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

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 2.9% in the 3rd quarter, Holdings Channel reports. The firm owned 2,051,957 shares of the company’s stock after buying an additional 57,407 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in CocaCola were worth $136,086,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of CocaCola during the 2nd quarter valued at $3,846,270,000. Vanguard Group Inc. raised its position in shares of CocaCola by 1.7% during the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after purchasing an additional 6,241,163 shares during the period. Laurel Wealth Advisors LLC lifted its holdings in shares of CocaCola by 7,239.2% during the second quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock valued at $435,086,000 after purchasing an additional 6,065,840 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of CocaCola by 343.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,486,096 shares of the company’s stock valued at $297,518,000 after purchasing an additional 3,474,015 shares during the period. Finally, Schroder Investment Management Group increased its stake in CocaCola by 28.7% in the 2nd quarter. Schroder Investment Management Group now owns 11,713,984 shares of the company’s stock worth $828,764,000 after purchasing an additional 2,613,316 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Price Performance

NYSE:KO opened at $73.31 on Wednesday. The company’s 50-day moving average price is $70.75 and its two-hundred day moving average price is $69.41. CocaCola Company has a 12 month low of $62.35 and a 12 month high of $74.38. The firm has a market cap of $315.33 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 3.73 and a beta of 0.39. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30.

Analysts Set New Price Targets

A number of research firms have commented on KO. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Wells Fargo & Company increased their target price on CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. UBS Group restated a “buy” rating on shares of CocaCola in a report on Friday, December 5th. Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. Finally, Piper Sandler increased their price target on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. One research 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 has a consensus rating of “Buy” and an average price target of $79.08.

Insider Activity

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. Also, COO Henrique Braun sold 40,390 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 62,621 shares of the company’s stock, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 211,704 shares of company stock valued at $15,005,595. Company insiders own 0.90% of the company’s stock.

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.