Mitsubishi UFJ Trust & Banking Corp Has $145.15 Million Stake in CocaCola Company (The) $KO

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of CocaCola Company (The) (NYSE:KOFree Report) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,188,550 shares of the company’s stock after selling 60,169 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of CocaCola worth $145,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KO. Brighton Jones LLC boosted its position in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC raised its stake in CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in CocaCola during the 1st quarter valued at $210,000. Beacon Investment Advisory Services Inc. boosted its holdings in CocaCola by 74.9% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 11,487 shares of the company’s stock valued at $813,000 after purchasing an additional 4,919 shares during the period. Finally, McAdam LLC grew its position in CocaCola by 6.0% in the 2nd quarter. McAdam LLC now owns 14,917 shares of the company’s stock worth $1,055,000 after purchasing an additional 843 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Key CocaCola News

Here are the key news stories impacting CocaCola this week:

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KO. Wells Fargo & Company upped their price objective on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. UBS Group reaffirmed a “buy” rating on shares of CocaCola in a report on Friday, December 5th. Piper Sandler lifted their price objective on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Evercore ISI restated an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. One research 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 an average rating of “Buy” and an average target price of $79.08.

View Our Latest Stock Analysis on KO

CocaCola Trading Up 1.5%

Shares of CocaCola stock opened at $72.93 on Friday. CocaCola Company has a 12-month low of $61.44 and a 12-month high of $74.38. The stock has a market capitalization of $313.69 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 3.70 and a beta of 0.39. The company has a 50-day simple moving average of $70.66 and a 200 day simple moving average of $69.37. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30.

CocaCola (NYSE:KOGet Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. The firm had revenue of $12.46 billion for the quarter, compared to analysts’ expectations of $12.46 billion. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. Research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

Insider Transactions at CocaCola

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of CocaCola stock in a transaction on Friday, November 14th. The stock was sold at an average price of $70.80, for a total value of $9,889,981.20. Following the completion of the transaction, the executive vice president owned 58,067 shares in the company, valued at approximately $4,111,143.60. The trade was a 70.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $2,864,862.70. Following the completion of the transaction, the chief operating officer directly owned 62,621 shares in the company, valued at approximately $4,441,707.53. This represents a 39.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 211,704 shares of company stock valued at $15,005,595 in the last three months. 0.97% of the stock is owned by corporate insiders.

CocaCola Company Profile

(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

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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