Vanguard Personalized Indexing Management LLC Sells 27,192 Shares of CocaCola Company (The) $KO

Vanguard Personalized Indexing Management LLC cut its stake in shares of CocaCola Company (The) (NYSE:KO) by 5.2% during the 3rd quarter, Holdings Channel reports. The fund owned 496,540 shares of the company’s stock after selling 27,192 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in CocaCola were worth $32,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Requisite Capital Management LLC boosted its position in shares of CocaCola by 2.8% during the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock worth $377,000 after purchasing an additional 142 shares in the last quarter. Paulson Wealth Management Inc. raised its stake in CocaCola by 2.2% during the 2nd quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock worth $479,000 after buying an additional 149 shares during the period. Summitry LLC boosted its holdings in CocaCola by 1.9% in the second quarter. Summitry LLC now owns 7,865 shares of the company’s stock worth $556,000 after acquiring an additional 149 shares in the last quarter. Ashton Thomas Securities LLC grew its stake in CocaCola by 1.2% in the third quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock valued at $835,000 after acquiring an additional 149 shares during the period. Finally, Cetera Trust Company N.A grew its stake in CocaCola by 0.5% in the second quarter. Cetera Trust Company N.A now owns 30,371 shares of the company’s stock valued at $2,149,000 after acquiring an additional 150 shares during the period. 70.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KO shares. Piper Sandler increased their target price on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Barclays restated an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Bank of America lifted their price objective on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 7th. UBS Group restated a “buy” rating on shares of CocaCola in a report on Friday, December 5th. Finally, Wells Fargo & Company raised their price target on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, CocaCola has a consensus rating of “Buy” and a consensus target price of $79.08.

Insider Buying and Selling

In other news, 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 completion of the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $15,894,396.10. This represents a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Manuel Arroyo sold 139,689 shares of the 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 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 211,704 shares of company stock worth $15,005,595. 0.90% of the stock is owned by insiders.

CocaCola Stock Performance

NYSE KO opened at $72.93 on Monday. CocaCola Company has a 1 year low of $61.44 and a 1 year high of $74.38. 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 firm has a market cap of $313.69 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 3.75 and a beta of 0.39. The company has a fifty day moving average price of $70.66 and a 200-day moving average price of $69.36.

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.