CocaCola Company (The) $KO Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System raised its stake in CocaCola Company (The) (NYSE:KO) by 0.1% in the second quarter, HoldingsChannel reports. The fund owned 3,074,868 shares of the company’s stock after purchasing an additional 1,700 shares during the period. New York State Teachers Retirement System’s holdings in CocaCola were worth $217,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KO. MorganRosel Wealth Management LLC purchased a new stake in CocaCola in the 1st quarter worth $25,000. 1248 Management LLC purchased a new stake in CocaCola in the 1st quarter valued at $26,000. Garde Capital Inc. purchased a new stake in CocaCola in the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. lifted its stake in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC lifted its stake in shares of CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Stock Down 0.7%

KO opened at $67.03 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The business has a 50 day simple moving average of $67.93 and a 200-day simple moving average of $69.78. The stock has a market capitalization of $288.49 billion, a P/E ratio of 23.77, a P/E/G ratio of 3.52 and a beta of 0.43. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. On average, equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. UBS Group dropped their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. raised their price target on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, CocaCola presently has an average rating of “Buy” and a consensus price target of $76.69.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.97% of the company’s stock.

About CocaCola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.