CocaCola Company (The) $KO Shares Purchased by Mutual Advisors LLC

Key Points

• Mutual Advisors LLC increased its stake in CocaCola Company by 7.5%, owning a total of 61,809 shares worth approximately $4.27 million.
• Insider Nikolaos Koumettis sold 37,396 shares of CocaCola at $69.10 each, reducing their ownership by 15.15%.
• CocaCola has a market capitalization of $288.49 billion and analysts have an average price target of $76.69 with a consensus rating of "Buy."

Mutual Advisors LLC raised its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,809 shares of the company's stock after purchasing an additional 4,302 shares during the period. Mutual Advisors LLC's holdings in CocaCola were worth $4,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in shares of CocaCola in the first quarter worth $1,508,657,000. Wellington Management Group LLP increased its position in shares of CocaCola by 52.7% in the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock worth $3,398,185,000 after acquiring an additional 16,383,870 shares in the last quarter. Boston Partners acquired a new stake in shares of CocaCola in the first quarter worth $642,183,000. Raymond James Financial Inc. increased its position in shares of CocaCola by 47.4% in the first quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company's stock worth $848,315,000 after acquiring an additional 3,810,752 shares in the last quarter. Finally, Amundi increased its position in shares of CocaCola by 16.0% in the first quarter. Amundi now owns 21,236,315 shares of the company's stock worth $1,554,074,000 after acquiring an additional 2,922,619 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction on 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 transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.97% of the stock is owned by company insiders.

CocaCola Price Performance

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

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KO. JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. BNP Paribas reissued an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. UBS Group dropped their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Wells Fargo & Company dropped their price objective on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Finally, Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. One equities research 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, CocaCola currently has a consensus rating of "Buy" and an average price target of $76.69.

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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