Vest Financial LLC Purchases 68,783 Shares of CocaCola Company (The) $KO

Vest Financial LLC boosted its holdings in shares of CocaCola Company (The) (NYSE:KOFree Report) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 887,023 shares of the company’s stock after purchasing an additional 68,783 shares during the quarter. Vest Financial LLC’s holdings in CocaCola were worth $58,827,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in shares of CocaCola by 5,142.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 360 shares during the last quarter. Headlands Technologies LLC purchased a new position in CocaCola during the second quarter valued at $26,000. Marquette Asset Management LLC bought a new stake in CocaCola in the 3rd quarter valued at $27,000. MMA Asset Management LLC bought a new stake in CocaCola in the 2nd quarter valued at $34,000. Finally, GFG Capital LLC purchased a new stake in CocaCola in the 2nd quarter worth $34,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Monica Howard Douglas sold 13,548 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $69.93, for a total value of $947,411.64. Following the sale, the executive vice president directly owned 37,725 shares in the company, valued at approximately $2,638,109.25. This represents a 26.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $71.17, for a total value of $2,250,751.25. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 225,252 shares of company stock valued at $15,953,007. 0.90% of the stock is currently owned by corporate insiders.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Bank of America lifted their target price on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Wells Fargo & Company upped their price target on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Piper Sandler lifted their price objective on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to MarketBeat, CocaCola currently has an average rating of “Buy” and a consensus price target of $79.08.

View Our Latest Stock Report on KO

CocaCola Price Performance

CocaCola stock opened at $71.76 on Wednesday. CocaCola Company has a 12-month low of $61.37 and a 12-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. The firm has a 50-day moving average price of $70.60 and a 200-day moving average price of $69.32. The firm has a market capitalization of $308.68 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.62 and a beta of 0.39.

CocaCola (NYSE:KOGet Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $12.46 billion for the quarter, compared to analyst estimates of $12.46 billion. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. As a group, equities research analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

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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