RMR Capital Management LLC cut its position in shares of The Coca-Cola Company (NYSE:KO – Free Report) by 12.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,507 shares of the company’s stock after selling 1,072 shares during the period. RMR Capital Management LLC’s holdings in Coca-Cola were worth $467,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Coca-Cola in the 2nd quarter valued at $27,000. Hara Capital LLC acquired a new stake in shares of Coca-Cola in the 3rd quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Coca-Cola during the 3rd quarter worth $36,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Coca-Cola during the 3rd quarter valued at about $43,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Coca-Cola in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.
Insider Activity
In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.97% of the company’s stock.
Wall Street Analysts Forecast Growth
Coca-Cola Stock Performance
KO opened at $63.82 on Thursday. The stock’s 50 day simple moving average is $62.65 and its 200 day simple moving average is $66.41. The stock has a market cap of $274.92 billion, a P/E ratio of 26.27, a P/E/G ratio of 3.38 and a beta of 0.61. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.
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.
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