Mitsubishi UFJ Trust & Banking Corp Sells 60,169 Shares of CocaCola Company (The) $KO

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,188,550 shares of the company’s stock after selling 60,169 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in CocaCola were worth $145,145,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Weiss Ratings reiterated 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 research report on Thursday, October 23rd. Piper Sandler lifted their price target on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, TD Cowen reiterated a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat, CocaCola currently has an average rating of “Buy” and a consensus target price of $79.08.

Check Out Our Latest Stock Analysis on CocaCola

CocaCola Price Performance

KO stock opened at $72.93 on Friday. The company’s 50-day moving average price is $70.66 and its two-hundred day moving average price is $69.37. The firm has a market cap of $313.69 billion, a P/E ratio of 24.15, a P/E/G ratio of 3.70 and a beta of 0.39. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. CocaCola Company has a 12 month low of $61.44 and a 12 month high of $74.38.

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

More CocaCola News

Here are the key news stories impacting CocaCola this week:

Insiders Place Their Bets

In related news, EVP Manuel Arroyo sold 139,689 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president directly owned 58,067 shares in the company, 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 available through this link. Also, COO Henrique Braun sold 40,390 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $70.93, for a total value of $2,864,862.70. Following the completion of the sale, the chief operating officer directly owned 62,621 shares in the company, valued at $4,441,707.53. This trade represents a 39.21% decrease in their ownership of the stock. 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 three months. Insiders own 0.97% of the company’s stock.

About CocaCola

(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.

See Also

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KOFree Report).

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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