MGO One Seven LLC Grows Stock Position in CocaCola Company (The) $KO

Key Points

• MGO One Seven LLC increased its holdings in CocaCola by 7.8% during the second quarter, now owning 69,050 shares valued at approximately $4.89 million.
• The company recently declared a quarterly dividend of $0.51 per share, which represents an annualized dividend yield of 3.1%.
• Wall Street analysts maintain a positive outlook, with a consensus rating of Buy and average target price of $76.93 for CocaCola's stock.

MGO One Seven LLC boosted its position in CocaCola Company (The) (NYSE:KO - Free Report) by 7.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,050 shares of the company's stock after buying an additional 5,019 shares during the quarter. MGO One Seven LLC's holdings in CocaCola were worth $4,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. New Republic Capital LLC increased its position in CocaCola by 1.6% in the first quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock worth $625,000 after buying an additional 139 shares during the last quarter. Alteri Wealth LLC increased its position in CocaCola by 2.1% in the first quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock worth $492,000 after buying an additional 140 shares during the last quarter. Requisite Capital Management LLC grew its position in shares of CocaCola by 2.8% in the second quarter. Requisite Capital Management LLC now owns 5,285 shares of the company's stock valued at $377,000 after purchasing an additional 142 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in shares of CocaCola by 0.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after purchasing an additional 143 shares in the last quarter. Finally, MBA Advisors LLC grew its position in shares of CocaCola by 1.2% in the first quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after purchasing an additional 143 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Price Performance

NYSE:KO opened at $66.76 on Tuesday. The firm has a market capitalization of $287.29 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 3.49 and a beta of 0.43. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The stock has a fifty day moving average of $68.01 and a 200 day moving average of $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.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. On average, research analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.1%. CocaCola's payout ratio is 72.34%.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of CocaCola in a research report on Wednesday, October 8th. Wells Fargo & Company cut their price objective on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. raised their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, BNP Paribas restated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $76.93.

CocaCola Company Profile

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.

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