Livingston Group Asset Management CO operating as Southport Capital Management trimmed its holdings in The Coca-Cola Co (NYSE:KO) by 9.9% in the 4th quarter, HoldingsChannel reports. The firm owned 41,862 shares of the company’s stock after selling 4,614 shares during the quarter. The Coca-Cola makes up approximately 0.9% of Livingston Group Asset Management CO operating as Southport Capital Management’s portfolio, making the stock its 27th largest holding. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in The Coca-Cola were worth $2,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of KO. Nuveen Asset Management LLC boosted its stake in The Coca-Cola by 9,580.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 32,579,854 shares of the company’s stock worth $1,658,966,000 after purchasing an additional 32,243,310 shares during the period. Morgan Stanley boosted its position in shares of The Coca-Cola by 15.0% during the 2nd quarter. Morgan Stanley now owns 41,763,050 shares of the company’s stock valued at $2,126,574,000 after acquiring an additional 5,449,889 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of The Coca-Cola by 20.9% during the 2nd quarter. California Public Employees Retirement System now owns 23,023,556 shares of the company’s stock valued at $1,172,359,000 after acquiring an additional 3,984,190 shares during the last quarter. State Street Corp boosted its position in shares of The Coca-Cola by 1.3% during the 3rd quarter. State Street Corp now owns 181,621,433 shares of the company’s stock valued at $9,959,624,000 after acquiring an additional 2,412,293 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of The Coca-Cola by 55.6% during the 2nd quarter. Toronto Dominion Bank now owns 4,502,651 shares of the company’s stock valued at $229,215,000 after acquiring an additional 1,607,990 shares during the last quarter. Institutional investors and hedge funds own 67.54% of the company’s stock.

Shares of KO traded up $0.02 during midday trading on Thursday, hitting $56.72. The stock had a trading volume of 352,514 shares, compared to its average volume of 10,573,799. The Coca-Cola Co has a 1 year low of $44.42 and a 1 year high of $56.98. The firm has a market cap of $239.93 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 3.81 and a beta of 0.42. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.79. The stock’s 50 day moving average is $54.65 and its 200 day moving average is $53.75.

The Coca-Cola (NYSE:KO) last announced its earnings results on Friday, October 18th. The company reported $0.56 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. The Coca-Cola had a net margin of 22.41% and a return on equity of 45.21%. The business had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.42 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities research analysts expect that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

A number of research analysts have recently commented on KO shares. Credit Suisse Group upgraded The Coca-Cola from a “neutral” rating to an “outperform” rating and increased their target price for the company from $54.00 to $64.00 in a research report on Thursday, January 9th. JPMorgan Chase & Co. set a $59.00 target price on The Coca-Cola and gave the company a “neutral” rating in a research report on Friday, October 18th. Wells Fargo & Co set a $60.00 target price on The Coca-Cola and gave the company a “buy” rating in a research report on Monday, October 21st. ValuEngine downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley reiterated a “buy” rating and set a $60.00 target price on shares of The Coca-Cola in a research report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $57.05.

In related news, SVP James L. Dinkins sold 18,389 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $55.00, for a total value of $1,011,395.00. Following the transaction, the senior vice president now owns 69,344 shares of the company’s stock, valued at approximately $3,813,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Lisa Chang acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average price of $54.55 per share, with a total value of $27,275.00. Following the acquisition, the senior vice president now directly owns 5,948 shares in the company, valued at $324,463.40. The disclosure for this purchase can be found here. In the last three months, insiders sold 167,678 shares of company stock worth $9,124,570. Insiders own 1.33% of the company’s stock.

The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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