Caldwell & Orkin Inc. cut its position in The Coca-Cola Co (NYSE:KO) by 43.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,050 shares of the company’s stock after selling 33,425 shares during the quarter. The Coca-Cola makes up approximately 2.0% of Caldwell & Orkin Inc.’s investment portfolio, making the stock its 19th largest holding. Caldwell & Orkin Inc.’s holdings in The Coca-Cola were worth $1,983,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in KO. Meeder Asset Management Inc. grew its stake in shares of The Coca-Cola by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after acquiring an additional 1,026 shares during the last quarter. Veritas Investment Management LLP purchased a new stake in shares of The Coca-Cola during the third quarter worth about $135,000. Legacy Advisors LLC purchased a new stake in shares of The Coca-Cola during the third quarter worth about $139,000. Almanack Investment Partners LLC. purchased a new stake in shares of The Coca-Cola during the second quarter worth about $142,000. Finally, Shine Investment Advisory Services Inc. grew its stake in shares of The Coca-Cola by 102.2% during the third quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock worth $143,000 after acquiring an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 65.39% of the company’s stock.
A number of brokerages recently commented on KO. Goldman Sachs Group set a $45.00 target price on The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 target price on The Coca-Cola and gave the company a “hold” rating in a research report on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Vetr upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective on the stock in a research report on Monday, December 11th. Finally, Morgan Stanley set a $48.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $49.01.
The Coca-Cola Co (NYSE:KO) traded up $0.03 during midday trading on Friday, reaching $43.13. The company had a trading volume of 22,791,612 shares, compared to its average volume of 13,570,000. 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 firm has a market cap of $183,760.00, a P/E ratio of 41.08, a P/E/G ratio of 3.48 and a beta of 0.70. The Coca-Cola Co has a 1 year low of $40.22 and a 1 year high of $48.62.
In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of the company’s stock in a transaction 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 approximately $5,713,185.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ed Hays sold 84,400 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were 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. Over the last 90 days, insiders sold 122,640 shares of company stock valued at $5,800,776. 1.51% of the stock is owned by company insiders.
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The Coca-Cola Company 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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