Nicola Wealth Management LTD. Buys 55,000 Shares of CocaCola Company (The) $KO

Nicola Wealth Management LTD. lifted its stake in shares of CocaCola Company (The) (NYSE:KO) by 42.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 185,000 shares of the company’s stock after acquiring an additional 55,000 shares during the period. Nicola Wealth Management LTD.’s holdings in CocaCola were worth $12,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in CocaCola in the second quarter valued at approximately $3,846,270,000. Vanguard Group Inc. lifted its stake in shares of CocaCola by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after acquiring an additional 6,241,163 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of CocaCola by 7,239.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock valued at $435,086,000 after acquiring an additional 6,065,840 shares in the last quarter. Assenagon Asset Management S.A. grew its position in CocaCola by 343.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,486,096 shares of the company’s stock worth $297,518,000 after acquiring an additional 3,474,015 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in CocaCola by 28.7% in the 2nd quarter. Schroder Investment Management Group now owns 11,713,984 shares of the company’s stock worth $828,764,000 after purchasing an additional 2,613,316 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KO. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Thursday. UBS Group reiterated a “buy” rating on shares of CocaCola in a report on Friday, December 5th. Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Wells Fargo & Company lifted their price target on shares of CocaCola from $75.00 to $79.00 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 report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $79.08.

Insider Transactions at CocaCola

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 58,067 shares of the company’s stock, valued at approximately $4,111,143.60. The trade was a 70.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 31,625 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $71.17, for a total value of $2,250,751.25. Following the transaction, the executive vice president owned 223,330 shares in the company, valued at $15,894,396.10. The trade was a 12.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 211,704 shares of company stock valued at $15,005,595. Corporate insiders own 0.90% of the company’s stock.

CocaCola Trading Down 0.4%

KO opened at $72.60 on Tuesday. CocaCola Company has a twelve month low of $62.28 and a twelve month high of $74.38. The company has a fifty day moving average of $70.70 and a 200-day moving average of $69.38. The stock has a market cap of $312.30 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 3.75 and a beta of 0.39. 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 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.