TD Waterhouse Canada Inc. Raises Stock Position in CocaCola Company (The) $KO

TD Waterhouse Canada Inc. boosted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 6.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 339,397 shares of the company’s stock after purchasing an additional 22,041 shares during the period. TD Waterhouse Canada Inc.’s holdings in CocaCola were worth $22,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paulson Wealth Management Inc. boosted its stake in shares of CocaCola by 2.2% in the second 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 last quarter. Summitry LLC lifted its holdings in CocaCola by 1.9% in the second quarter. Summitry LLC now owns 7,865 shares of the company’s stock valued at $556,000 after acquiring an additional 149 shares during the period. Ashton Thomas Securities LLC boosted its position in CocaCola by 1.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock worth $835,000 after purchasing an additional 149 shares in the last quarter. Cetera Trust Company N.A grew its stake in shares of CocaCola by 0.5% during the 2nd quarter. Cetera Trust Company N.A now owns 30,371 shares of the company’s stock worth $2,149,000 after purchasing an additional 150 shares during the period. Finally, Diversified Enterprises LLC increased its holdings in shares of CocaCola by 1.0% during the 3rd quarter. Diversified Enterprises LLC now owns 14,656 shares of the company’s stock valued at $972,000 after purchasing an additional 150 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Trading Up 0.5%

Shares of KO stock opened at $73.39 on Friday. CocaCola Company has a fifty-two week low of $62.35 and a fifty-two week high of $74.38. 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’s fifty day moving average is $70.83 and its two-hundred day moving average is $69.46. The firm has a market capitalization of $315.70 billion, a P/E ratio of 24.30, a PEG ratio of 3.75 and a beta of 0.39.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KO. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $83.00 price target on shares of CocaCola in a report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Thursday, January 22nd. UBS Group restated a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Finally, Wells Fargo & Company increased their price target on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $79.69.

Insider Transactions at CocaCola

In related news, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the transaction, the executive vice president directly owned 223,330 shares in the company, valued at approximately $15,894,396.10. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Henrique Braun sold 40,390 shares of the stock in a transaction dated Tuesday, November 11th. The shares were 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 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 position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 211,704 shares of company stock valued at $15,005,595. Corporate insiders own 0.97% of the company’s stock.

CocaCola Company 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.