Saturday, June 25, 2022

Insider Selling: Perez Beatriz R, The Coca-Cola Company [KO] Senior Vice President divested 143,924 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The Coca-Cola Company shares valued at $9,323,800 were sold by Perez Beatriz R on May 05. At $64.78 per share, Perez Beatriz R sold 143,924 shares. The insider’s holdings dropped to 121,178 shares worth approximately $7.41 million following the completion of this transaction.

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Also, SMITH BRIAN JOHN sold 35,800 shares, netting a total of over 2,400,096 in proceeds. Following the sale of shares at $67.04 each, the insider now holds 116,168 shares.

Before that, KOUMETTIS NIKOLAOS had sold 153,466 shares from its account. In a trade valued at $9,979,840, the Europe OU President traded The Coca-Cola Company shares for $65.03 each. Upon closing the transaction, the insider’s holdings decreased to 153,466 shares, worth approximately $8.35 million.

As published in a research note from DZ Bank on April 28, 2022, The Coca-Cola Company [KO] has been rated down from a Buy to a Hold and the price target has been revised to $69. This represents a 11.38% premium over Wednesday’s closing price. Analysts at Wells Fargo resumed the stock at ‘”an Overweight”‘ outlook in a report released in mid February. As of February 11, 2022, UBS has reiterated its “Buy” rating for KO. Earlier on February 11, 2022, Truist resumed its rating. Their recommendation was “a Buy” for KO stock.

Analyzing KO’s Price Performance

On Wednesday, The Coca-Cola Company [NYSE: KO] rose 0.74% to $61.15. The stock’s lowest price that day was $60.315, but it reached a high of $61.445 in the same session. During the last five days, there has been a surge of approximately 3.24%. Over the course of the year, The Coca-Cola Company shares have jumped approximately 3.28%. Shares of the company reached a 52-week high of $67.20 on 04/25/22 and a 52-week low of $57.50 on 03/10/22. A 50-day SMA is recorded $63.52, while a 200-day SMA reached $59.36. Nevertheless, trading volume fell to 15.2 million shares from 17.7 million shares the previous day.

Support And Resistance Levels for The Coca-Cola Company (KO)

According to the 24-hour chart, there is a support level at 60.49, which, if violated, would cause prices to drop to 59.84. In the upper region, resistance lies at 61.63. The next price resistance is at 62.10. RSI (Relative Strength Index) is 45.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 47.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of The Coca-Cola Company (KO)?

According to Berkshire Hathaway, Inc. filings, the company currently owns 400,000,000 shares, which is about 9.23% of the total KO shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 400000000.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $21,240,052,261. BlackRock Fund Advisors acquire a 0.67% interest valued at $11.39 billion while SSgA Funds Management, Inc. purchased a 1,374,105 stake. A total of 7,800,237 shares of The Coca-Cola Company were bought by Wellington Management Co. LLP during the quarter, and 1,000,542 were bought by Geode Capital Management LLC. In its current portfolio, Fidelity Management & Research Co holds 67,012,169 shares valued at $4.25 billion.

In terms of The Coca-Cola Company share price expectations, FactSet research, analysts set an average price target of $70.52 in the next 12 months, up nearly 15.32% from the previous closing price of $60.70. Analysts anticipate The Coca-Cola Company stock to reach $76.00 by 2022, with the lowest price target being $64.00. In spite of this, 27 analysts ranked The Coca-Cola Company stock as an Overweight at the end of 2022. On February 11, 2022, RBC Capital Mkts assigned a price target of “an Outperform” to the stock and reiterated coverage with a $68.

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