CocaCola Company (The) $KO Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in CocaCola Company (The) (NYSE:KO) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,051,957 shares of the company’s stock after buying an additional 57,407 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CocaCola were worth $136,086,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KO. Caitong International Asset Management Co. Ltd raised its position in shares of CocaCola by 5,142.9% during 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 in the last quarter. Headlands Technologies LLC bought a new stake in CocaCola during the second quarter valued at $26,000. Marquette Asset Management LLC bought a new stake in CocaCola during the third quarter valued at $27,000. GFG Capital LLC acquired a new stake in shares of CocaCola during the second quarter worth $34,000. Finally, MMA Asset Management LLC acquired a new position in shares of CocaCola in the 2nd quarter valued at about $34,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Down 0.3%

KO stock opened at $73.31 on Wednesday. The firm’s 50-day moving average is $70.75 and its two-hundred day moving average is $69.41. The company has a market capitalization of $315.33 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 3.73 and a beta of 0.39. CocaCola Company has a 52 week low of $62.35 and a 52 week high of $74.38. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

Insider Activity at CocaCola

In related news, 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 transaction of $9,889,981.20. Following the sale, the executive vice president owned 58,067 shares of the company’s stock, valued at $4,111,143.60. The trade was 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 available at the SEC website. Also, COO Henrique Braun sold 40,390 shares of the company’s 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 completion of the sale, the chief operating officer owned 62,621 shares of the company’s stock, valued at $4,441,707.53. This trade represents a 39.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 211,704 shares of company stock worth $15,005,595 over the last quarter. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KO has been the topic of several research reports. Bank of America increased their price objective on shares of CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Thursday, January 22nd. Piper Sandler upped their price objective on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company increased their target price on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and a consensus target price of $79.08.

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.