CocaCola Company (The) $KO Shares Sold by OneAscent Financial Services LLC

OneAscent Financial Services LLC lowered its position in shares of CocaCola Company (The) (NYSE:KO) by 48.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,527 shares of the company’s stock after selling 7,173 shares during the quarter. OneAscent Financial Services LLC’s holdings in CocaCola were worth $499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC grew its position in CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after buying an additional 293 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of CocaCola in the first quarter valued at $210,000. Archford Capital Strategies LLC lifted its position in shares of CocaCola by 23.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 6,024 shares of the company’s stock valued at $426,000 after acquiring an additional 1,153 shares during the last quarter. Finally, Janney Capital Management LLC boosted its stake in shares of CocaCola by 1.2% during the 2nd quarter. Janney Capital Management LLC now owns 46,353 shares of the company’s stock worth $3,279,000 after acquiring an additional 539 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Performance

Shares of NYSE:KO opened at $73.53 on Wednesday. The stock has a market capitalization of $316.28 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 3.73 and a beta of 0.39. 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 business’s fifty day moving average price is $70.75 and its two-hundred day moving average price is $69.41. CocaCola Company has a fifty-two week low of $62.28 and a fifty-two week high of $74.38.

Insider Buying and Selling

In other CocaCola news, COO Henrique Braun sold 40,390 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the transaction, the chief operating officer directly owned 62,621 shares in the company, valued at approximately $4,441,707.53. This represents a 39.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Manuel Arroyo sold 139,689 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the completion of the transaction, the executive vice president directly owned 58,067 shares in the company, valued at $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. Insiders sold a total of 211,704 shares of company stock worth $15,005,595 over the last three months. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America upped their target price on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Thursday, January 22nd. Barclays restated an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Finally, UBS Group reissued a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. 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, CocaCola currently has a consensus rating of “Buy” and a consensus price target of $79.08.

CocaCola Profile

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.