Quilter Plc Purchases 91,630 Shares of CocaCola Company (The) $KO

Quilter Plc lifted its position in CocaCola Company (The) (NYSE:KOFree Report) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,658,469 shares of the company’s stock after buying an additional 91,630 shares during the period. CocaCola makes up about 1.9% of Quilter Plc’s portfolio, making the stock its 17th largest position. Quilter Plc’s holdings in CocaCola were worth $109,990,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in CocaCola by 1.7% in the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after purchasing an additional 6,241,163 shares during the last quarter. Norges Bank purchased a new stake in shares of CocaCola during the 2nd quarter valued at $3,846,270,000. Legal & General Group Plc boosted its position in shares of CocaCola by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 27,281,552 shares of the company’s stock worth $1,930,170,000 after purchasing an additional 285,794 shares in the last quarter. Invesco Ltd. grew its stake in CocaCola by 10.9% during the 2nd quarter. Invesco Ltd. now owns 25,328,083 shares of the company’s stock worth $1,791,962,000 after buying an additional 2,497,585 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in CocaCola by 15.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,557,659 shares of the company’s stock valued at $1,312,954,000 after buying an additional 2,423,914 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

KO has been the topic of a number of research analyst reports. TD Cowen restated a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. Bank of America boosted their target price 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. Wells Fargo & Company upped their price target on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. UBS Group reiterated a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat, CocaCola currently has an average rating of “Buy” and a consensus price target of $79.08.

Get Our Latest Stock Report on KO

CocaCola Trading Up 1.5%

Shares of CocaCola stock opened at $72.93 on Friday. The stock has a market cap of $313.69 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 3.75 and a beta of 0.39. The firm has a fifty day moving average price of $70.66 and a 200 day moving average price of $69.36. 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.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

Insider Activity

In related news, COO Henrique Braun sold 40,390 shares of CocaCola stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer directly owned 62,621 shares in the company, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the sale, the executive vice president owned 223,330 shares in the company, valued at approximately $15,894,396.10. This represents a 12.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 211,704 shares of company stock valued at $15,005,595 in the last quarter. 0.97% of the stock is currently owned by company insiders.

CocaCola Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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