IPG Investment Advisors LLC Has $864,000 Holdings in The Coca-Cola Company (NYSE:KO)

IPG Investment Advisors LLC cut its stake in The Coca-Cola Company (NYSE:KOFree Report) by 58.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,439 shares of the company’s stock after selling 22,167 shares during the period. IPG Investment Advisors LLC’s holdings in Coca-Cola were worth $864,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KO. Hibernia Wealth Partners LLC acquired a new position in shares of Coca-Cola in the 3rd quarter worth approximately $25,000. Freedom Wealth Alliance LLC acquired a new stake in Coca-Cola during the 4th quarter valued at $25,000. Paladin Advisory Group LLC acquired a new stake in Coca-Cola during the 2nd quarter valued at $28,000. Fortis Capital Advisors LLC acquired a new stake in Coca-Cola during the 4th quarter valued at $30,000. Finally, KB Financial Partners LLC acquired a new stake in Coca-Cola during the 1st quarter valued at $31,000. 68.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coca-Cola

In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the transaction, the executive vice president now directly owns 143,383 shares in the company, valued at $8,602,980. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the transaction, the executive vice president now directly owns 143,383 shares in the company, valued at $8,602,980. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Henrique Braun sold 52,696 shares of Coca-Cola stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $56.97, for a total value of $3,002,091.12. Following the transaction, the senior vice president now owns 26,272 shares in the company, valued at $1,496,715.84. The disclosure for this sale can be found here. Insiders have sold 289,052 shares of company stock worth $16,834,665 in the last three months. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KO shares. JPMorgan Chase & Co. raised their price target on Coca-Cola from $59.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Morgan Stanley dropped their price target on Coca-Cola from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. Bank of America decreased their price objective on Coca-Cola from $74.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. Citigroup increased their price objective on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Barclays increased their price objective on Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.87.

Get Our Latest Research Report on KO

Coca-Cola Stock Performance

Shares of NYSE:KO remained flat at $59.56 during midday trading on Monday. The stock had a trading volume of 6,544,007 shares, compared to its average volume of 13,696,683. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.23. The company has a market cap of $257.50 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 3.34 and a beta of 0.59. The business has a 50 day moving average of $59.40 and a two-hundred day moving average of $58.39.

Coca-Cola Profile

(Free Report)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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