CocaCola Company (The) $KO Shares Purchased by Quilter Plc

Quilter Plc increased its holdings in CocaCola Company (The) (NYSE:KOFree Report) by 5.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,658,469 shares of the company’s stock after purchasing an additional 91,630 shares during the quarter. CocaCola accounts for about 1.9% of Quilter Plc’s holdings, making the stock its 17th largest holding. Quilter Plc’s holdings in CocaCola were worth $109,990,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its position in shares of CocaCola by 5,142.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 360 shares in the last quarter. Headlands Technologies LLC acquired a new position in CocaCola during the second quarter worth $26,000. Marquette Asset Management LLC purchased a new position in CocaCola during the third quarter valued at $27,000. GFG Capital LLC acquired a new stake in shares of CocaCola in the second quarter valued at about $34,000. Finally, MMA Asset Management LLC purchased a new stake in shares of CocaCola during the second quarter worth about $34,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

CocaCola Stock Performance

NYSE KO opened at $72.93 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. The stock’s fifty day moving average is $70.66 and its two-hundred day moving average is $69.36. The firm has a market capitalization of $313.69 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 3.75 and a beta of 0.39. CocaCola Company has a fifty-two week low of $61.44 and a fifty-two week high of $74.38.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KO. TD Cowen reiterated a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. UBS Group reaffirmed a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Thursday. Bank of America lifted their target price on shares of CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $79.08.

Check Out Our Latest Report on CocaCola

Insider Activity at CocaCola

In related news, EVP Manuel Arroyo sold 139,689 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the completion of the sale, the executive vice president directly owned 58,067 shares in the company, valued at approximately $4,111,143.60. This trade represents a 70.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the transaction, the executive vice president directly owned 223,330 shares in the company, valued at $15,894,396.10. This trade represents a 12.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 211,704 shares of company stock valued at $15,005,595. 0.97% of the stock is owned by company insiders.

About CocaCola

(Free Report)

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

See Also

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KOFree Report).

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

Receive News & Ratings for CocaCola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CocaCola and related companies with MarketBeat.com's FREE daily email newsletter.