Flossbach Von Storch SE Purchases 6,907 Shares of CocaCola Company (The) $KO

Flossbach Von Storch SE increased its position in CocaCola Company (The) (NYSE:KO) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 869,928 shares of the company’s stock after buying an additional 6,907 shares during the quarter. Flossbach Von Storch SE’s holdings in CocaCola were worth $57,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in KO. Caitong International Asset Management Co. Ltd raised its stake 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 acquiring an additional 360 shares during the last quarter. Headlands Technologies LLC acquired a new stake in CocaCola in the second quarter valued at $26,000. Marquette Asset Management LLC acquired a new position in CocaCola during the 3rd quarter worth about $27,000. GFG Capital LLC bought a new stake in shares of CocaCola in the 2nd quarter valued at about $34,000. Finally, MMA Asset Management LLC bought a new stake in shares of CocaCola in the 2nd quarter valued at about $34,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

NYSE:KO opened at $73.04 on Thursday. 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 twelve month low of $62.35 and a twelve month high of $74.38. The company has a fifty day moving average of $70.79 and a 200-day moving average of $69.43. The firm has a market capitalization of $314.17 billion, a P/E ratio of 24.18, a P/E/G ratio of 3.77 and a beta of 0.39.

Insider Buying and Selling at CocaCola

In related news, EVP Manuel Arroyo sold 139,689 shares of the business’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 completion of the sale, the executive vice president directly owned 58,067 shares of the company’s stock, valued at $4,111,143.60. The trade was a 70.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Nancy Quan sold 31,625 shares of the company’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 transaction, the executive vice president directly owned 223,330 shares in the company, valued at approximately $15,894,396.10. This trade represents a 12.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 211,704 shares of company stock valued at $15,005,595. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the subject of a number of analyst reports. TD Cowen restated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Thursday, January 22nd. Piper Sandler boosted their price target 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. 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 research report on Friday, November 7th. Finally, Barclays restated an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $79.08.

CocaCola Company 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.