Knights of Columbus Asset Advisors LLC Has $5.13 Million Holdings in CocaCola Company (The) $KO

Knights of Columbus Asset Advisors LLC decreased its holdings in shares of CocaCola Company (The) (NYSE:KO) by 44.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,343 shares of the company’s stock after selling 62,620 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in CocaCola were worth $5,129,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Paulson Wealth Management Inc. lifted its stake in 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 purchasing an additional 149 shares during the last quarter. Summitry LLC increased its holdings in shares of CocaCola by 1.9% during the second quarter. Summitry LLC now owns 7,865 shares of the company’s stock worth $556,000 after buying an additional 149 shares in the last quarter. Ashton Thomas Securities LLC lifted its stake in shares of CocaCola by 1.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock valued at $835,000 after acquiring an additional 149 shares during the last quarter. Cetera Trust Company N.A boosted its holdings in shares of CocaCola by 0.5% during the 2nd quarter. Cetera Trust Company N.A now owns 30,371 shares of the company’s stock valued at $2,149,000 after acquiring an additional 150 shares in the last quarter. Finally, Diversified Enterprises LLC grew its position in CocaCola by 1.0% during the 3rd quarter. Diversified Enterprises LLC now owns 14,656 shares of the company’s stock worth $972,000 after acquiring an additional 150 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 223,330 shares of the company’s stock, valued at $15,894,396.10. This trade represents a 12.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Henrique Braun sold 40,390 shares of the business’s stock in a transaction on 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 transaction, the chief operating officer owned 62,621 shares in the company, valued at $4,441,707.53. The trade was a 39.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 211,704 shares of company stock valued at $15,005,595 over the last 90 days. Company insiders own 0.97% of the company’s stock.

CocaCola Stock Performance

Shares of KO opened at $73.39 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The firm’s fifty day simple moving average is $70.83 and its two-hundred day simple moving average is $69.46. CocaCola Company has a 12 month low of $62.35 and a 12 month high of $74.38. The stock has a market capitalization of $315.70 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 3.75 and a beta of 0.39.

Analysts Set New Price Targets

A number of analysts have recently commented on KO shares. Wells Fargo & Company lifted their price target on CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $83.00 price objective on shares of CocaCola in a report on Thursday. Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Piper Sandler raised their price target on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Bank of America lifted their price target on shares of CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $79.69.

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.