Banque Cantonale Vaudoise Cuts Position in The Coca-Cola Company (NYSE:KO)

Banque Cantonale Vaudoise trimmed its holdings in shares of The Coca-Cola Company (NYSE:KOFree Report) by 9.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 416,569 shares of the company’s stock after selling 45,205 shares during the period. Coca-Cola makes up about 1.2% of Banque Cantonale Vaudoise’s investment portfolio, making the stock its 10th largest position. Banque Cantonale Vaudoise’s holdings in Coca-Cola were worth $23,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KO. Moneta Group Investment Advisors LLC grew 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 buying an additional 57,678,466 shares in the last quarter. Norges Bank bought a new stake in Coca-Cola during the fourth quarter worth about $2,937,315,000. Morgan Stanley lifted its stake 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 last quarter. Barclays PLC lifted 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 purchasing an additional 8,979,379 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in Coca-Cola during the second quarter worth about $429,854,000. 68.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $8,602,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Henrique Braun sold 52,696 shares of the firm’s stock in a transaction on 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 directly owns 26,272 shares of the company’s stock, valued at approximately $1,496,715.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,383 shares in the company, valued at $8,602,980. 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 ninety days. 1.00% of the stock is currently owned by company insiders.

Coca-Cola Stock Performance

Shares of NYSE KO traded down $0.44 during midday trading on Friday, hitting $60.54. 17,544,906 shares of the stock traded hands, compared to its average volume of 13,284,916. The firm has a 50-day moving average of $59.26 and a two-hundred day moving average of $58.52. The firm has a market capitalization of $261.74 billion, a P/E ratio of 24.31, a PEG ratio of 3.41 and a beta of 0.59. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.97 and a current ratio of 1.14. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.99.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KO shares. Jefferies Financial Group initiated coverage on Coca-Cola in a research note on Monday, November 13th. They set a “hold” rating and a $64.00 price target for the company. JPMorgan Chase & Co. upped their price target on Coca-Cola from $59.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 25th. Barclays upped their price target 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 price target on Coca-Cola from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Finally, Citigroup upped their price target on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.87.

Check Out Our Latest Research Report on KO

Coca-Cola Company 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.

Further Reading

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company (NYSE:KOFree Report).

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

Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.