CocaCola Company (The) $KO Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its position in CocaCola Company (The) (NYSE:KO) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 339,397 shares of the company’s stock after purchasing an additional 22,041 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in CocaCola were worth $22,627,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KO. Sava Infond d.o.o. raised its position in CocaCola by 210.8% in the second quarter. Sava Infond d.o.o. now owns 5,750 shares of the company’s stock valued at $407,000 after purchasing an additional 3,900 shares during the period. Vanguard Group Inc. grew its stake in shares of CocaCola by 1.7% in the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after buying an additional 6,241,163 shares in the last quarter. Aberdeen Group plc grew its stake in shares of CocaCola by 5.0% in the second quarter. Aberdeen Group plc now owns 4,557,668 shares of the company’s stock valued at $322,455,000 after buying an additional 216,752 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in CocaCola during the 2nd quarter worth about $22,443,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in CocaCola by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock worth $690,311,000 after acquiring an additional 198,886 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $83.00 price target on shares of CocaCola in a research note on Thursday. Wells Fargo & Company increased their target price on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. UBS Group reissued a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. Bank of America upped their price objective on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. One 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, CocaCola currently has an average rating of “Buy” and an average price target of $79.69.

CocaCola Price Performance

Shares of KO opened at $73.39 on Friday. The firm has a market capitalization of $315.70 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 3.75 and a beta of 0.39. The firm’s fifty day simple moving average is $70.83 and its 200-day simple moving average is $69.46. CocaCola Company has a twelve month low of $62.35 and a twelve month high of $74.38. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

Insiders Place Their Bets

In other news, COO Henrique Braun sold 40,390 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the sale, the chief operating officer owned 62,621 shares of the company’s stock, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Manuel Arroyo sold 139,689 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $70.80, for a total value of $9,889,981.20. Following the completion of the transaction, the executive vice president directly owned 58,067 shares of the company’s stock, valued at $4,111,143.60. This trade represents a 70.64% 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 valued at $15,005,595 in the last ninety days. Insiders own 0.97% of the company’s stock.

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.