Intact Investment Management Inc. Increases Stock Position in CocaCola Company (The) $KO

Intact Investment Management Inc. lifted its stake in CocaCola Company (The) (NYSE:KOFree Report) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 247,100 shares of the company’s stock after acquiring an additional 11,900 shares during the quarter. Intact Investment Management Inc.’s holdings in CocaCola were worth $16,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Requisite Capital Management LLC raised its stake in CocaCola by 2.8% during the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock valued at $377,000 after buying an additional 142 shares during the last quarter. Paulson Wealth Management Inc. grew its holdings in shares of CocaCola by 2.2% in the second quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock worth $479,000 after acquiring an additional 149 shares during the period. Summitry LLC increased its position in CocaCola by 1.9% during the second quarter. Summitry LLC now owns 7,865 shares of the company’s stock valued at $556,000 after acquiring an additional 149 shares during the last quarter. Ashton Thomas Securities LLC increased its position in CocaCola by 1.2% during the third quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock valued at $835,000 after acquiring an additional 149 shares during the last quarter. Finally, Cetera Trust Company N.A lifted its holdings in CocaCola by 0.5% in the second quarter. Cetera Trust Company N.A now owns 30,371 shares of the company’s stock valued at $2,149,000 after acquiring an additional 150 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Activity at CocaCola

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Henrique Braun sold 40,390 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer directly owned 62,621 shares of the company’s stock, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 211,704 shares of company stock worth $15,005,595. 0.90% of the stock is owned by corporate insiders.

CocaCola Price Performance

Shares of NYSE:KO opened at $72.93 on Monday. The company has a market capitalization of $313.69 billion, a P/E ratio of 24.15, a P/E/G ratio of 3.75 and a beta of 0.39. CocaCola Company has a 1-year low of $61.44 and a 1-year high of $74.38. The firm’s 50 day simple moving average is $70.66 and its two-hundred day simple moving average is $69.36. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. TD Cowen restated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Piper Sandler upped 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Thursday. Finally, Wells Fargo & Company boosted their price objective on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $79.08.

Check Out Our Latest Analysis on CocaCola

Key Stories Impacting CocaCola

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CocaCola Company 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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