Patton Albertson Miller Group LLC Has $8.65 Million Stake in CocaCola Company (The) $KO

Patton Albertson Miller Group LLC increased its stake in CocaCola Company (The) (NYSE:KO) by 9.7% in the third quarter, Holdings Channel.com reports. The firm owned 130,461 shares of the company’s stock after purchasing an additional 11,492 shares during the quarter. CocaCola makes up approximately 1.0% of Patton Albertson Miller Group LLC’s investment portfolio, making the stock its 27th largest position. Patton Albertson Miller Group LLC’s holdings in CocaCola were worth $8,652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in 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 stake in CocaCola during the 2nd quarter worth about $26,000. Marquette Asset Management LLC acquired a new position in shares of CocaCola during the 3rd quarter worth about $27,000. Cloud Capital Management LLC bought a new position in shares of CocaCola in the 3rd quarter valued at about $27,000. Finally, GFG Capital LLC acquired a new stake in shares of CocaCola in the second quarter valued at about $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other news, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $71.17, for a total value of $2,250,751.25. Following the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at approximately $15,894,396.10. This represents a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Henrique Braun sold 40,390 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total value of $2,864,862.70. Following the transaction, the chief operating officer owned 62,621 shares in the company, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 211,704 shares of company stock worth $15,005,595 over the last quarter. Company insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KO shares. Wells Fargo & Company increased their price target on CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Bank of America increased their price objective on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 7th. TD Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. UBS Group reaffirmed a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, CocaCola has an average rating of “Buy” and an average price target of $79.69.

CocaCola Stock Performance

NYSE KO opened at $73.39 on Friday. The stock has a market cap of $315.70 billion, a PE ratio of 24.30, a P/E/G ratio of 3.75 and a beta of 0.39. 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 50-day moving average of $70.83 and a 200-day moving average of $69.46. CocaCola Company has a 52-week low of $62.35 and a 52-week high of $74.38.

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.