Sumitomo Life Insurance Co. trimmed its stake in The Coca-Cola Co (NYSE:KO) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,427 shares of the company’s stock after selling 1,974 shares during the quarter. The Coca-Cola comprises about 0.8% of Sumitomo Life Insurance Co.’s holdings, making the stock its 27th biggest position. Sumitomo Life Insurance Co.’s holdings in The Coca-Cola were worth $6,721,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Price Wealth LLC bought a new position in shares of The Coca-Cola in the fourth quarter valued at $28,000. LFA Lugano Financial Advisors SA bought a new position in shares of The Coca-Cola in the fourth quarter valued at $31,000. Quantum Capital Management bought a new position in shares of The Coca-Cola in the third quarter valued at $34,000. Candriam Luxembourg S.C.A. lifted its stake in shares of The Coca-Cola by 1.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 647,744 shares of the company’s stock valued at $37,000 after buying an additional 6,373 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in shares of The Coca-Cola by 128.9% in the fourth quarter. Simon Quick Advisors LLC now owns 673 shares of the company’s stock valued at $37,000 after buying an additional 379 shares in the last quarter. Institutional investors and hedge funds own 67.54% of the company’s stock.
A number of research analysts have weighed in on KO shares. UBS Group raised shares of The Coca-Cola from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $63.00 in a research note on Wednesday, October 23rd. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Thursday. Deutsche Bank raised their price objective on shares of The Coca-Cola from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. set a $59.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Evercore ISI reissued a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a research report on Sunday, November 17th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The Coca-Cola currently has an average rating of “Buy” and a consensus target price of $57.53.
In other The Coca-Cola news, COO Brian John Smith sold 25,000 shares of The Coca-Cola stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $56.00, for a total value of $1,400,000.00. Following the sale, the chief operating officer now owns 139,302 shares of the company’s stock, valued at $7,800,912. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Larry M. Mark sold 90,289 shares of The Coca-Cola stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $54.93, for a total transaction of $4,959,574.77. Following the completion of the sale, the vice president now directly owns 93,474 shares in the company, valued at approximately $5,134,526.82. The disclosure for this sale can be found here. Insiders have sold 149,289 shares of company stock worth $8,113,175 over the last three months. 1.33% of the stock is owned by insiders.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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.
See Also: Monthly Dividend Stocks
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 Co (NYSE:KO).
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.