Baillie Gifford & Co. Has $51.09 Million Stock Position in CocaCola Company (The) $KO

Baillie Gifford & Co. cut its holdings in shares of CocaCola Company (The) (NYSE:KOFree Report) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 770,376 shares of the company’s stock after selling 11,845 shares during the period. Baillie Gifford & Co.’s holdings in CocaCola were worth $51,091,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KO. Vanguard Group Inc. lifted its holdings in shares of CocaCola by 1.7% in the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after purchasing an additional 6,241,163 shares in the last quarter. Norges Bank bought a new stake in CocaCola during the second quarter worth $3,846,270,000. Legal & General Group Plc raised its position in CocaCola by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 27,281,552 shares of the company’s stock valued at $1,930,170,000 after buying an additional 285,794 shares during the last quarter. Invesco Ltd. lifted its stake in CocaCola by 10.9% during the 2nd quarter. Invesco Ltd. now owns 25,328,083 shares of the company’s stock valued at $1,791,962,000 after acquiring an additional 2,497,585 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in CocaCola by 15.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,557,659 shares of the company’s stock worth $1,312,954,000 after acquiring an additional 2,423,914 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KO. Piper Sandler increased their target price on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. TD Cowen reiterated a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. 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 report on Friday, November 7th. UBS Group reaffirmed a “buy” rating on shares of CocaCola in a report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola presently has an average rating of “Buy” and an average target price of $79.08.

View Our Latest Analysis on KO

CocaCola Trading Up 1.5%

Shares of KO stock opened at $72.93 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. The firm has a market cap of $313.69 billion, a P/E ratio of 24.15, a PEG ratio of 3.75 and a beta of 0.39. The company has a 50 day moving average of $70.66 and a 200-day moving average of $69.36. CocaCola Company has a 12-month low of $61.44 and a 12-month high of $74.38.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

Insiders Place Their Bets

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of the business’s 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 sale, the executive vice president directly owned 58,067 shares in the company, valued at $4,111,143.60. The trade was a 70.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Henrique Braun sold 40,390 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $70.93, for a total value of $2,864,862.70. Following the transaction, the chief operating officer directly owned 62,621 shares in the company, valued at $4,441,707.53. This represents a 39.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 211,704 shares of company stock valued at $15,005,595 over the last ninety days. 0.97% of the stock is currently owned by 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

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.