First Interstate Bank Has $1.17 Million Position in CocaCola Company (The) $KO

First Interstate Bank boosted its holdings in CocaCola Company (The) (NYSE:KOFree Report) by 67.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,646 shares of the company’s stock after acquiring an additional 7,095 shares during the period. First Interstate Bank’s holdings in CocaCola were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of CocaCola by 5,142.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after buying an additional 360 shares during the last quarter. Headlands Technologies LLC acquired a new stake in CocaCola during the second quarter worth approximately $26,000. Marquette Asset Management LLC bought a new stake in shares of CocaCola during the third quarter worth approximately $27,000. GFG Capital LLC acquired a new position in shares of CocaCola in the second quarter valued at approximately $34,000. Finally, MMA Asset Management LLC acquired a new position in shares of CocaCola in the second quarter valued at approximately $34,000. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Piper Sandler increased their price objective on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Bank of America lifted their target price on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $79.08.

Get Our Latest Research Report on CocaCola

CocaCola Stock Up 1.9%

KO stock opened at $71.76 on Wednesday. CocaCola Company has a 52 week low of $61.37 and a 52 week high of $74.38. The business has a 50-day simple moving average of $70.60 and a 200 day simple moving average of $69.32. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. The company has a market cap of $308.68 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.62 and a beta of 0.39.

CocaCola (NYSE:KOGet Free Report) last released its earnings results on Tuesday, October 21st. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The firm had revenue of $12.46 billion for the quarter, compared to analyst estimates of $12.46 billion. During the same period last year, the firm earned $0.77 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Max R. Levchin acquired 7,206 shares of the stock in a transaction on Friday, October 24th. The stock was acquired at an average cost of $69.87 per share, for a total transaction of $503,483.22. Following the completion of the transaction, the director directly owned 14,267 shares in the company, valued at approximately $996,835.29. This trade represents a 102.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Monica Howard Douglas sold 13,548 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $69.93, for a total value of $947,411.64. Following the completion of the sale, the executive vice president directly owned 37,725 shares in the company, valued at approximately $2,638,109.25. This represents a 26.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 225,252 shares of company stock valued at $15,953,007 over the last three months. 0.90% of the stock is owned by corporate insiders.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

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.

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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