Commerzbank Aktiengesellschaft FI Raises Position in CocaCola Company (The) $KO

Commerzbank Aktiengesellschaft FI increased its position in CocaCola Company (The) (NYSE:KOFree Report) by 8.6% in the third quarter, Holdings Channel reports. The firm owned 2,073,774 shares of the company’s stock after purchasing an additional 164,817 shares during the quarter. CocaCola accounts for 2.9% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 10th biggest holding. Commerzbank Aktiengesellschaft FI’s holdings in CocaCola were worth $137,533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KO. Caitong International Asset Management Co. Ltd increased its holdings in shares of CocaCola by 5,142.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after acquiring an additional 360 shares during the last quarter. Headlands Technologies LLC acquired a new position in CocaCola in the second quarter worth $26,000. Marquette Asset Management LLC acquired a new position in CocaCola in the third quarter worth $27,000. MMA Asset Management LLC bought a new stake in CocaCola during the second quarter valued at $34,000. Finally, GFG Capital LLC bought a new position in shares of CocaCola in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other news, EVP Manuel Arroyo sold 139,689 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $70.80, for a total transaction 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. This trade represents a 70.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $15,894,396.10. The trade was a 12.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 211,704 shares of company stock valued at $15,005,595. 0.97% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KO shares. UBS Group reaffirmed a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Piper Sandler raised their price target on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research report on Thursday. Finally, Bank of America increased their target price on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, CocaCola presently has a consensus rating of “Buy” and an average target price of $79.08.

Check Out Our Latest Report on CocaCola

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

CocaCola Stock Performance

Shares of KO 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 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 market capitalization of $313.69 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 3.75 and a beta of 0.39. The business has a 50 day simple moving average of $70.66 and a 200 day simple moving average of $69.36.

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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