Alpha Cubed Investments LLC Has $19.43 Million Stock Holdings in CocaCola Company (The) $KO

Alpha Cubed Investments LLC decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 41.3% during the 3rd quarter, Holdings Channel reports. The fund owned 292,953 shares of the company’s stock after selling 206,375 shares during the quarter. Alpha Cubed Investments LLC’s holdings in CocaCola were worth $19,429,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Paulson Wealth Management Inc. grew its holdings in shares of CocaCola by 2.2% in the 2nd quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock valued at $479,000 after buying an additional 149 shares during the period. Summitry LLC grew its stake in CocaCola by 1.9% in the second quarter. Summitry LLC now owns 7,865 shares of the company’s stock valued at $556,000 after acquiring an additional 149 shares during the period. Ashton Thomas Securities LLC increased its holdings in shares of CocaCola by 1.2% in the third quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock worth $835,000 after acquiring an additional 149 shares in the last quarter. Cetera Trust Company N.A raised its position in shares of CocaCola by 0.5% during the second quarter. Cetera Trust Company N.A now owns 30,371 shares of the company’s stock worth $2,149,000 after purchasing an additional 150 shares during the period. Finally, Diversified Enterprises LLC lifted its holdings in shares of CocaCola by 1.0% during the 3rd quarter. Diversified Enterprises LLC now owns 14,656 shares of the company’s stock valued at $972,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research reports. UBS Group reissued a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. TD Cowen reissued a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Piper Sandler boosted their price objective on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $83.00 target price on shares of CocaCola in a report on Thursday. Finally, Wells Fargo & Company boosted their price target on CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $79.69.

CocaCola Stock Performance

KO opened at $73.39 on Friday. The business’s 50-day simple moving average is $70.83 and its 200 day simple moving average is $69.46. CocaCola Company has a 52-week low of $62.35 and a 52-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 firm has a market capitalization of $315.70 billion, a PE ratio of 24.30, a PEG ratio of 3.75 and a beta of 0.39.

Insider Transactions at CocaCola

In related news, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the transaction, the executive vice president directly 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manuel Arroyo sold 139,689 shares of the company’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 sale, the executive vice president directly owned 58,067 shares in the company, valued at $4,111,143.60. This trade represents a 70.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 211,704 shares of company stock worth $15,005,595 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

About CocaCola

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.