MGO One Seven LLC Purchases 5,019 Shares of CocaCola Company (The) $KO

MGO One Seven LLC lifted its stake in CocaCola Company (The) (NYSE:KO) by 7.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 69,050 shares of the company’s stock after buying an additional 5,019 shares during the period. MGO One Seven LLC’s holdings in CocaCola were worth $4,885,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KO. Brighton Jones LLC increased its holdings in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after buying an additional 293 shares during the period. GAMMA Investing LLC increased its holdings in shares of CocaCola by 19.0% in the first quarter. GAMMA Investing LLC now owns 83,231 shares of the company’s stock worth $5,961,000 after buying an additional 13,261 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of CocaCola by 5.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,151,849 shares of the company’s stock worth $82,496,000 after buying an additional 57,315 shares during the period. Finally, Tcfg Wealth Management LLC purchased a new position in shares of CocaCola in the first quarter worth about $204,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Stock Down 0.4%

KO stock opened at $66.76 on Tuesday. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The business’s 50 day moving average price is $68.01 and its two-hundred day moving average price is $69.82. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The company has a market capitalization of $287.29 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 3.49 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm had revenue of $11.40 billion for the quarter. As a group, analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. CocaCola’s payout ratio is currently 72.34%.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the sale, the insider directly owned 209,513 shares of the company’s stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KO. JPMorgan Chase & Co. boosted their price target on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. UBS Group reduced their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, BNP Paribas restated an “outperform” rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $76.93.

About CocaCola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.