Mount Yale Investment Advisors LLC trimmed its position in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 51.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,704 shares of the company's stock after selling 19,711 shares during the period. Mount Yale Investment Advisors LLC's holdings in Coca-Cola were worth $1,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KO. FMR LLC boosted its stake in Coca-Cola by 20.0% during the 2nd quarter. FMR LLC now owns 99,695,103 shares of the company's stock valued at $6,271,819,000 after purchasing an additional 16,606,701 shares during the period. Capital World Investors lifted its stake in shares of Coca-Cola by 61.4% in the 1st quarter. Capital World Investors now owns 10,764,084 shares of the company's stock worth $667,373,000 after acquiring an additional 4,095,881 shares during the period. Artemis Investment Management LLP acquired a new stake in shares of Coca-Cola in the 2nd quarter worth approximately $187,201,000. Assenagon Asset Management S.A. lifted its stake in shares of Coca-Cola by 1,206.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,860,191 shares of the company's stock worth $160,228,000 after acquiring an additional 2,641,265 shares during the period. Finally, Barclays PLC lifted its stake in shares of Coca-Cola by 38.2% in the 3rd quarter. Barclays PLC now owns 7,331,682 shares of the company's stock worth $410,721,000 after acquiring an additional 2,024,813 shares during the period. 68.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on KO shares. Evercore ISI cut their target price on shares of Coca-Cola to $68.00 in a research note on Thursday, October 20th. Wolfe Research started coverage on shares of Coca-Cola in a research note on Tuesday, October 11th. They set an "outperform" rating and a $63.00 target price for the company. UBS Group boosted their price target on shares of Coca-Cola from $63.00 to $68.00 in a report on Wednesday, October 26th. StockNews.com upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating in a report on Wednesday, January 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Coca-Cola from $59.00 to $62.00 and gave the company a "hold" rating in a report on Tuesday, December 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $66.90.

Coca-Cola Price Performance

Coca-Cola (NYSE:KO – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Coca-Cola had a net margin of 23.44% and a return on equity of 42.75%. The firm had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.60 billion. Analysts expect that The Coca-Cola Company will post 2.48 EPS for the current year.

Insider Buying and Selling at Coca-Cola

In other news, insider Brian John Smith sold 94,200 shares of the firm's stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $63.02, for a total transaction of $5,936,484.00. Following the completion of the transaction, the insider now directly owns 116,168 shares of the company's stock, valued at approximately $7,320,907.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Brian John Smith sold 94,200 shares of the firm's stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $63.02, for a total transaction of $5,936,484.00. Following the completion of the transaction, the insider now directly owns 116,168 shares of the company's stock, valued at approximately $7,320,907.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Nancy Quan sold 13,746 shares of the firm's stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $61.12, for a total transaction of $840,155.52. Following the transaction, the senior vice president now directly owns 184,710 shares of the company's stock, valued at $11,289,475.20. The disclosure for this sale can be found here. Insiders sold a total of 276,986 shares of company stock valued at $17,218,050 in the last ninety days. Company insiders own 0.98% of the company's stock.

Coca-Cola Company Profile

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The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

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