Huntington National Bank lessened its position in The Coca-Cola Co (NYSE:KO) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 516,324 shares of the company’s stock after selling 3,618 shares during the quarter. Huntington National Bank’s holdings in The Coca-Cola were worth $24,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KO. Cordasco Financial Network raised its stake in shares of The Coca-Cola by 26.1% during the fourth quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock worth $49,000 after buying an additional 214 shares during the last quarter. IMS Capital Management bought a new stake in The Coca-Cola in the third quarter valued at approximately $73,000. Mackey Komara & Dankovich LLC bought a new stake in The Coca-Cola in the fourth quarter valued at approximately $109,000. Endurance Wealth Management Inc. increased its stake in The Coca-Cola by 20.3% in the fourth quarter. Endurance Wealth Management Inc. now owns 2,369 shares of the company’s stock valued at $112,000 after purchasing an additional 400 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. bought a new stake in The Coca-Cola in the third quarter valued at approximately $117,000. Hedge funds and other institutional investors own 65.93% of the company’s stock.

In related news, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $48.50, for a total transaction of $485,000.00. Following the transaction, the senior vice president now directly owns 92,645 shares of the company’s stock, valued at $4,493,282.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Beatriz R. Perez sold 21,742 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the transaction, the insider now directly owns 92,645 shares in the company, valued at $4,517,370.20. The disclosure for this sale can be found here. Insiders sold 46,842 shares of company stock worth $2,306,180 over the last three months. Insiders own 1.48% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Jefferies Financial Group reiterated a “neutral” rating and issued a $48.00 price target on shares of The Coca-Cola in a report on Wednesday, October 17th. Macquarie set a $47.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Wednesday, October 17th. ValuEngine upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Morningstar set a $49.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Tuesday, November 6th. Fourteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The Coca-Cola has an average rating of “Hold” and a consensus price target of $51.64.

Shares of KO opened at $49.50 on Monday. The stock has a market capitalization of $211.16 billion, a PE ratio of 25.92, a P/E/G ratio of 3.02 and a beta of 0.53. The Coca-Cola Co has a fifty-two week low of $41.45 and a fifty-two week high of $50.84. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06.

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About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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