Chevy Chase Trust Holdings LLC Sells 48,573 Shares of The Coca-Cola Company (NYSE:KO)

Chevy Chase Trust Holdings LLC decreased its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,140,681 shares of the company's stock after selling 48,573 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Coca-Cola were worth $133,279,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KO. Harvest Portfolios Group Inc. acquired a new stake in Coca-Cola during the third quarter worth approximately $18,383,000. Balentine LLC grew its holdings in shares of Coca-Cola by 92.4% during the 3rd quarter. Balentine LLC now owns 28,493 shares of the company's stock worth $2,048,000 after purchasing an additional 13,685 shares in the last quarter. Rice Partnership LLC increased its position in shares of Coca-Cola by 7.1% in the fourth quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock worth $6,397,000 after purchasing an additional 6,793 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in Coca-Cola by 104.9% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 116,214 shares of the company's stock valued at $8,351,000 after purchasing an additional 59,503 shares in the last quarter. Finally, Fiduciary Alliance LLC lifted its position in Coca-Cola by 87.7% during the fourth quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock worth $1,132,000 after purchasing an additional 8,499 shares during the period. Institutional investors own 70.26% of the company's stock.

Wall Street Analyst Weigh In

KO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their target price for the company from $68.00 to $70.00 in a report on Thursday, December 12th. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Thursday. TD Cowen raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a report on Wednesday, January 8th. Barclays raised their price objective on Coca-Cola from $66.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $73.82.

Coca-Cola Trading Down 0.9 %

NYSE KO traded down $0.65 on Monday, reaching $68.85. The company had a trading volume of 20,769,370 shares, compared to its average volume of 15,089,333. The firm has a market cap of $296.59 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 3.55 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The business has a 50 day moving average of $63.02 and a two-hundred day moving average of $66.36.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Company 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.