The Coca-Cola Company (NYSE:KO) Shares Bought by M Holdings Securities Inc.

Financial News Live · Dec 9, 2022 23:21

M Holdings Securities Inc. raised its holdings in The Coca-Cola Company (NYSE:KO – Get Rating) by 17.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,890 shares of the company's stock after purchasing an additional 8,075 shares during the period. M Holdings Securities Inc.'s holdings in Coca-Cola were worth $3,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new position in shares of Coca-Cola during the 2nd quarter worth about $34,000. Rational Advisors LLC purchased a new stake in Coca-Cola during the 1st quarter worth approximately $37,000. San Luis Wealth Advisors LLC acquired a new position in shares of Coca-Cola during the first quarter valued at approximately $41,000. Corbenic Partners LLC lifted its position in shares of Coca-Cola by 626.2% in the second quarter. Corbenic Partners LLC now owns 915 shares of the company's stock valued at $58,000 after acquiring an additional 789 shares in the last quarter. Finally, Dravo Bay LLC acquired a new stake in shares of Coca-Cola in the first quarter worth approximately $62,000. 68.93% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Coca-Cola

In other Coca-Cola news, insider Mark Randazza sold 42,068 shares of Coca-Cola stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $60.86, for a total value of $2,560,258.48. Following the completion of the transaction, the insider now directly owns 40,146 shares of the company's stock, valued at approximately $2,443,285.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Herbert A. Allen III purchased 33,200 shares of the business's stock in a transaction on Friday, October 28th. The shares were bought at an average price of $60.18 per share, for a total transaction of $1,997,976.00. Following the acquisition, the director now directly owns 99,054 shares in the company, valued at $5,961,069.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Randazza sold 42,068 shares of Coca-Cola stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $60.86, for a total value of $2,560,258.48. Following the completion of the transaction, the insider now owns 40,146 shares of the company's stock, valued at approximately $2,443,285.56. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

Coca-Cola Stock Down 0.2 %

Shares of KO opened at $63.68 on Friday. The company's 50-day moving average price is $59.38 and its 200 day moving average price is $61.26. The Coca-Cola Company has a 12-month low of $54.01 and a 12-month high of $67.20. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.45. The firm has a market cap of $275.38 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 4.20 and a beta of 0.59.

Coca-Cola (NYSE:KO – Get Rating) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The business had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.60 billion. Coca-Cola had a net margin of 23.44% and a return on equity of 42.75%. On average, sell-side analysts forecast that The Coca-Cola Company will post 2.48 earnings per share for the current year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.44 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.76%. Coca-Cola's payout ratio is presently 76.86%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. StockNews.com began coverage on Coca-Cola in a research note on Wednesday, October 12th. They issued a "buy" rating for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coca-Cola from $59.00 to $62.00 and gave the stock a "hold" rating in a research note on Tuesday. Morgan Stanley dropped their price objective on shares of Coca-Cola from $74.00 to $68.00 and set an "overweight" rating for the company in a research note on Tuesday, October 4th. Wedbush assumed coverage on shares of Coca-Cola in a report on Monday, October 10th. They issued an "outperform" rating and a $63.00 price objective for the company. Finally, Wolfe Research began coverage on Coca-Cola in a report on Tuesday, October 11th. They set an "outperform" rating and a $63.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.90.

Coca-Cola Company Profile

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.