Lord, Abbett Reduces $11M in The Coca-Cola Company ($KO)
Key Points
- Lord, Abbett changed its The Coca-Cola Company ($KO) stake by 6.69% last quarter, cutting to 1,970,313 shares worth $160.13 million.
- Wall Street's consensus rating on $KO is Buy and an average price target of $94.70.
- $KO last traded around $81.27.
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Lord, Abbett trimmed its position in The Coca-Cola Company ($KO) by 6.69% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,970,313 shares of The Coca-Cola Company after selling 141,225 shares during the quarter. Lord, Abbett's holdings in The Coca-Cola Company were worth $160.13 million as of its most recent filing.
The Coca-Cola Company Stock Down 9.4%
Shares of The Coca-Cola Company ($KO) traded around $81.27 on Saturday, down 9.4% for the day.
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About The Coca-Cola Company
The Coca-Cola Company, a beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally. The company provides Trademark Coca-Cola, sparkling soft drinks and flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and emerging beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers comprising restaurants and convenience stores. The company sells its products under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, caffeine free Diet Coke, Cherry Coke, Fanta, Sprite, Simply, Fanta Orange, Fanta Zero Orange, Fanta Zero Sugar, Fanta Apple, Sprite Zero Sugar, Simply Orange, Simply Apple, Simply Grapefruit, Fresca, Schweppes, Thums Up, Aquarius, Ayataka, BODYARMOR, Ciel, Costa, Crystal, Dasani, Fuze Tea, Georgia, glacéau smartwater, glacéau vitaminwater, Gold Peak, I LOHAS, Powerade, Topo Chico, Core Power, Del Valle, fairlife, innocent, Maaza, Minute Maid, Minute Maid Pulpy, Santa Clara, and dogadan brands. It operates through a network of independent bottling partners, distributors, wholesalers, and retailers, as well as through bottling and distribution operators. The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia.
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