Hunter Associates Investment Management LLC Has $917,000 Stock Position in The Coca-Cola Company (NYSE:KO)

Hunter Associates Investment Management LLC grew its holdings in The Coca-Cola Company (NYSE:KOFree Report) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,365 shares of the company’s stock after acquiring an additional 556 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Coca-Cola were worth $917,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KO. Moneta Group Investment Advisors LLC lifted its position in Coca-Cola by 103,297.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock worth $3,672,479,000 after purchasing an additional 57,678,466 shares during the period. Norges Bank bought a new stake in Coca-Cola during the fourth quarter worth about $2,937,315,000. Morgan Stanley lifted its position in Coca-Cola by 15.7% during the fourth quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock worth $5,031,669,000 after purchasing an additional 10,722,435 shares during the period. Barclays PLC raised its stake in Coca-Cola by 164.7% during the second quarter. Barclays PLC now owns 14,430,093 shares of the company’s stock worth $868,981,000 after acquiring an additional 8,979,379 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in Coca-Cola during the second quarter worth about $429,854,000. Institutional investors own 68.96% of the company’s stock.

Coca-Cola Stock Performance

Shares of KO opened at $59.64 on Monday. 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 stock has a market capitalization of $257.85 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 3.34 and a beta of 0.59. The firm’s fifty day simple moving average is $59.40 and its two-hundred day simple moving average is $58.39. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.99.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays boosted their target price on Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Morgan Stanley cut their target price on shares of Coca-Cola from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 25th. Citigroup lifted their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Jefferies Financial Group assumed coverage on shares of Coca-Cola in a report on Monday, November 13th. They set a “hold” rating and a $64.00 price target on the stock. Finally, Bank of America reduced their price objective on shares of Coca-Cola from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.87.

Read Our Latest Stock Report on Coca-Cola

Insider Transactions at Coca-Cola

In other news, SVP Henrique Braun sold 52,696 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $56.97, for a total transaction of $3,002,091.12. Following the transaction, the senior vice president now owns 26,272 shares of the company’s stock, valued at approximately $1,496,715.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO James Quincey sold 92,028 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $59.06, for a total value of $5,435,173.68. Following the sale, the chief executive officer now owns 442,546 shares in the company, valued at approximately $26,136,766.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Henrique Braun sold 52,696 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $56.97, for a total transaction of $3,002,091.12. Following the completion of the sale, the senior vice president now owns 26,272 shares in the company, valued at approximately $1,496,715.84. The disclosure for this sale can be found here. Insiders have sold 289,052 shares of company stock valued at $16,834,665 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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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