Strs Ohio Has $80.71 Million Stock Position in CocaCola Company (The) $KO

Strs Ohio cut its stake in CocaCola Company (The) (NYSE:KO) by 5.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,216,896 shares of the company’s stock after selling 65,361 shares during the period. Strs Ohio’s holdings in CocaCola were worth $80,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in KO. Atlas Legacy Advisors LLC bought a new stake in CocaCola during the third quarter worth $292,000. FWG Holdings LLC grew its holdings in CocaCola by 3.6% during the 3rd quarter. FWG Holdings LLC now owns 11,144 shares of the company’s stock worth $762,000 after acquiring an additional 384 shares during the last quarter. Leelyn Smith LLC grew its holdings in CocaCola by 3.3% during the 3rd quarter. Leelyn Smith LLC now owns 44,391 shares of the company’s stock worth $2,944,000 after acquiring an additional 1,429 shares during the last quarter. Accredited Investors Inc. raised its stake in shares of CocaCola by 3.8% during the third quarter. Accredited Investors Inc. now owns 15,199 shares of the company’s stock valued at $1,008,000 after acquiring an additional 551 shares during the last quarter. Finally, BIP Wealth LLC lifted its holdings in shares of CocaCola by 4.6% during the third quarter. BIP Wealth LLC now owns 41,046 shares of the company’s stock worth $2,722,000 after purchasing an additional 1,796 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity

In other news, COO Henrique Braun sold 40,390 shares of the business’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 completion of the transaction, the chief operating officer owned 62,621 shares of the company’s stock, valued at approximately $4,441,707.53. The trade was a 39.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 directly owned 223,330 shares of the company’s stock, valued at approximately $15,894,396.10. This represents a 12.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 211,704 shares of company stock worth $15,005,595 in the last three months. Corporate insiders own 0.97% of the company’s stock.

CocaCola Stock Down 0.2%

KO stock opened at $71.90 on Friday. CocaCola Company has a fifty-two week low of $61.37 and a fifty-two week high of $74.38. The company has a market capitalization of $309.29 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 3.70 and a beta of 0.39. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. The stock has a fifty day moving average of $70.63 and a 200-day moving average of $69.36.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, October 21st. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The company had revenue of $12.46 billion during the quarter, compared to analyst estimates of $12.46 billion. During the same period last year, the business earned $0.77 earnings per share. CocaCola’s revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KO shares. Evercore ISI restated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Piper Sandler boosted their price target on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. TD Cowen reiterated a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. UBS Group reissued 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 Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $79.08.

About CocaCola

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.