Rakuten Investment Management Inc. Invests $769,000 in CocaCola Company (The) $KO

Rakuten Investment Management Inc. acquired a new position in CocaCola Company (The) (NYSE:KOFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,599 shares of the company’s stock, valued at approximately $769,000.

A number of other hedge funds have also recently bought and sold shares of KO. Sava Infond d.o.o. lifted its stake in CocaCola by 210.8% during the second quarter. Sava Infond d.o.o. now owns 5,750 shares of the company’s stock worth $407,000 after purchasing an additional 3,900 shares during the period. Vanguard Group Inc. raised its holdings 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 worth $25,996,519,000 after buying an additional 6,241,163 shares in the last quarter. Aberdeen Group plc lifted its position in shares of CocaCola by 5.0% during the 2nd quarter. Aberdeen Group plc now owns 4,557,668 shares of the company’s stock worth $322,455,000 after buying an additional 216,752 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in CocaCola in the 2nd quarter valued at $22,443,000. Finally, Yeomans Consulting Group Inc. boosted its stake in CocaCola by 88.9% in the 3rd quarter. Yeomans Consulting Group Inc. now owns 69,020 shares of the company’s stock valued at $4,609,000 after buying an additional 32,478 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

CocaCola Stock Performance

Shares of CocaCola stock opened at $72.93 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $70.66 and a 200 day simple moving average of $69.36. CocaCola Company has a fifty-two week low of $61.44 and a fifty-two week high of $74.38. The firm has a market cap of $313.69 billion, a P/E ratio of 24.15, a P/E/G ratio of 3.75 and a beta of 0.39.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Bank of America raised their price objective on shares of CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Thursday. Finally, UBS Group reaffirmed a “buy” rating on shares of CocaCola in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $79.08.

Read Our Latest Research Report on KO

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

Insider Activity

In other news, 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 transaction of $2,864,862.70. Following the completion of the sale, the chief operating officer owned 62,621 shares in the company, valued at $4,441,707.53. The trade was a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $71.17, for a total value of $2,250,751.25. Following the transaction, the executive vice president directly owned 223,330 shares in the company, valued at $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. In the last ninety days, insiders sold 211,704 shares of company stock valued at $15,005,595. Company insiders own 0.97% of the company’s stock.

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.

Featured Stories

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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