Asset Advisors Investment Management LLC Increases Holdings in The Coca-Cola Co (KO)

Asset Advisors Investment Management LLC boosted its position in The Coca-Cola Co (NYSE:KO) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 293,399 shares of the company’s stock after purchasing an additional 395 shares during the period. The Coca-Cola comprises 2.8% of Asset Advisors Investment Management LLC’s portfolio, making the stock its 12th biggest holding. Asset Advisors Investment Management LLC’s holdings in The Coca-Cola were worth $13,892,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cordasco Financial Network lifted its position in shares of The Coca-Cola by 26.1% during the 4th quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock valued at $49,000 after buying an additional 214 shares in the last quarter. IMS Capital Management purchased a new position in shares of The Coca-Cola during the 3rd quarter valued at about $73,000. Mackey Komara & Dankovich LLC purchased a new position in shares of The Coca-Cola during the 4th quarter valued at about $109,000. Endurance Wealth Management Inc. lifted its position in shares of The Coca-Cola by 20.3% during the 4th quarter. Endurance Wealth Management Inc. now owns 2,369 shares of the company’s stock valued at $112,000 after buying an additional 400 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. purchased a new position in shares of The Coca-Cola during the 3rd quarter valued at about $117,000. 65.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of KO opened at $49.61 on Tuesday. The company has a market cap of $211.16 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 3.02 and a beta of 0.53. The Coca-Cola Co has a 12-month low of $41.45 and a 12-month high of $50.84. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06.

In other The Coca-Cola news, insider Jennifer K. Mann sold 15,100 shares of The Coca-Cola stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $50.40, for a total value of $761,040.00. Following the sale, the insider now owns 40,058 shares of the company’s stock, valued at approximately $2,018,923.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of The Coca-Cola stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the sale, the senior vice president now directly owns 92,645 shares in the company, valued at approximately $4,493,282.50. The disclosure for this sale can be found here. Insiders have sold a total of 46,842 shares of company stock worth $2,306,180 in the last three months. 1.48% of the stock is owned by corporate insiders.

A number of research analysts have recently weighed in on the company. Zacks Investment Research cut The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Bank of America set a $55.00 price objective on The Coca-Cola and gave the company a “buy” rating in a research report on Friday, December 14th. UBS Group reaffirmed a “neutral” rating and set a $51.00 price objective (up from $50.00) on shares of The Coca-Cola in a research report on Thursday, December 13th. Jefferies Financial Group reaffirmed a “neutral” rating and set a $49.00 price objective on shares of The Coca-Cola in a research report on Monday, December 10th. Finally, Macquarie reaffirmed a “neutral” rating and set a $50.00 price objective on shares of The Coca-Cola in a research report on Tuesday, December 4th. Fourteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.64.

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The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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