Garde Capital Inc. bought a new position in The Coca-Cola Co (NYSE:KO) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 13,058 shares of the company’s stock, valued at approximately $588,000.

Several other institutional investors have also bought and sold shares of KO. Veritas Investment Management LLP bought a new position in The Coca-Cola during the 3rd quarter valued at about $135,000. Spectrum Management Group Inc. bought a new position in The Coca-Cola during the 3rd quarter valued at about $137,000. Eagle Ridge Investment Management bought a new position in The Coca-Cola during the 2nd quarter valued at about $138,000. Legacy Advisors LLC bought a new position in The Coca-Cola during the 3rd quarter valued at about $139,000. Finally, Almanack Investment Partners LLC. bought a new position in The Coca-Cola during the 2nd quarter valued at about $142,000. Hedge funds and other institutional investors own 65.34% of the company’s stock.

Shares of The Coca-Cola Co (KO) opened at $44.19 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The Coca-Cola Co has a 52-week low of $40.22 and a 52-week high of $48.62. The company has a market cap of $187,341.53, a P/E ratio of 23.26, a P/E/G ratio of 3.54 and a beta of 0.70.

In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the transaction, the insider now owns 24,673 shares in the company, valued at approximately $1,183,070.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathy N. Waller sold 23,240 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the transaction, the chief financial officer now owns 123,796 shares in the company, valued at approximately $5,713,185.40. The disclosure for this sale can be found here. Insiders have sold a total of 122,640 shares of company stock worth $5,800,776 in the last 90 days. 1.51% of the stock is currently owned by company insiders.

KO has been the topic of several analyst reports. Royal Bank of Canada set a $49.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a report on Sunday, November 12th. Goldman Sachs Group set a $45.00 price target on shares of The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, November 15th. Evercore ISI upgraded shares of The Coca-Cola from an “in-line” rating to an “outperform” rating and upped their price target for the company from $46.04 to $55.00 in a report on Friday, January 12th. Zacks Investment Research downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Co upgraded shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and upped their price target for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company. The Coca-Cola presently has an average rating of “Hold” and a consensus target price of $49.01.

ILLEGAL ACTIVITY WARNING: “Garde Capital Inc. Takes $588,000 Position in The Coca-Cola Co (KO)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2018/02/14/garde-capital-inc-takes-588000-position-in-the-coca-cola-co-ko.html.

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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).

Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.