Belpointe Asset Management LLC bought a new stake in The Coca-Cola Co (NYSE:KO) during the third quarter, Holdings Channel reports. The firm bought 14,917 shares of the company’s stock, valued at approximately $671,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in The Coca-Cola by 1.8% during the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after buying an additional 4,818,963 shares during the last quarter. BlackRock Inc. increased its position in The Coca-Cola by 0.3% during the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after buying an additional 750,257 shares during the last quarter. Capital World Investors increased its position in The Coca-Cola by 8.9% during the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after buying an additional 11,593,679 shares during the last quarter. Northern Trust Corp increased its position in The Coca-Cola by 4.5% during the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after buying an additional 2,167,225 shares during the last quarter. Finally, Capital International Investors increased its position in The Coca-Cola by 1.0% during the second quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock worth $1,699,722,000 after buying an additional 383,733 shares during the last quarter. 65.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Coca-Cola Co (KO) opened at $43.97 on Tuesday. The Coca-Cola Co has a 1-year low of $40.22 and a 1-year high of $48.62. The stock has a market capitalization of $187,340.00, a P/E ratio of 41.88, a PEG 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.

A number of equities analysts have weighed in on KO shares. BMO Capital Markets reissued a “hold” rating and set a $47.00 price target on shares of The Coca-Cola in a research report on Friday, October 27th. JPMorgan Chase & Co. set a $48.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, December 15th. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the stock a “sell” rating in a research report on Thursday, October 26th. Susquehanna Bancshares set a $45.00 price target on The Coca-Cola and gave the stock a “hold” rating in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The Coca-Cola presently has an average rating of “Hold” and an average target price of $49.01.

In related news, CFO Kathy N. Waller sold 23,240 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 123,796 shares in the company, valued at $5,713,185.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert Edward Long sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $47.95, for a total value of $719,250.00. Following the completion of the sale, the insider now owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,640 shares of company stock valued at $5,800,776. Corporate insiders own 1.51% of the company’s stock.

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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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