Rakuten Investment Management Inc. Buys Shares of 11,599 CocaCola Company (The) $KO

Rakuten Investment Management Inc. purchased a new stake in CocaCola Company (The) (NYSE:KOFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,599 shares of the company’s stock, valued at approximately $769,000.

A number of other institutional investors have also made changes to their positions in KO. Caitong International Asset Management Co. Ltd boosted its holdings in CocaCola by 5,142.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after buying an additional 360 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of CocaCola in the 2nd quarter valued at approximately $26,000. Marquette Asset Management LLC bought a new position in CocaCola during the 3rd quarter worth approximately $27,000. GFG Capital LLC acquired a new position in CocaCola during the second quarter valued at approximately $34,000. Finally, MMA Asset Management LLC bought a new stake in CocaCola in the second quarter valued at approximately $34,000. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

CocaCola Stock Performance

Shares of CocaCola stock opened at $72.93 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. The firm has a market cap of $313.69 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 3.75 and a beta of 0.39. The stock’s 50-day moving average is $70.66 and its 200-day moving average is $69.36. CocaCola Company has a one year low of $61.44 and a one year high of $74.38.

Insider Buying and Selling at CocaCola

In other CocaCola news, COO Henrique Braun sold 40,390 shares of the business’s stock in a transaction that occurred 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 owned 62,621 shares in the company, valued at approximately $4,441,707.53. The trade was a 39.21% decrease in their position. 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 the firm’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 211,704 shares of company stock worth $15,005,595. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KO shares. Barclays reissued an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. Piper Sandler lifted their target price on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Thursday. Bank of America raised their price target on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, TD Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $79.08.

Read Our Latest Stock Report on KO

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.

Featured Stories

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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