Tradewinds LLC. Purchases Shares of 16,674 CocaCola Company (The) $KO

Tradewinds LLC. acquired a new stake in shares of CocaCola Company (The) (NYSE:KO) in the third quarter, HoldingsChannel.com reports. The firm acquired 16,674 shares of the company’s stock, valued at approximately $1,106,000.

Several other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of CocaCola by 5,142.9% during the second 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 last quarter. Headlands Technologies LLC bought a new position in shares of CocaCola in the second quarter worth about $26,000. Marquette Asset Management LLC acquired a new position in shares of CocaCola during the third quarter worth approximately $27,000. MMA Asset Management LLC bought a new stake in shares of CocaCola during the second quarter valued at approximately $34,000. Finally, GFG Capital LLC acquired a new stake in shares of CocaCola in the second quarter valued at approximately $34,000. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In other news, EVP Manuel Arroyo sold 139,689 shares of the 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 completion of the sale, the executive vice president owned 58,067 shares of the company’s stock, valued at approximately $4,111,143.60. This represents a 70.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 223,330 shares in the company, valued at approximately $15,894,396.10. The trade was a 12.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 225,252 shares of company stock valued at $15,953,007. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on KO. Wells Fargo & Company increased their price objective on 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 report on Thursday, October 23rd. Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. Finally, TD Cowen increased their target price on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and an average price target of $79.08.

CocaCola Stock Performance

KO opened at $70.44 on Monday. 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 company has a market capitalization of $303.01 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 3.62 and a beta of 0.39. The business’s 50-day moving average price is $70.60 and its two-hundred day moving average price is $69.32. CocaCola Company has a 1 year low of $61.37 and a 1 year high of $74.38.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, October 21st. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $12.46 billion for the quarter, compared to analyst estimates of $12.46 billion. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.CocaCola’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. CocaCola has set its FY 2025 guidance at 2.966-2.966 EPS. Equities analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Company 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.