MOKAN Wealth Management Inc. Has $597,000 Stock Holdings in CocaCola Company (The) (NYSE:KO)

MOKAN Wealth Management Inc. lowered its position in shares of CocaCola Company (The) (NYSE:KO) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,343 shares of the company’s stock after selling 265 shares during the quarter. MOKAN Wealth Management Inc.’s holdings in CocaCola were worth $597,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Crowley Wealth Management Inc. bought a new position in shares of CocaCola in the 4th quarter valued at about $27,000. Garde Capital Inc. acquired a new position in shares of CocaCola during the 1st quarter worth approximately $30,000. Mainstream Capital Management LLC bought a new stake in shares of CocaCola during the 4th quarter worth approximately $31,000. Mizuho Securities Co. Ltd. boosted its holdings in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after buying an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC grew its stake in shares of CocaCola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock valued at $35,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on KO shares. UBS Group upped their price target on shares of CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Royal Bank Of Canada upped their price objective on CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Piper Sandler boosted their target price on CocaCola from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. raised their price target on CocaCola from $74.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $76.27.

Insiders Place Their Bets

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president now directly owns 187,716 shares of the company’s stock, valued at $13,491,148.92. This trade represents a 24.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Murphy sold 88,658 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the transaction, the chief financial officer now owns 205,511 shares of the company’s stock, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 415,387 shares of company stock worth $29,923,985 in the last 90 days. Company insiders own 0.90% of the company’s stock.

CocaCola Trading Up 0.7%

KO stock opened at $70.20 on Wednesday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a market capitalization of $302.16 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 3.66 and a beta of 0.46. The company’s 50-day simple moving average is $71.42 and its 200 day simple moving average is $68.17. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola’s dividend payout ratio is currently 81.60%.

CocaCola 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.