Hantz Financial Services Inc. Sells 8,771 Shares of CocaCola Company (The) $KO

Hantz Financial Services Inc. trimmed its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,184 shares of the company’s stock after selling 8,771 shares during the quarter. Hantz Financial Services Inc.’s holdings in CocaCola were worth $12,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after buying an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of CocaCola by 3.4% in the fourth 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 bought a new position in shares of CocaCola during the first quarter valued at about $210,000. Grimes & Company Inc. boosted its holdings in shares of CocaCola by 10.9% during the second quarter. Grimes & Company Inc. now owns 26,140 shares of the company’s stock worth $1,849,000 after purchasing an additional 2,563 shares during the period. Finally, Belpointe Asset Management LLC grew its stake in shares of CocaCola by 1.0% in the second quarter. Belpointe Asset Management LLC now owns 37,086 shares of the company’s stock worth $2,624,000 after purchasing an additional 357 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

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Analysts Set New Price Targets

A number of research analysts have commented on the company. Bank of America upped their price target on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $83.00 target price on shares of CocaCola in a report on Thursday, January 29th. UBS Group reiterated a “buy” rating and issued a $82.00 price target on shares of CocaCola in a report on Tuesday. Evercore ISI restated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Finally, Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $79.85.

Check Out Our Latest Report on KO

Insider Activity at CocaCola

In other news, COO Henrique Braun sold 40,390 shares of the 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 directly 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 legal filing with the SEC, which is accessible through this link. Also, EVP Manuel Arroyo sold 139,689 shares of CocaCola 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 directly owned 58,067 shares of the company’s stock, valued at approximately $4,111,143.60. This represents a 70.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 211,704 shares of company stock valued at $15,005,595 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

CocaCola Price Performance

Shares of NYSE KO opened at $76.96 on Wednesday. The company has a 50 day simple moving average of $71.01 and a two-hundred day simple moving average of $69.58. CocaCola Company has a fifty-two week low of $62.35 and a fifty-two week high of $77.50. The company has a market capitalization of $331.05 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 3.87 and a beta of 0.36. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21.

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.

Further Reading

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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