CocaCola Company (The) $KO Shares Sold by Aurdan Capital Management LLC

Aurdan Capital Management LLC lowered its holdings in CocaCola Company (The) (NYSE:KO) by 20.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 34,576 shares of the company’s stock after selling 9,013 shares during the quarter. CocaCola comprises approximately 0.7% of Aurdan Capital Management LLC’s portfolio, making the stock its 29th largest holding. Aurdan Capital Management LLC’s holdings in CocaCola were worth $2,293,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in KO. Caitong International Asset Management Co. Ltd boosted its position in shares of CocaCola by 5,142.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after buying an additional 360 shares during the period. Headlands Technologies LLC acquired a new position in CocaCola during the 2nd quarter worth approximately $26,000. Marquette Asset Management LLC acquired a new position in CocaCola during the 3rd quarter worth approximately $27,000. Cloud Capital Management LLC purchased a new position in CocaCola in the 3rd quarter worth approximately $27,000. Finally, GFG Capital LLC acquired a new stake in CocaCola in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

KO has been the topic of a number of recent research reports. Jefferies Financial Group boosted their target price on shares of CocaCola from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday. 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 research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $83.00 price objective on shares of CocaCola in a report on Thursday, January 29th. Evercore ISI restated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Finally, Barclays reiterated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and a consensus target price of $80.43.

Insider Transactions at CocaCola

In other news, 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 value of $9,889,981.20. Following the completion of the transaction, the executive vice president owned 58,067 shares in the company, valued at approximately $4,111,143.60. This trade represents a 70.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Henrique Braun sold 40,390 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer directly owned 62,621 shares in the company, valued at approximately $4,441,707.53. This represents a 39.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 549,528 shares of company stock worth $41,051,826. 0.97% of the stock is currently owned by corporate insiders.

Key Headlines Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analysts are bullish overall: KO has an average “Buy” rating from analysts, supporting upward momentum ahead of Q4 results. CocaCola Company (The) (NYSE:KO) Receives Average Rating of “Buy” from Analysts
• Positive Sentiment: Jefferies raised its price target (reported coverage noted a raise to $88) and analysts have been nudging targets higher, lending price-support and suggesting further upside vs. current levels. Jefferies price target raise report
• Positive Sentiment: Deutsche Bank bumped its KO target to $83 and reaffirmed a Buy rating ahead of the quarter, another sign of bullish analyst positioning into earnings. Deutsche Bank Lifts Coca-Cola (KO) Target Ahead of Q4 Earnings
• Neutral Sentiment: Street is focused on Q4 metrics — previews and modelers expect KO’s pricing power and margins to be central to the beat/miss debate for EPS and revenue. Investors are watching guidance closely. Seeking Clues to Coca‑Cola (KO) Q4 Earnings
• Neutral Sentiment: Investor interest and ownership trends are in focus heading into results — institutional ownership breakdowns and insider holdings are being highlighted. Ahead of Q4 Earnings, Let’s Look at Who Owns Coca‑Cola Stock (KO)
• Neutral Sentiment: Analysis pieces on KO’s dividend, pricing power and “all‑weather” strategy are reinforcing the income/defensive narrative that attracts yield-focused buyers. How Dividend Expectations And Pricing Power At Coca‑Cola (KO) Have Changed Its Investment Story
• Negative Sentiment: Big insider sale: CEO James Quincey sold 337,824 shares (filed with the SEC), which may raise short‑term investor concern about insider liquidity timing even though such sales can be for diversification or tax planning. SEC Form 4 — Quincey sale
• Negative Sentiment: Coca‑Cola will discontinue frozen Minute Maid products in the U.S. and Canada — a small brand/portfolio contraction that may modestly reduce revenues in specialty categories and signals portfolio pruning. Coca‑Cola to discontinue frozen products in US and Canada

CocaCola Stock Performance

Shares of KO stock opened at $78.46 on Friday. The stock has a market capitalization of $337.48 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 3.97 and a beta of 0.36. CocaCola Company has a one year low of $62.91 and a one year high of $78.86. The company’s 50-day simple moving average is $71.21 and its 200-day simple moving average is $69.70. 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 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.