Visionary Asset Management Inc. cut its stake in The Coca-Cola Co (NYSE:KO) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,249 shares of the company’s stock after selling 8,605 shares during the period. Visionary Asset Management Inc.’s holdings in The Coca-Cola were worth $2,667,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KO. Swiss National Bank boosted its holdings in The Coca-Cola by 3.0% during the second quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock worth $735,069,000 after buying an additional 470,700 shares in the last quarter. Summit Financial Group Inc. bought a new stake in The Coca-Cola during the second quarter worth approximately $2,779,000. Global X Management Co. LLC boosted its holdings in The Coca-Cola by 6.0% during the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after buying an additional 12,513 shares in the last quarter. Amalgamated Bank boosted its holdings in The Coca-Cola by 54.8% during the second quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock worth $20,118,000 after buying an additional 158,741 shares in the last quarter. Finally, Flippin Bruce & Porter Inc. boosted its holdings in The Coca-Cola by 1.8% during the second quarter. Flippin Bruce & Porter Inc. now owns 98,037 shares of the company’s stock worth $4,397,000 after buying an additional 1,705 shares in the last quarter. Institutional investors and hedge funds own 65.34% of the company’s stock.

In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the 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 in the company, valued at approximately $1,183,070.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ed Hays sold 84,400 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total transaction of $4,009,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,640 shares of company stock valued at $5,800,776. Insiders own 1.51% of the company’s stock.

Shares of The Coca-Cola Co (KO) opened at $44.10 on Thursday. The Coca-Cola Co has a 12-month low of $40.40 and a 12-month high of $48.62. 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 stock has a market cap of $187,900.00, a P/E ratio of 42.00, a price-to-earnings-growth ratio of 3.54 and a beta of 0.70.

A number of analysts recently weighed in on KO shares. Susquehanna Bancshares set a $42.00 target price on shares of The Coca-Cola and gave the stock a “hold” rating in a report on Wednesday, October 18th. Jefferies Group restated a “hold” rating and set a $47.00 target price on shares of The Coca-Cola in a report on Wednesday, October 25th. JPMorgan Chase & Co. set a $48.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Morgan Stanley set a $48.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the stock. The Coca-Cola currently has a consensus rating of “Hold” and a consensus price target of $49.01.

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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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