CocaCola Company (The) $KO Stock Holdings Increased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp boosted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 19.9% in the 3rd quarter, Holdings Channel reports. The firm owned 120,866 shares of the company’s stock after buying an additional 20,032 shares during the period. Atlantic Union Bankshares Corp’s holdings in CocaCola were worth $8,016,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in CocaCola by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after acquiring an additional 6,241,163 shares during the period. Aberdeen Group plc lifted its position in shares of CocaCola by 5.0% in the second quarter. Aberdeen Group plc now owns 4,557,668 shares of the company’s stock worth $322,455,000 after purchasing an additional 216,752 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of CocaCola during the second quarter worth approximately $22,443,000. Mirae Asset Global Investments Co. Ltd. grew its position in CocaCola by 2.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock valued at $136,086,000 after purchasing an additional 57,407 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in CocaCola by 1.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock valued at $690,311,000 after buying an additional 198,886 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling at CocaCola

In related news, COO Henrique Braun sold 40,390 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $70.93, for a total value of $2,864,862.70. Following the transaction, the chief operating officer directly owned 62,621 shares in the company, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Manuel Arroyo sold 139,689 shares of the business’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 transaction, the executive vice president directly owned 58,067 shares of the company’s stock, valued at approximately $4,111,143.60. This represents a 70.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 211,704 shares of company stock worth $15,005,595 over the last 90 days. Insiders own 0.90% of the company’s stock.

CocaCola Stock Performance

KO opened at $75.36 on Tuesday. The stock has a 50-day moving average of $70.92 and a 200-day moving average of $69.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. CocaCola Company has a 52-week low of $62.35 and a 52-week high of $75.70. The company has a market cap of $324.18 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 3.84 and a beta of 0.36.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group reissued a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. Piper Sandler boosted their target price on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. TD Cowen reaffirmed a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Barclays reiterated an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. 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 research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $79.69.

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.