Guinness Asset Management LTD Grows Stock Holdings in CocaCola Company (The) $KO

Guinness Asset Management LTD lifted its stake in shares of CocaCola Company (The) (NYSE:KO) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,195,526 shares of the company’s stock after purchasing an additional 10,743 shares during the quarter. CocaCola comprises approximately 3.4% of Guinness Asset Management LTD’s portfolio, making the stock its 17th biggest position. Guinness Asset Management LTD’s holdings in CocaCola were worth $211,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KO. Brighton Jones LLC increased its stake in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after buying an additional 293 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in CocaCola in the 1st quarter worth approximately $210,000. Venturi Wealth Management LLC grew its stake in CocaCola by 8.9% in the 2nd quarter. Venturi Wealth Management LLC now owns 18,434 shares of the company’s stock worth $1,304,000 after acquiring an additional 1,502 shares during the period. Finally, Sax Wealth Advisors LLC purchased a new position in shares of CocaCola during the 2nd quarter worth $233,000. 70.26% of the stock is owned by institutional investors and hedge funds.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analysts are bullish overall: KO has an average “Buy” rating from analysts, supporting upward momentum ahead of Q4 results. CocaCola Company (The) (NYSE:KO) Receives Average Rating of “Buy” from Analysts
• Positive Sentiment: Jefferies raised its price target (reported coverage noted a raise to $88) and analysts have been nudging targets higher, lending price-support and suggesting further upside vs. current levels. Jefferies price target raise report
• Positive Sentiment: Deutsche Bank bumped its KO target to $83 and reaffirmed a Buy rating ahead of the quarter, another sign of bullish analyst positioning into earnings. Deutsche Bank Lifts Coca-Cola (KO) Target Ahead of Q4 Earnings
• Neutral Sentiment: Street is focused on Q4 metrics — previews and modelers expect KO’s pricing power and margins to be central to the beat/miss debate for EPS and revenue. Investors are watching guidance closely. Seeking Clues to Coca‑Cola (KO) Q4 Earnings
• Neutral Sentiment: Investor interest and ownership trends are in focus heading into results — institutional ownership breakdowns and insider holdings are being highlighted. Ahead of Q4 Earnings, Let’s Look at Who Owns Coca‑Cola Stock (KO)
• Neutral Sentiment: Analysis pieces on KO’s dividend, pricing power and “all‑weather” strategy are reinforcing the income/defensive narrative that attracts yield-focused buyers. How Dividend Expectations And Pricing Power At Coca‑Cola (KO) Have Changed Its Investment Story
• Negative Sentiment: Big insider sale: CEO James Quincey sold 337,824 shares (filed with the SEC), which may raise short‑term investor concern about insider liquidity timing even though such sales can be for diversification or tax planning. SEC Form 4 — Quincey sale
• Negative Sentiment: Coca‑Cola will discontinue frozen Minute Maid products in the U.S. and Canada — a small brand/portfolio contraction that may modestly reduce revenues in specialty categories and signals portfolio pruning. Coca‑Cola to discontinue frozen products in US and Canada

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Piper Sandler increased their price objective on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. TD Cowen restated a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. UBS Group reissued a “buy” rating and issued a $82.00 target price on shares of CocaCola in a research report on Tuesday. Finally, Barclays reiterated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. One equities research 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.com, CocaCola presently has a consensus rating of “Buy” and an average target price of $80.43.

CocaCola Price Performance

Shares of NYSE:KO opened at $78.46 on Friday. The company has a market cap of $337.48 billion, a PE ratio of 25.98, a P/E/G ratio of 3.97 and a beta of 0.36. CocaCola Company has a fifty-two week low of $62.91 and a fifty-two week high of $78.86. The firm has a 50-day simple moving average of $71.21 and a 200 day simple moving average of $69.70. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30.

Insider Activity at CocaCola

In other news, CEO James Quincey sold 337,824 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $77.10, for a total value of $26,046,230.40. Following the completion of the transaction, the chief executive officer directly owned 342,546 shares in the company, valued at $26,410,296.60. This trade represents a 49.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Manuel Arroyo sold 139,689 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $70.80, for a total value of $9,889,981.20. Following the sale, the executive vice president directly owned 58,067 shares in the company, valued at approximately $4,111,143.60. The trade was a 70.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 549,528 shares of company stock worth $41,051,826. 0.97% of the stock is owned by company insiders.

CocaCola 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.