The Coca-Cola Company (NYSE:KO) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its stake in The Coca-Cola Company (NYSE:KO – Get Rating) by 1.1% during the third quarter, Holdings Channel.com reports. The fund owned 2,139,322 shares of the company’s stock after selling 24,168 shares during the quarter. Coca-Cola comprises 0.6% of Asset Management One Co. Ltd.’s investment portfolio, making the stock its 25th biggest position. Asset Management One Co. Ltd.’s holdings in Coca-Cola were worth $119,844,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Coca-Cola by 20.0% during the 2nd quarter. FMR LLC now owns 99,695,103 shares of the company’s stock worth $6,271,819,000 after purchasing an additional 16,606,701 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Coca-Cola by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 51,570,921 shares of the company’s stock worth $3,197,397,000 after acquiring an additional 1,301,902 shares during the period. Legal & General Group Plc raised its holdings in shares of Coca-Cola by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 32,204,611 shares of the company’s stock worth $2,025,996,000 after acquiring an additional 913,170 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Coca-Cola by 3.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 24,102,773 shares of the company’s stock worth $1,516,305,000 after acquiring an additional 880,486 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Coca-Cola by 0.5% during the 2nd quarter. Swiss National Bank now owns 17,866,294 shares of the company’s stock worth $1,123,969,000 after acquiring an additional 93,100 shares during the period. Institutional investors and hedge funds own 68.74% of the company’s stock.

Analysts Set New Price Targets

KO has been the topic of several analyst reports. UBS Group lifted their price target on Coca-Cola from $63.00 to $68.00 in a report on Wednesday, October 26th. Evercore ISI reduced their price target on Coca-Cola to $68.00 in a report on Thursday, October 20th. Credit Suisse Group set a $64.00 price objective on shares of Coca-Cola in a report on Friday, December 9th. JPMorgan Chase & Co. set a $64.00 price objective on shares of Coca-Cola in a report on Thursday, December 8th. Finally, StockNews.com upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating in a report on Wednesday, January 11th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus price target of $66.90.

Insider Transactions at Coca-Cola

In related news, Director Herbert A. Allen III acquired 33,200 shares of the stock in a transaction dated Friday, October 28th. The stock was acquired at an average cost of $60.18 per share, with a total value of $1,997,976.00. Following the completion of the transaction, the director now owns 99,054 shares in the company, valued at approximately $5,961,069.72. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Brian John Smith sold 126,972 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $62.07, for a total value of $7,881,152.04. Following the completion of the transaction, the insider now directly owns 116,168 shares of the company’s stock, valued at $7,210,547.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Herbert A. Allen III purchased 33,200 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was acquired at an average cost of $60.18 per share, with a total value of $1,997,976.00. Following the completion of the acquisition, the director now directly owns 99,054 shares of the company’s stock, valued at $5,961,069.72. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 276,986 shares of company stock valued at $17,218,050. 0.98% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Performance

Shares of Coca-Cola stock opened at $60.12 on Monday. The Coca-Cola Company has a one year low of $54.01 and a one year high of $67.20. The company has a market cap of $259.99 billion, a PE ratio of 26.24, a P/E/G ratio of 3.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.95 and a current ratio of 1.13. The business has a 50-day simple moving average of $62.62 and a 200-day simple moving average of $61.30.

Coca-Cola (NYSE:KO – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Coca-Cola had a return on equity of 42.75% and a net margin of 23.44%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.60 billion. On average, equities research analysts forecast that The Coca-Cola Company will post 2.48 EPS for the current fiscal year.

About Coca-Cola

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The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.