Segall Bryant & Hamill LLC lifted its stake in shares of The Coca-Cola Co (NYSE:KO) by 5.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,796 shares of the company’s stock after purchasing an additional 3,819 shares during the period. Segall Bryant & Hamill LLC’s holdings in The Coca-Cola were worth $3,187,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Veritas Investment Management LLP acquired a new position in The Coca-Cola during the third quarter valued at $135,000. Spectrum Management Group Inc. purchased a new position in The Coca-Cola in the third quarter valued at about $137,000. Eagle Ridge Investment Management purchased a new position in The Coca-Cola in the second quarter valued at about $138,000. Legacy Advisors LLC purchased a new position in The Coca-Cola in the third quarter valued at about $139,000. Finally, Almanack Investment Partners LLC. purchased a new position in The Coca-Cola in the second quarter valued at about $142,000. 65.39% of the stock is currently owned by institutional investors.
In related news, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the completion of the sale, the chief financial officer now owns 123,796 shares in the company, valued at approximately $5,713,185.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ed Hays sold 84,400 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,640 shares of company stock valued at $5,800,776. 1.51% of the stock is owned by corporate insiders.
Shares of The Coca-Cola Co (KO) opened at $44.56 on Thursday. The Coca-Cola Co has a 52 week low of $40.22 and a 52 week high of $48.62. The stock has a market capitalization of $190,323.98, a PE ratio of 23.64, a PEG ratio of 3.60 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.
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The Coca-Cola Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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