Aware Super Pty Ltd as trustee of Aware Super Decreases Holdings in CocaCola Company (The) $KO

Key Points

• Aware Super Pty Ltd decreased its holdings in Coca-Cola Company by 11.6% during Q2, selling 15,325 shares, which left it with 117,015 shares valued at approximately $8.28 million.
• Coca-Cola shares have traded down 0.7%, with a current price of $67.03 and a market capitalization of $288.49 billion.
• Analysts have a consensus rating of "Buy" for Coca-Cola stock, with a price target averaging $76.69, indicating potential for future growth.

Aware Super Pty Ltd as trustee of Aware Super decreased its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 11.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,015 shares of the company's stock after selling 15,325 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in CocaCola were worth $8,279,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of KO. MorganRosel Wealth Management LLC purchased a new position in shares of CocaCola in the first quarter valued at approximately $25,000. 1248 Management LLC acquired a new stake in CocaCola during the 1st quarter worth $26,000. Garde Capital Inc. purchased a new stake in shares of CocaCola during the first quarter worth $30,000. Mizuho Securities Co. Ltd. grew its holdings in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC raised its position in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after buying an additional 285 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Trading Down 0.7%

Shares of CocaCola stock opened at $67.03 on Thursday. The stock has a 50 day moving average of $67.93 and a 200 day moving average of $69.78. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The firm has a market capitalization of $288.49 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.52 and a beta of 0.43. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The company had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. As a group, research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on KO shares. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. Weiss Ratings restated a "buy (b-)" rating on shares of CocaCola in a research report on Wednesday, October 8th. Wells Fargo & Company cut their price target on CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. BNP Paribas reissued an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Finally, UBS Group cut their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $76.69.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.97% of the stock is currently owned by company insiders.

CocaCola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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