NWF Advisory Services Inc. Purchases 7,091 Shares of CocaCola Company (The) $KO

NWF Advisory Services Inc. boosted its position in CocaCola Company (The) (NYSE:KO) by 16.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 50,824 shares of the company’s stock after acquiring an additional 7,091 shares during the period. NWF Advisory Services Inc.’s holdings in CocaCola were worth $3,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust lifted its stake in shares of CocaCola by 58.1% during the 3rd quarter. Bank of Jackson Hole Trust now owns 2,627 shares of the company’s stock valued at $174,000 after buying an additional 965 shares in the last quarter. Alta Advisers Ltd raised its holdings in CocaCola by 2.4% during the 3rd quarter. Alta Advisers Ltd now owns 19,310 shares of the company’s stock valued at $1,281,000 after acquiring an additional 450 shares during the period. Nicola Wealth Management LTD. lifted its position in shares of CocaCola by 42.3% during the third quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock worth $12,269,000 after acquiring an additional 55,000 shares in the last quarter. Savoir Faire Capital Management L.P. boosted its holdings in shares of CocaCola by 22.6% in the third quarter. Savoir Faire Capital Management L.P. now owns 177,007 shares of the company’s stock worth $11,739,000 after acquiring an additional 32,640 shares during the period. Finally, Avantax Planning Partners Inc. grew its position in shares of CocaCola by 2.5% in the third quarter. Avantax Planning Partners Inc. now owns 178,388 shares of the company’s stock valued at $11,831,000 after purchasing an additional 4,305 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Trading Down 0.4%

NYSE KO opened at $72.60 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. The stock’s 50-day simple moving average is $70.70 and its two-hundred day simple moving average is $69.38. CocaCola Company has a twelve month low of $62.28 and a twelve month high of $74.38. The company has a market capitalization of $312.30 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 3.75 and a beta of 0.39.

Insiders Place Their Bets

In related news, EVP Manuel Arroyo sold 139,689 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the transaction, the executive vice president owned 58,067 shares of the company’s stock, valued at approximately $4,111,143.60. This trade represents a 70.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Henrique Braun sold 40,390 shares of the business’s stock in a transaction 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 sale, the chief operating officer directly owned 62,621 shares of the company’s stock, valued at $4,441,707.53. This represents a 39.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 211,704 shares of company stock valued at $15,005,595 over the last quarter. 0.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Thursday. Wells Fargo & Company increased their target price on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Bank of America boosted their price target on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 7th. TD Cowen restated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Finally, Barclays reiterated an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $79.08.

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.