Loomis Sayles & Co. L P increased its stake in shares of Coca-Cola Co. (NYSE:KO) by 7.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 15,018,480 shares of the company’s stock after buying an additional 1,048,500 shares during the period. Coca-Cola makes up about 2.0% of Loomis Sayles & Co. L P’s investment portfolio, making the stock its 12th largest position. Loomis Sayles & Co. L P owned about 0.35% of Coca-Cola worth $696,707,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Court Place Advisors LLC raised its position in shares of Coca-Cola by 0.3% in the fourth quarter. Court Place Advisors LLC now owns 24,531 shares of the company’s stock valued at $1,054,000 after buying an additional 63 shares during the period. Balentine LLC raised its position in shares of Coca-Cola by 1.2% in the first quarter. Balentine LLC now owns 7,599 shares of the company’s stock valued at $353,000 after buying an additional 89 shares during the period. Argent Trust Co raised its position in shares of Coca-Cola by 0.3% in the third quarter. Argent Trust Co now owns 59,175 shares of the company’s stock valued at $2,374,000 after buying an additional 165 shares during the period. Monroe Bank & Trust MI raised its position in shares of Coca-Cola by 1.9% in the first quarter. Monroe Bank & Trust MI now owns 9,878 shares of the company’s stock valued at $458,000 after buying an additional 186 shares during the period. Finally, Clarius Group LLC raised its position in shares of Coca-Cola by 3.7% in the first quarter. Clarius Group LLC now owns 5,819 shares of the company’s stock valued at $269,000 after buying an additional 205 shares during the period.
Shares of Coca-Cola Co. (NYSE:KO) traded down 1.51% on Tuesday, reaching $44.88. The company’s stock had a trading volume of 15,819,887 shares. The company’s 50-day moving average is $45.23 and its 200 day moving average is $44.57. Coca-Cola Co. has a 12-month low of $36.56 and a 12-month high of $47.13. The company has a market capitalization of $194.16 billion and a price-to-earnings ratio of 27.02.
Several equities analysts have issued reports on KO shares. Susquehanna reissued a “neutral” rating and issued a $41.00 price target on shares of Coca-Cola in a research note on Thursday, March 31st. Vetr lowered Coca-Cola from a “hold” rating to a “sell” rating and set a $45.44 target price on the stock. in a research report on Monday, April 4th. Zacks Investment Research raised Coca-Cola from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Bank of America Corp. reaffirmed a “buy” rating and set a $52.00 target price on shares of Coca-Cola in a research report on Tuesday, April 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $51.00 target price on shares of Coca-Cola in a research report on Wednesday, April 13th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $47.72.
In related news, EVP J Alexander Douglas, Jr. sold 572,748 shares of the firm’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $45.25, for a total transaction of $25,916,847.00. Following the transaction, the executive vice president now directly owns 291,675 shares of the company’s stock, valued at approximately $13,198,293.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian John Smith sold 50,000 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $44.32, for a total value of $2,216,000.00. Following the transaction, the insider now directly owns 70,947 shares in the company, valued at $3,144,371.04. The disclosure for this sale can be found here.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
