Tufton Capital Management Reduces Position in The Coca-Cola Co (KO)

Tufton Capital Management cut its position in shares of The Coca-Cola Co (NYSE:KO) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 76,091 shares of the company’s stock after selling 1,085 shares during the period. Tufton Capital Management’s holdings in The Coca-Cola were worth $3,602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Reynders McVeigh Capital Management LLC raised its stake in shares of The Coca-Cola by 0.9% in the third quarter. Reynders McVeigh Capital Management LLC now owns 22,977 shares of the company’s stock worth $1,061,000 after purchasing an additional 213 shares during the last quarter. Cordasco Financial Network raised its stake in shares of The Coca-Cola by 26.1% in the fourth quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock worth $49,000 after purchasing an additional 214 shares during the last quarter. Windsor Group LTD raised its stake in shares of The Coca-Cola by 1.7% in the fourth quarter. Windsor Group LTD now owns 13,672 shares of the company’s stock worth $647,000 after purchasing an additional 222 shares during the last quarter. United Capital Management of KS Inc. raised its stake in shares of The Coca-Cola by 2.3% in the fourth quarter. United Capital Management of KS Inc. now owns 10,020 shares of the company’s stock worth $474,000 after purchasing an additional 229 shares during the last quarter. Finally, We Are One Seven LLC raised its stake in shares of The Coca-Cola by 3.2% in the fourth quarter. We Are One Seven LLC now owns 7,648 shares of the company’s stock worth $361,000 after purchasing an additional 240 shares during the last quarter. Institutional investors own 65.93% of the company’s stock.

KO has been the subject of a number of research reports. Wells Fargo & Co reiterated a “buy” rating and set a $52.00 price objective on shares of The Coca-Cola in a research report on Wednesday, October 17th. Jefferies Financial Group reiterated a “neutral” rating and set a $49.00 price objective on shares of The Coca-Cola in a research report on Monday, December 10th. Morgan Stanley set a $50.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a research report on Monday, October 15th. Royal Bank of Canada reiterated a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a research report on Monday, November 19th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $46.00 price objective on shares of The Coca-Cola in a research report on Thursday, October 18th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.64.

NYSE:KO traded up $0.16 during mid-day trading on Monday, hitting $49.66. 1,841,486 shares of the company traded hands, compared to its average volume of 12,660,211. The Coca-Cola Co has a one year low of $41.45 and a one year 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. The firm has a market capitalization of $211.16 billion, a PE ratio of 26.00, a P/E/G ratio of 3.02 and a beta of 0.53.

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

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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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