Gofen & Glossberg LLC IL cut its stake in shares of The Coca-Cola Co (NYSE:KO) by 3.6% in the 3rd quarter, Holdings Channel reports. The firm owned 518,555 shares of the company’s stock after selling 19,121 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in The Coca-Cola were worth $23,340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Veritas Investment Management LLP acquired a new stake in shares of The Coca-Cola in the third quarter valued at approximately $135,000. Spectrum Management Group Inc. acquired a new stake in shares of The Coca-Cola in the third quarter valued at approximately $137,000. Eagle Ridge Investment Management acquired a new stake in shares of The Coca-Cola in the second quarter valued at approximately $138,000. Legacy Advisors LLC bought a new position in shares of The Coca-Cola during the third quarter worth approximately $139,000. Finally, Almanack Investment Partners LLC. bought a new position in shares of The Coca-Cola during the second quarter worth approximately $142,000. 65.34% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Susquehanna Bancshares set a $45.00 target price on The Coca-Cola and gave the stock a “hold” rating in a research note on Monday. Stifel Nicolaus reiterated 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 The Coca-Cola and gave the stock a “sell” rating in a research note on Wednesday, January 10th. Credit Suisse Group reiterated a “buy” rating on shares of The Coca-Cola in a research note on Tuesday. Finally, Vetr lowered The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 target price on the stock. in a research note on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.01.

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

Shares of The Coca-Cola Co (NYSE KO) opened at $44.19 on Wednesday. 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 twelve month low of $40.22 and a twelve month high of $48.62. The firm has a market capitalization of $187,341.53, a price-to-earnings ratio of 23.26, a P/E/G ratio of 3.54 and a beta of 0.70.

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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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