CocaCola Company (The) $KO Stock Position Boosted by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. raised its position in CocaCola Company (The) (NYSE:KO) by 22.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,007 shares of the company’s stock after purchasing an additional 32,640 shares during the quarter. CocaCola comprises 4.2% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 8th biggest position. Savoir Faire Capital Management L.P.’s holdings in CocaCola were worth $11,739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KO. Brighton Jones LLC grew its holdings in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares during the period. Revolve Wealth Partners LLC lifted its position in CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after buying an additional 293 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in CocaCola during the first quarter worth about $210,000. Kathmere Capital Management LLC increased its position in shares of CocaCola by 19.1% during the second quarter. Kathmere Capital Management LLC now owns 11,218 shares of the company’s stock valued at $794,000 after acquiring an additional 1,802 shares during the last quarter. Finally, ORG Partners LLC increased its position in shares of CocaCola by 8.4% during the second quarter. ORG Partners LLC now owns 6,925 shares of the company’s stock valued at $497,000 after acquiring an additional 535 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity

In other CocaCola news, COO Henrique Braun sold 40,390 shares of CocaCola stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the completion of the sale, the chief operating officer directly owned 62,621 shares of the company’s stock, valued at $4,441,707.53. The trade was a 39.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Nancy Quan sold 31,625 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $71.17, for a total value of $2,250,751.25. Following the completion of the transaction, the executive vice president owned 223,330 shares in the company, valued at approximately $15,894,396.10. The trade was a 12.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 211,704 shares of company stock worth $15,005,595. 0.90% of the stock is currently owned by company insiders.

CocaCola Trading Up 1.5%

NYSE:KO opened at $72.93 on Monday. CocaCola Company has a 12-month low of $61.44 and a 12-month high of $74.38. The firm has a market cap of $313.69 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 3.75 and a beta of 0.39. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The stock has a fifty day moving average price of $70.66 and a 200 day moving average price of $69.36.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KO. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. Piper Sandler upped their price target on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note 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. Finally, TD Cowen restated a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat.com, CocaCola has an average rating of “Buy” and an average target price of $79.08.

CocaCola Company Profile

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.