UniSuper Management Pty Ltd Has $45.58 Million Stock Position in CocaCola Company (The) $KO

UniSuper Management Pty Ltd boosted its position in shares of CocaCola Company (The) (NYSE:KOFree Report) by 7.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 687,309 shares of the company’s stock after buying an additional 49,729 shares during the period. UniSuper Management Pty Ltd’s holdings in CocaCola were worth $45,582,000 at the end of the most recent reporting period.

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

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

Insider Buying and Selling at CocaCola

In related news, 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 sale, the chief operating officer owned 62,621 shares in the company, 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 document filed with the SEC, which can be accessed through this link. Also, 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 value of $9,889,981.20. Following the transaction, the executive vice president owned 58,067 shares in the company, valued at approximately $4,111,143.60. This trade represents a 70.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 211,704 shares of company stock valued at $15,005,595. 0.97% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KO. UBS Group restated a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. Bank of America increased their price objective on shares of CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Wells Fargo & Company boosted their target price on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Piper Sandler upped their target price on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $79.08.

Read Our Latest Report on CocaCola

CocaCola Stock Performance

Shares of NYSE:KO opened at $72.93 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. CocaCola Company has a 1-year low of $61.44 and a 1-year high of $74.38. The stock has a market capitalization 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 business has a 50-day moving average price of $70.66 and a two-hundred day moving average price of $69.37.

CocaCola (NYSE:KOGet Free Report) last issued its earnings results on Tuesday, October 21st. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. Equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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