The Coca-Cola Company (NYSE:KO) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lessened its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 22.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,705 shares of the company's stock after selling 8,092 shares during the period. Baader Bank Aktiengesellschaft's holdings in Coca-Cola were worth $1,725,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Quarry LP bought a new stake in Coca-Cola during the 2nd quarter valued at $27,000. Hara Capital LLC bought a new position in Coca-Cola in the 3rd quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Coca-Cola in the 3rd quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Coca-Cola in the 4th quarter worth about $37,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Coca-Cola in the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Activity

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KO shares. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a "hold" rating to a "buy" rating and increased their price objective for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday. Morgan Stanley decreased their target price on shares of Coca-Cola from $78.00 to $76.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company reduced their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays reduced their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.13.

Coca-Cola Trading Up 1.9 %

Shares of KO traded up $1.21 during trading hours on Thursday, reaching $64.04. 7,646,214 shares of the company traded hands, compared to its average volume of 16,077,268. The firm has a market cap of $275.85 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 3.38 and a beta of 0.61. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The stock's fifty day moving average price is $62.65 and its 200 day moving average price is $66.38.

Coca-Cola Profile

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.