Gofen & Glossberg LLC IL Sells 19,121 Shares of The Coca-Cola Co (KO)
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.
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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