The Coca-Cola Company (NYSE:KO) is now up 21.4% compared to a 12-month low of $44.25. We have seen the price to move -0.5% lower and get settled at $53.72 on 7/30/2019. At recent session, it appeared stuck in a range of $53.565 to $54.3. This company shares are 5.55% off its target price of $56.7 and the current market capitalization stands at $229.33B. The recent change has given its price a 4.81% lead over SMA 50 and -2.01% deficit over its 52-week high. The stock witnessed 5.5% gains, 9.5% gains and 13.33% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found KO’s volatility during a week at 1.7% and during a month it has been found around 1.26%.
What Does The Coca-Cola Company (KO) Do?
The company describes itself in regulatory filings as, “The Coca-Cola Co. is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water & sports drinks, juice, dairy & plant-based beverages, tea & coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew. It operates through the following segments: Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Global Ventures. The company was founded by Asa Griggs Candler in 1886 and is headquartered in Atlanta, GA.” [Text can be found here: https://www.marketwatch.com/investing/stock/KO/profile under company description.]The Coca-Cola Company (KO) Top Holders
Institutional investors currently hold around $155.94 billion or 69.1% in KO stock. Look at its top three institutional owners: Berkshire Hathaway Inc owns $21.6 billion in The Coca-Cola Company, which represents roughly 9.42% of the company’s market cap and approximately 13.85% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 304,068,564 shares of the stock are valued at $16.42 billion. The third largest holder is Blackrock Inc., which currently holds $14.06 billion worth of this stock and that ownership represents nearly 6.13% of its market capitalization.
At the end of March reporting period, 902 institutional holders increased their position in The Coca-Cola Company (NYSE:KO) by some 125,872,515 shares, 987 decreased positions by 131,135,946 and 295 held positions by 2,631,000,000. That puts total institutional holdings at 2,888,000,000 shares, according to SEC filings. The stock grabbed 126 new institutional investments totaling 9,541,358 shares while 107 institutional investors sold out their entire positions totaling 7,903,176 shares.The Coca-Cola Company (NYSE:KO) Insider Trades
Multiple company employees have indulged in significant insider trading. The Coca-Cola Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Senior Vice President DINKINS JAMES L has sold 45,875 shares of The Coca-Cola Company (KO) in the trading session dated Jul. 25, 2019. These shares are worth $2,443,303 and were traded at $53.26 each. The SEC filing shows that CRESPO FRANCISCO performed a sale of 64,134 shares. The Senior Vice President disposed these shares by way of transaction on Jul. 24, 2019. The company’s shares were given away at $54.12 per share worth to an income of some $3,470,932 to the account of CRESPO FRANCISCO.
Senior Vice President, MANN JENNIFER K, sold 9,126 common shares of The Coca-Cola Company (KO) in the open market. In a transaction dated Jul. 23, 2019, the shares were put up for sale at an average price of $53.48, raking in a sum of $488,058. After this sale, 37,799 common shares of KO are directly owned by the insider, with total stake valued at $2,030,562.
In the transaction dated Jul. 23, 2019, a great number of shares sold came courtesy the Senior Vice President; Perez Beatriz R disposed a total of 14,000 shares at an average price of $53.4, amounting to approximately $747,600. The insider now directly owns 113,232 shares worth $6,082,823.The Coca-Cola Company (KO) Analyst Guide
Several analysts have released their opinion on The Coca-Cola Company (NYSE:KO), with 5 analysts believing it is a strong buy. Whereas 13 of them predict the stock is a hold. Also, there are 7 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.32 average brokerage recommendation [T1].