Dupont Capital Management Corp Reduces Stock Holdings in The Coca-Cola Co (NYSE:KO)

Dupont Capital Management Corp cut its holdings in shares of The Coca-Cola Co (NYSE:KO) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 149,626 shares of the company’s stock after selling 5,809 shares during the quarter. Dupont Capital Management Corp’s holdings in The Coca-Cola were worth $8,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KO. Bernardo Wealth Planning LLC grew its position in shares of The Coca-Cola by 56.7% during the second quarter. Bernardo Wealth Planning LLC now owns 8,398 shares of the company’s stock worth $428,000 after acquiring an additional 3,038 shares during the last quarter. Colony Group LLC grew its position in shares of The Coca-Cola by 50.3% during the second quarter. Colony Group LLC now owns 86,277 shares of the company’s stock worth $4,393,000 after acquiring an additional 28,883 shares during the last quarter. Amussen Hunsaker Associates LLC purchased a new position in shares of The Coca-Cola during the second quarter worth approximately $383,000. Vestmark Advisory Solutions Inc. grew its position in shares of The Coca-Cola by 4.1% during the second quarter. Vestmark Advisory Solutions Inc. now owns 43,493 shares of the company’s stock worth $2,215,000 after acquiring an additional 1,713 shares during the last quarter. Finally, Cresset Asset Management LLC grew its position in shares of The Coca-Cola by 26.0% during the second quarter. Cresset Asset Management LLC now owns 61,851 shares of the company’s stock worth $3,170,000 after acquiring an additional 12,768 shares during the last quarter. Institutional investors and hedge funds own 67.54% of the company’s stock.

A number of brokerages have recently issued reports on KO. Guggenheim set a $59.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Friday, October 18th. ValuEngine downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group raised The Coca-Cola from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $63.00 in a report on Wednesday, October 23rd. Evercore ISI reaffirmed a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a report on Sunday, November 17th. Finally, Wells Fargo & Co set a $60.00 price target on The Coca-Cola and gave the stock a “buy” rating in a report on Monday, October 21st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.53.

The Coca-Cola stock traded up $0.03 during midday trading on Tuesday, reaching $57.51. The company’s stock had a trading volume of 1,303,787 shares, compared to its average volume of 11,004,991. The Coca-Cola Co has a fifty-two week low of $44.42 and a fifty-two week high of $57.87. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.79 and a current ratio of 0.92. The stock’s 50 day simple moving average is $55.46 and its 200 day simple moving average is $54.09. The firm has a market capitalization of $247.13 billion, a PE ratio of 31.95, a P/E/G ratio of 3.93 and a beta of 0.42.

In other news, COO Brian John Smith sold 25,000 shares of The Coca-Cola stock in a transaction on Monday, January 13th. The stock was sold at an average price of $56.00, for a total transaction of $1,400,000.00. Following the completion of the transaction, the chief operating officer now owns 139,302 shares of the company’s stock, valued at approximately $7,800,912. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Nancy Quan sold 10,000 shares of The Coca-Cola stock in a transaction on Monday, January 13th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the transaction, the senior vice president now directly owns 175,049 shares of the company’s stock, valued at approximately $8,052,254. The disclosure for this sale can be found here. In the last three months, insiders sold 149,289 shares of company stock valued at $8,113,175. 1.33% of the stock is owned by corporate insiders.

The Coca-Cola Company 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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