CocaCola Company (The) $KO Holdings Lowered by Arcus Capital Partners LLC

Arcus Capital Partners LLC reduced its stake in shares of CocaCola Company (The) (NYSE:KO) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620,635 shares of the company’s stock after selling 7,099 shares during the quarter. CocaCola comprises approximately 18.0% of Arcus Capital Partners LLC’s portfolio, making the stock its largest holding. Arcus Capital Partners LLC’s holdings in CocaCola were worth $41,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after acquiring an additional 293 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in CocaCola in the 1st quarter valued at $210,000. Evanson Asset Management LLC acquired a new stake in CocaCola during the 2nd quarter worth $345,000. Finally, Mather Group LLC. grew its position in CocaCola by 11.5% during the 2nd quarter. Mather Group LLC. now owns 44,246 shares of the company’s stock worth $3,130,000 after purchasing an additional 4,568 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of KO opened at $71.90 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. CocaCola Company has a 52-week low of $61.37 and a 52-week high of $74.38. The company has a 50-day simple moving average of $70.63 and a 200-day simple moving average of $69.36. The company has a market capitalization of $309.29 billion, a PE ratio of 23.81, a P/E/G ratio of 3.70 and a beta of 0.39.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, October 21st. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The company had revenue of $12.46 billion for the quarter, compared to analyst estimates of $12.46 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CocaCola news, COO Henrique Braun sold 40,390 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total value of $2,864,862.70. Following the sale, the chief operating officer owned 62,621 shares of the company’s stock, valued at approximately $4,441,707.53. This represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Manuel Arroyo sold 139,689 shares of CocaCola stock in a transaction on Friday, November 14th. The stock was sold at an average price of $70.80, for a total value of $9,889,981.20. Following the transaction, the executive vice president directly owned 58,067 shares of the company’s stock, valued at $4,111,143.60. This trade represents a 70.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 211,704 shares of company stock worth $15,005,595 in the last quarter. Company insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KO. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Bank of America increased their price objective on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Piper Sandler boosted their target price on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, TD Cowen restated a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $79.08.

About CocaCola

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.