Intact Investment Management Inc. Buys 11,900 Shares of CocaCola Company (The) $KO

Intact Investment Management Inc. boosted its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 5.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 247,100 shares of the company’s stock after buying an additional 11,900 shares during the period. Intact Investment Management Inc.’s holdings in CocaCola were worth $16,388,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KO. Caitong International Asset Management Co. Ltd grew its position 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 valued at $26,000 after purchasing an additional 360 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of CocaCola in the second quarter worth about $26,000. Marquette Asset Management LLC bought a new position in CocaCola during the third quarter valued at approximately $27,000. GFG Capital LLC purchased a new position in CocaCola during the 2nd quarter valued at approximately $34,000. Finally, MMA Asset Management LLC purchased a new stake in shares of CocaCola during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

Analyst Ratings Changes

A number of research analysts recently weighed in on KO shares. Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Wells Fargo & Company upped their target price on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. UBS Group restated a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. Finally, TD Cowen reissued a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. One 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 stock presently has a consensus rating of “Buy” and a consensus price target of $79.08.

View Our Latest Research Report on KO

Insider Transactions at CocaCola

In related news, COO Henrique Braun sold 40,390 shares of CocaCola stock in a transaction dated Tuesday, November 11th. The shares were 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. This trade represents a 39.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 transaction, the executive vice president owned 223,330 shares in the company, valued at $15,894,396.10. This represents a 12.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 211,704 shares of company stock worth $15,005,595. 0.90% of the stock is currently owned by insiders.

CocaCola Trading Up 1.5%

Shares of NYSE KO opened at $72.93 on Monday. CocaCola Company has a fifty-two week low of $61.44 and a fifty-two week high of $74.38. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. The company has a market cap of $313.69 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 3.75 and a beta of 0.39. The business’s 50 day moving average price is $70.66 and its 200-day moving average price is $69.36.

About CocaCola

(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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