CocaCola Company (The) $KO is Commerzbank Aktiengesellschaft FI’s 10th Largest Position

Commerzbank Aktiengesellschaft FI increased its position in CocaCola Company (The) (NYSE:KOFree Report) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,073,774 shares of the company’s stock after buying an additional 164,817 shares during the period. CocaCola comprises 2.9% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 10th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in CocaCola were worth $137,533,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KO. Sava Infond d.o.o. increased its holdings in shares of CocaCola by 210.8% during the 2nd quarter. Sava Infond d.o.o. now owns 5,750 shares of the company’s stock worth $407,000 after buying an additional 3,900 shares during the last quarter. Vanguard Group Inc. grew its position in CocaCola by 1.7% during the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after acquiring an additional 6,241,163 shares during the period. Aberdeen Group plc grew its position in CocaCola by 5.0% during the second quarter. Aberdeen Group plc now owns 4,557,668 shares of the company’s stock valued at $322,455,000 after acquiring an additional 216,752 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in CocaCola during the second quarter worth about $22,443,000. Finally, Yeomans Consulting Group Inc. raised its holdings in shares of CocaCola by 88.9% in the 3rd quarter. Yeomans Consulting Group Inc. now owns 69,020 shares of the company’s stock worth $4,609,000 after purchasing an additional 32,478 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity

In other 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 sale, the chief operating officer directly owned 62,621 shares of the company’s stock, valued at approximately $4,441,707.53. The trade was a 39.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Manuel Arroyo sold 139,689 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 58,067 shares in the company, valued at approximately $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 sold 211,704 shares of company stock worth $15,005,595 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

CocaCola Price Performance

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. UBS Group reiterated 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. Barclays restated an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Finally, Bank of America raised their price objective on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $79.08.

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CocaCola Profile

(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.

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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