Lawson Kroeker Investment Management Inc. NE Sells 695 Shares of The Coca-Cola Company (NYSE:KO)

Lawson Kroeker Investment Management Inc. NE lowered its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 107,403 shares of the company’s stock after selling 695 shares during the period. Coca-Cola makes up approximately 1.3% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 27th biggest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Coca-Cola were worth $6,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Quarry LP purchased a new position in shares of Coca-Cola in the second quarter worth approximately $27,000. Advisory Alpha LLC boosted its holdings in shares of Coca-Cola by 6.0% in the second quarter. Advisory Alpha LLC now owns 14,101 shares of the company’s stock worth $898,000 after buying an additional 804 shares during the last quarter. 3Chopt Investment Partners LLC purchased a new position in Coca-Cola during the second quarter valued at approximately $510,000. Strategic Investment Solutions Inc. IL purchased a new position in Coca-Cola during the second quarter valued at approximately $630,000. Finally, Brown Financial Advisors purchased a new position in Coca-Cola during the second quarter valued at approximately $1,601,000. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other news, CEO James Quincey sold 100,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the transaction, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KO. UBS Group lowered their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the company from $69.00 to $75.00 in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday. Wells Fargo & Company reduced their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley reduced their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.13.

Coca-Cola Trading Up 0.8 %

Coca-Cola stock opened at $62.86 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The stock’s 50 day simple moving average is $62.65 and its two-hundred day simple moving average is $66.41. The firm has a market cap of $270.77 billion, a PE ratio of 25.97, a P/E/G ratio of 3.38 and a beta of 0.61.

About Coca-Cola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.