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Armstrong Henry H Associates Inc. lowered its position in Coca-Cola (NYSE:KO) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 290,200 shares of the company’s stock after selling 9,284 shares during the period. Coca-Cola comprises approximately 2.4% of Armstrong Henry H Associates Inc.’s holdings, making the stock its 11th largest position. Armstrong Henry H Associates Inc.’s holdings in Coca-Cola were worth $12,467,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of KO. OLD Second National Bank of Aurora boosted its stake in shares of Coca-Cola by 3.3% in the fourth quarter. OLD Second National Bank of Aurora now owns 6,301 shares of the company’s stock valued at $270,000 after buying an additional 200 shares during the period. Trust Co boosted its stake in shares of Coca-Cola by 22.5% in the third quarter. Trust Co now owns 6,447 shares of the company’s stock valued at $259,000 after buying an additional 1,182 shares during the period. FormulaFolio Investments LLC boosted its stake in shares of Coca-Cola by 10.5% in the fourth quarter. FormulaFolio Investments LLC now owns 6,532 shares of the company’s stock valued at $281,000 after buying an additional 620 shares during the period. Triangle Securities Wealth Management boosted its stake in shares of Coca-Cola by 5.2% in the fourth quarter. Triangle Securities Wealth Management now owns 7,017 shares of the company’s stock valued at $301,000 after buying an additional 350 shares during the period. Finally, Armbruster Capital Management Inc. bought a new stake in shares of Coca-Cola during the fourth quarter valued at about $318,000.
Shares of Coca-Cola (NYSE:KO) opened at 42.92 on Friday. The company has a 50 day moving average of $42.50 and a 200 day moving average of $41.42. Coca-Cola has a 52 week low of $36.56 and a 52 week high of $43.91. The company has a market cap of $186.66 billion and a PE ratio of 27.37.
Several brokerages recently issued reports on KO. Goldman Sachs reiterated a “neutral” rating and issued a $43.00 price target on shares of Coca-Cola in a research note on Monday, October 19th. Vetr cut Coca-Cola from a “buy” rating to a “hold” rating and set a $43.03 price target for the company. in a research note on Wednesday, November 11th. Zacks Investment Research cut Coca-Cola from a “hold” rating to a “sell” rating in a research note on Monday, October 19th. Jefferies Group boosted their price target on Coca-Cola from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Monday, November 2nd. Finally, Stifel Nicolaus upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Monday, January 11th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $45.31.
In other Coca-Cola news, insider Brian John Smith sold 116,414 shares of the firm’s stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $42.30, for a total value of $4,924,312.20. Following the completion of the transaction, the insider now directly owns 20,947 shares of the company’s stock, valued at approximately $886,058.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Irial Finan sold 280,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $42.20, for a total transaction of $11,816,000.00. Following the completion of the transaction, the executive vice president now directly owns 327,366 shares of the company’s stock, valued at $13,814,845.20. The disclosure for this sale can be found here.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It owns and markets a range of nonalcoholic sparkling beverage brands, such as Coca-Cola, Diet Coke, Fanta and Sprite. The Company makes its beverage products available to consumers throughout the world through its network of Company-owned or controlled bottling and distribution operations, as well as independent bottling partners, distributors, wholesalers and retailers. The Company’s segments include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate.
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