Mission Wealth Management LP Has $2.11 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Mission Wealth Management LP raised its holdings in The Coca-Cola Company (NYSE:KO) by 10.8% during the fourth quarter, HoldingsChannel reports. The firm owned 35,737 shares of the company’s stock after acquiring an additional 3,473 shares during the quarter. Mission Wealth Management LP’s holdings in Coca-Cola were worth $2,106,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. ZRC Wealth Management LLC boosted its holdings in shares of Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares in the last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of Coca-Cola during the 4th quarter valued at $30,000. Financial Connections Group Inc. acquired a new stake in shares of Coca-Cola during the 4th quarter valued at $38,000. Avion Wealth boosted its holdings in shares of Coca-Cola by 64.8% during the 4th quarter. Avion Wealth now owns 819 shares of the company’s stock valued at $48,000 after acquiring an additional 322 shares in the last quarter. Finally, Clear Investment Research LLC boosted its holdings in shares of Coca-Cola by 36.1% during the 3rd quarter. Clear Investment Research LLC now owns 928 shares of the company’s stock valued at $52,000 after acquiring an additional 246 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In other news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $13,594,097.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruno Pietracci sold 18,551 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 323,107 shares of company stock valued at $19,657,742. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

KO has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Barclays raised their price objective on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Citigroup raised their price objective on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.22.

Coca-Cola Stock Down 0.5 %

Shares of NYSE:KO opened at $61.76 on Wednesday. The firm has a market cap of $266.26 billion, a P/E ratio of 24.90, a P/E/G ratio of 3.54 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.69. The business has a fifty day simple moving average of $60.19 and a 200 day simple moving average of $59.02.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same period last year, the company earned $0.68 EPS. Coca-Cola’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts predict that The Coca-Cola Company will post 2.81 earnings per share for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.485 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a dividend yield of 3.14%. Coca-Cola’s dividend payout ratio (DPR) is 78.23%.

About Coca-Cola

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.