First Interstate Bank Buys 7,095 Shares of CocaCola Company (The) $KO

First Interstate Bank grew its stake in shares of CocaCola Company (The) (NYSE:KOFree Report) by 67.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,646 shares of the company’s stock after acquiring an additional 7,095 shares during the period. First Interstate Bank’s holdings in CocaCola were worth $1,170,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KO. Sava Infond d.o.o. boosted its holdings in CocaCola by 210.8% during the second quarter. Sava Infond d.o.o. now owns 5,750 shares of the company’s stock worth $407,000 after purchasing an additional 3,900 shares during the last quarter. Vanguard Group Inc. increased its stake in CocaCola by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after buying an additional 6,241,163 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of CocaCola by 3.6% during the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock worth $9,209,000 after buying an additional 4,469 shares in the last quarter. Aberdeen Group plc boosted its stake in shares of CocaCola by 5.0% in the 2nd quarter. Aberdeen Group plc now owns 4,557,668 shares of the company’s stock worth $322,455,000 after buying an additional 216,752 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of CocaCola in the 2nd quarter worth approximately $22,443,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research analyst reports. Bank of America increased their price target on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 7th. TD Cowen upped their price objective on CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. Finally, Evercore ISI restated an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, CocaCola presently has an average rating of “Buy” and an average target price of $79.08.

Read Our Latest Analysis on CocaCola

Insider Buying and Selling at CocaCola

In other news, EVP Nancy Quan sold 31,625 shares of the business’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 value of $2,250,751.25. Following the sale, the executive vice president owned 223,330 shares of the company’s stock, valued at $15,894,396.10. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Monica Howard Douglas sold 13,548 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $69.93, for a total transaction of $947,411.64. Following the completion of the transaction, the executive vice president directly owned 37,725 shares of the company’s stock, valued at approximately $2,638,109.25. This trade represents a 26.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 225,252 shares of company stock valued at $15,953,007. Insiders own 0.90% of the company’s stock.

CocaCola Stock Performance

NYSE:KO opened at $71.76 on Wednesday. The company has a market capitalization of $308.68 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.62 and a beta of 0.39. The business has a fifty day simple moving average of $70.60 and a two-hundred day simple moving average of $69.32. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. CocaCola Company has a 1 year low of $61.37 and a 1 year high of $74.38.

CocaCola (NYSE:KOGet Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.The company had revenue of $12.46 billion during the quarter, compared to the consensus estimate of $12.46 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola News Summary

Here are the key news stories impacting CocaCola this week:

CocaCola Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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