Livingston Group Asset Management CO operating as Southport Capital Management Buys 3,497 Shares of The Coca-Cola Co (KO)

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Livingston Group Asset Management CO operating as Southport Capital Management raised its stake in The Coca-Cola Co (NYSE:KO) by 8.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 43,197 shares of the company’s stock after buying an additional 3,497 shares during the quarter. The Coca-Cola makes up about 1.0% of Livingston Group Asset Management CO operating as Southport Capital Management’s investment portfolio, making the stock its 21st largest holding. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in The Coca-Cola were worth $2,045,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Reynders McVeigh Capital Management LLC grew its stake in The Coca-Cola by 0.9% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 22,977 shares of the company’s stock valued at $1,061,000 after acquiring an additional 213 shares in the last quarter. Cordasco Financial Network lifted its holdings in shares of The Coca-Cola by 26.1% during the 4th quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock valued at $49,000 after buying an additional 214 shares during the last quarter. Windsor Group LTD lifted its holdings in shares of The Coca-Cola by 1.7% during the 4th quarter. Windsor Group LTD now owns 13,672 shares of the company’s stock valued at $647,000 after buying an additional 222 shares during the last quarter. United Capital Management of KS Inc. lifted its holdings in shares of The Coca-Cola by 2.3% during the 4th quarter. United Capital Management of KS Inc. now owns 10,020 shares of the company’s stock valued at $474,000 after buying an additional 229 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in The Coca-Cola by 2.1% in the 4th quarter. Chicago Partners Investment Group LLC now owns 13,490 shares of the company’s stock worth $635,000 after purchasing an additional 282 shares during the last quarter. Institutional investors own 65.54% of the company’s stock.

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

Shares of The Coca-Cola stock opened at $49.50 on Monday. The Coca-Cola Co has a 1 year low of $41.45 and a 1 year high of $50.84. The stock has a market capitalization of $211.16 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.53. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26.

KO has been the subject of several analyst reports. Morgan Stanley set a $50.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a report on Monday, October 15th. Macquarie set a $47.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Wednesday, October 17th. Jefferies Financial Group reaffirmed a “neutral” rating and issued a $48.00 price target on shares of The Coca-Cola in a research report on Wednesday, October 17th. Royal Bank of Canada restated a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a research report on Wednesday, October 17th. Finally, Wells Fargo & Co restated a “buy” rating and set a $52.00 price objective on shares of The Coca-Cola in a research report on Wednesday, October 17th. Fourteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The Coca-Cola has an average rating of “Hold” and a consensus target price of $51.64.

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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.

See Also: Consumer Price Index (CPI)

Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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