Carlton Hofferkamp & Jenks Wealth Management LLC Trims Holdings in The Coca-Cola Co (KO)

Carlton Hofferkamp & Jenks Wealth Management LLC cut its stake in The Coca-Cola Co (NYSE:KO) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,379 shares of the company’s stock after selling 748 shares during the period. The Coca-Cola makes up approximately 1.1% of Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings, making the stock its 24th biggest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in The Coca-Cola were worth $1,580,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KO. Vanguard Group Inc. lifted its holdings in shares of The Coca-Cola by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 289,055,893 shares of the company’s stock worth $13,351,492,000 after acquiring an additional 3,918,108 shares during the period. Vanguard Group Inc lifted its holdings in shares of The Coca-Cola by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock worth $13,351,492,000 after acquiring an additional 3,918,108 shares during the period. Capital International Investors increased its position in shares of The Coca-Cola by 81.9% during the 3rd quarter. Capital International Investors now owns 63,196,570 shares of the company’s stock worth $2,919,050,000 after purchasing an additional 28,445,747 shares in the last quarter. FMR LLC increased its position in shares of The Coca-Cola by 2.3% during the 3rd quarter. FMR LLC now owns 50,012,668 shares of the company’s stock worth $2,310,085,000 after purchasing an additional 1,116,190 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in shares of The Coca-Cola by 2.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 20,151,122 shares of the company’s stock worth $930,781,000 after purchasing an additional 426,083 shares in the last quarter. 65.93% of the stock is owned by hedge funds and other institutional investors.

KO opened at $49.79 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $211.92 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 3.02 and a beta of 0.53. The Coca-Cola Co has a 1-year low of $41.45 and a 1-year high of $50.84.

A number of brokerages recently issued reports on KO. Bank of America reiterated a “buy” rating and set a $52.00 target price on shares of The Coca-Cola in a research report on Tuesday, October 30th. Royal Bank of Canada set a $56.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Wednesday. Macquarie set a $50.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, November 8th. Wells Fargo & Co reiterated a “buy” rating and set a $52.00 target price on shares of The Coca-Cola in a research report on Wednesday, October 17th. Finally, Jefferies Financial Group increased their target price on shares of The Coca-Cola from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 31st. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $51.95.

In other The Coca-Cola news, insider Beatriz R. Perez sold 21,742 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $48.76, for a total value of $1,060,139.92. Following the completion of the sale, the insider now owns 92,645 shares in the company, valued at approximately $4,517,370.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer K. Mann sold 15,100 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were 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 approximately $2,018,923.20. The disclosure for this sale can be found here. Insiders sold a total of 46,842 shares of company stock valued at $2,306,180 in the last 90 days. Corporate insiders own 1.48% of the company’s stock.

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The Coca-Cola 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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