LMG Wealth Partners LLC Purchases 1,410 Shares of CocaCola Company (The) $KO

LMG Wealth Partners LLC lifted its position in shares of CocaCola Company (The) (NYSE:KO) by 5.0% during the second quarter, Holdings Channel.com reports. The firm owned 29,603 shares of the company’s stock after purchasing an additional 1,410 shares during the period. LMG Wealth Partners LLC’s holdings in CocaCola were worth $2,094,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KO. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola during the first quarter worth about $25,000. 1248 Management LLC bought a new position in CocaCola in the 1st quarter valued at about $26,000. Garde Capital Inc. acquired a new position in CocaCola during the 1st quarter valued at about $30,000. Ridgewood Investments LLC increased its holdings in CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after purchasing an additional 285 shares in the last quarter. Finally, GFG Capital LLC purchased a new stake in shares of CocaCola in the second quarter worth approximately $34,000. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KO shares. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. UBS Group reduced their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Wells Fargo & Company lowered their target price on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. 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 equities research analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, CocaCola has an average rating of “Buy” and an average target price of $76.69.

CocaCola Stock Up 1.3%

KO stock opened at $68.45 on Monday. The stock has a market cap of $294.60 billion, a P/E ratio of 24.27, a P/E/G ratio of 3.57 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock’s fifty day simple moving average is $67.84 and its two-hundred day simple moving average is $69.69. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

CocaCola (NYSE:KO) last released its earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The company had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. Analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, December 1st. CocaCola’s payout ratio is presently 72.34%.

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.