CocaCola Company (The) $KO Shares Bought by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC lifted its position in shares of CocaCola Company (The) (NYSE:KO) by 45,342.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,717 shares of the company’s stock after acquiring an additional 37,634 shares during the quarter. Strengthening Families & Communities LLC’s holdings in CocaCola were worth $2,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its position 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 purchasing an additional 4,591 shares during the period. Revolve Wealth Partners LLC increased its position in shares of CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after purchasing an additional 293 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in CocaCola in the 1st quarter valued at $210,000. Wealthcare Advisory Partners LLC raised its position in shares of CocaCola by 8.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 46,468 shares of the company’s stock valued at $3,288,000 after buying an additional 3,543 shares during the last quarter. Finally, OLD National Bancorp IN grew its stake in CocaCola by 3.9% during the 2nd quarter. OLD National Bancorp IN now owns 76,437 shares of the company’s stock valued at $5,408,000 after acquiring an additional 2,874 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Stock Up 0.7%

Shares of KO opened at $75.36 on Tuesday. CocaCola Company has a 12-month low of $62.35 and a 12-month high of $75.70. The firm has a market cap of $324.18 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 3.84 and a beta of 0.36. The company’s 50-day moving average price is $70.92 and its 200 day moving average price is $69.53. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

Insider Activity at CocaCola

In related news, EVP Manuel Arroyo sold 139,689 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were 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 represents a 70.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the completion of the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $15,894,396.10. This represents a 12.40% 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 in the last three months. 0.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KO shares. Piper Sandler lifted their price objective on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Barclays reiterated an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $83.00 price objective on shares of CocaCola in a research report on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat.com, CocaCola has an average rating of “Buy” and an average price target of $79.69.

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.