The Coca-Cola Co (KO) Stake Raised by Chicago Equity Partners LLC
Chicago Equity Partners LLC increased its position in The Coca-Cola Co (NYSE:KO) by 194.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 302,615 shares of the company’s stock after purchasing an additional 199,720 shares during the period. Chicago Equity Partners LLC’s holdings in The Coca-Cola were worth $13,621,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of KO. Cambridge Advisors Inc. grew its holdings in shares of The Coca-Cola by 0.3% in the 2nd quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock worth $365,000 after acquiring an additional 26 shares during the period. Lyell Wealth Management LP grew its holdings in shares of The Coca-Cola by 0.6% in the 2nd quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock worth $359,000 after acquiring an additional 50 shares during the period. Regentatlantic Capital LLC grew its holdings in shares of The Coca-Cola by 0.4% in the 2nd quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock worth $710,000 after acquiring an additional 64 shares during the period. Vigilant Capital Management LLC grew its holdings in shares of The Coca-Cola by 1.9% in the 2nd quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock worth $161,000 after acquiring an additional 68 shares during the period. Finally, Atlantic Trust LLC grew its holdings in shares of The Coca-Cola by 1.4% in the 2nd quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock worth $283,000 after acquiring an additional 89 shares during the period. 65.35% of the stock is owned by institutional investors and hedge funds.
The Coca-Cola Co (NYSE:KO) opened at $47.70 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The Coca-Cola Co has a 52-week low of $40.22 and a 52-week high of $48.62. The company has a market capitalization of $203,230.00, a PE ratio of 45.43, a price-to-earnings-growth ratio of 3.89 and a beta of 0.70.
A number of research firms recently weighed in on KO. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 target price on The Coca-Cola and gave the company a “hold” rating in a report on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 target price on The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, November 16th. Vetr upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 target price on the stock in a report on Monday, December 11th. Finally, Morgan Stanley set a $48.00 target price on The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company. The Coca-Cola currently has an average rating of “Hold” and an average price target of $49.01.
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The Coca-Cola Company 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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