HighTower Advisors LLC Purchases 312,330 Shares of CocaCola Company (The) $KO

HighTower Advisors LLC raised its holdings in shares of CocaCola Company (The) (NYSE:KOFree Report) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,906,850 shares of the company’s stock after acquiring an additional 312,330 shares during the period. HighTower Advisors LLC’s holdings in CocaCola were worth $192,784,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in CocaCola by 5,142.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares during the period. Headlands Technologies LLC bought a new position in shares of CocaCola during the second quarter valued at about $26,000. Marquette Asset Management LLC purchased a new position in CocaCola during the 3rd quarter valued at about $27,000. Cloud Capital Management LLC purchased a new position in shares of CocaCola during the third quarter valued at approximately $27,000. Finally, MMA Asset Management LLC purchased a new position in CocaCola during the 2nd quarter valued at $34,000. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO James Quincey sold 337,824 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $77.10, for a total transaction of $26,046,230.40. Following the transaction, the chief executive officer owned 342,546 shares in the company, valued at $26,410,296.60. This represents a 49.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $71.17, for a total transaction 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 trade represents a 12.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.97% of the company’s stock.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KO shares. Truist Financial set a $85.00 target price on shares of CocaCola in a research note on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and set a $87.00 price objective on shares of CocaCola in a research report on Wednesday. Evercore ISI reiterated an “outperform” rating and set a $85.00 target price on shares of CocaCola in a report on Wednesday. Jefferies Financial Group lowered their target price on CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, UBS Group lifted their price target on CocaCola from $82.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola has an average rating of “Buy” and an average target price of $84.19.

Check Out Our Latest Stock Analysis on CocaCola

CocaCola Stock Performance

Shares of CocaCola stock opened at $78.68 on Friday. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $80.41. The firm’s 50-day moving average is $72.08 and its 200 day moving average is $70.09. The stock has a market cap of $338.46 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 3.30 and a beta of 0.36. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.46 and a quick ratio of 1.00.

CocaCola (NYSE:KOGet Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $11.80 billion during the quarter, compared to analyst estimates of $12.04 billion. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. CocaCola’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS. Sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

About CocaCola

(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

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KOFree Report).

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

Receive News & Ratings for CocaCola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CocaCola and related companies with MarketBeat.com's FREE daily email newsletter.