Today The Coca-Cola Company (The) (KO) Shares Sold by GAM Holding AG

Today The Coca-Cola Company (The) (KO) Shares Sold by GAM Holding AG

GAM Holding AG lowered its position in Coca-Cola Company (The) (NYSE:KO) by 14.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 716,115 shares of the company’s stock after selling 123,660 shares during the period. GAM Holding AG’s holdings in Coca-Cola Company (The) were worth $30,305,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KO. MCF Advisors LLC boosted its position in shares of Coca-Cola Company (The) by 10.0% in the second quarter. MCF Advisors LLC now owns 2,208 shares of the company’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of Coca-Cola Company (The) by 6.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,377 shares of the company’s stock worth $101,000 after buying an additional 150 shares during the last quarter. Lowe fs LLC boosted its position in shares of Coca-Cola Company (The) by 28.2% in the third quarter. Lowe fs LLC now owns 2,731 shares of the company’s stock worth $116,000 after buying an additional 600 shares during the last quarter. Lenox Wealth Management Inc. boosted its position in shares of Coca-Cola Company (The) by 38.0% in the second quarter. Lenox Wealth Management Inc. now owns 2,611 shares of the company’s stock worth $118,000 after buying an additional 719 shares during the last quarter. Finally, Global X Management Co. LLC boosted its position in shares of Coca-Cola Company (The) by 318.1% in the second quarter. Global X Management Co. LLC now owns 3,203 shares of the company’s stock worth $145,000 after buying an additional 2,437 shares during the last quarter. 63.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Coca-Cola Company (NYSE:KO) traded up 0.623% during trading on Wednesday, reaching $42.161. 6,583,467 shares of the company were exchanged. The stock has a market capitalization of $181.84 billion, a P/E ratio of 25.568 and a beta of 0.65. The stock has a 50-day moving average of $41.44 and a 200 day moving average of $42.49. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $47.13.

Several equities analysts recently commented on the stock. Jefferies Group LLC set a $43.00 price target on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Tuesday, December 27th. Vetr lowered shares of Coca-Cola Company (The) from a “strong-buy” rating to a “buy” rating and set a $45.34 price target for the company. in a research report on Wednesday, December 7th. Sanford C. Bernstein set a $48.00 price target on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Friday, January 6th. Stifel Nicolaus reaffirmed a “neutral” rating on shares of Coca-Cola Company (The) in a research report on Friday, September 30th. Finally, TheStreet lowered shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.89.

In other Coca-Cola Company (The) news, VP Kathy N. Waller sold 36,342 shares of Coca-Cola Company (The) stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $42.06, for a total transaction of $1,528,544.52. Following the sale, the vice president now owns 104,345 shares in the company, valued at $4,388,750.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.54% of the stock is owned by insiders.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.

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