McGlone Suttner Wealth Management Inc. Boosts Position in CocaCola Company (The) (NYSE:KO)

McGlone Suttner Wealth Management Inc. increased its holdings in shares of CocaCola Company (The) (NYSE:KO) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,296 shares of the company’s stock after purchasing an additional 704 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in CocaCola were worth $1,239,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KO. MorganRosel Wealth Management LLC acquired a new position in CocaCola during the first quarter worth approximately $25,000. Crowley Wealth Management Inc. acquired a new position in shares of CocaCola in the fourth quarter valued at approximately $27,000. Garde Capital Inc. acquired a new position in shares of CocaCola in the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. increased its holdings in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 360 shares during the period. Finally, REAP Financial Group LLC increased its holdings 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 purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on KO shares. Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, March 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Royal Bank Of Canada increased 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. UBS Group increased their target price on CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $76.27.

CocaCola Price Performance

NYSE KO opened at $71.19 on Friday. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The stock has a market capitalization of $306.42 billion, a PE ratio of 28.48, a P/E/G ratio of 3.74 and a beta of 0.45. The stock has a 50-day simple moving average of $71.08 and a 200 day simple moving average of $68.60.

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

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Friday, June 13th. CocaCola’s dividend payout ratio (DPR) is currently 81.60%.

Insider Activity

In related news, CFO John Murphy sold 88,658 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the sale, the chief financial officer owned 205,511 shares of the company’s stock, valued at approximately $14,815,287.99. This trade represents a 30.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola 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 completion of the sale, the executive vice president directly owned 187,716 shares in the company, valued at $13,491,148.92. This represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 415,387 shares of company stock valued at $29,923,985 in the last 90 days. 0.97% of the stock is owned by company insiders.

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.