Jones Financial Companies Lllp Acquires 97,378 Shares of CocaCola Company (The) $KO

Jones Financial Companies Lllp grew its holdings in shares of CocaCola Company (The) (NYSE:KO) by 15.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 743,492 shares of the company’s stock after purchasing an additional 97,378 shares during the quarter. Jones Financial Companies Lllp’s holdings in CocaCola were worth $48,850,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of CocaCola by 5,142.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares during the period. Headlands Technologies LLC acquired a new stake in shares of CocaCola in the 2nd quarter worth about $26,000. Marquette Asset Management LLC bought a new position in CocaCola in the 3rd quarter valued at about $27,000. Cloud Capital Management LLC bought a new position in CocaCola in the 3rd quarter valued at about $27,000. Finally, MMA Asset Management LLC acquired a new position in CocaCola during the 2nd quarter valued at about $34,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at CocaCola

In other news, COO Henrique Braun sold 40,390 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 62,621 shares of the company’s stock, valued at $4,441,707.53. This represents a 39.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Manuel Arroyo sold 139,689 shares of CocaCola 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 completion of the sale, the executive vice president directly owned 58,067 shares in the company, valued at $4,111,143.60. This trade represents a 70.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 211,704 shares of company stock worth $15,005,595 over the last three months. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on KO shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $83.00 target price on shares of CocaCola in a research report on Thursday. Bank of America lifted their price objective on shares of CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 7th. UBS Group reiterated a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. Wells Fargo & Company raised their price target on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $79.69.

CocaCola Trading Up 0.7%

NYSE KO opened at $75.36 on Tuesday. The business’s fifty day moving average is $70.92 and its 200-day moving average is $69.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. The stock has a market capitalization of $324.18 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 3.84 and a beta of 0.36. CocaCola Company has a one year low of $62.35 and a one year high of $75.70.

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.