirmed a “hold” rating and set a $47.00 target price on shares of The Coca-Cola in a research note on Wednesday, October 25th. Morgan Stanley set a $48.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. The Coca-Cola presently has a consensus rating of “Hold” and a consensus price target of $49.01.

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The Coca-Cola Company 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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