Moran Wealth Management LLC Purchases 22,704 Shares of CocaCola Company (The) (NYSE:KO)

Moran Wealth Management LLC boosted its position in CocaCola Company (The) (NYSE:KO - Free Report) by 54.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,554 shares of the company's stock after buying an additional 22,704 shares during the period. Moran Wealth Management LLC's holdings in CocaCola were worth $4,623,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KO. Garde Capital Inc. purchased a new stake in shares of CocaCola during the 1st quarter worth $30,000. Crowley Wealth Management Inc. acquired a new stake in shares of CocaCola in the fourth quarter valued at about $27,000. Mizuho Securities Co. Ltd. boosted its holdings in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares in the last quarter. Moser Wealth Advisors LLC grew its position in CocaCola by 449.5% during the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after buying an additional 409 shares during the period. Finally, Mainstream Capital Management LLC purchased a new position in CocaCola in the fourth quarter valued at about $31,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CocaCola news, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the transaction, the chief executive officer now directly owns 275,946 shares in the company, valued at $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the sale, the executive vice president now directly owns 187,716 shares of the company's stock, valued at $13,491,148.92. This represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 415,387 shares of company stock worth $29,923,985. Corporate insiders own 0.97% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of CocaCola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. UBS Group increased their price target on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $76.27.

CocaCola Stock Down 0.2%

CocaCola stock traded down $0.12 during mid-day trading on Thursday, hitting $69.51. The company's stock had a trading volume of 14,436,775 shares, compared to its average volume of 16,017,248. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a market cap of $299.20 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 3.68 and a beta of 0.46. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The firm's 50 day moving average is $71.38 and its 200 day moving average is $68.18.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same period last year, the company posted $0.72 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, June 13th. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

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.