Mmbg Investment Advisors CO. Acquires New Holdings in The Coca-Cola Company (NYSE:KO)

Mmbg Investment Advisors CO. acquired a new stake in shares of The Coca-Cola Company (NYSE:KO – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 22,635 shares of the company’s stock, valued at approximately $1,340,000.

Other institutional investors also recently made changes to their positions in the company. Curi Wealth Management LLC bought a new stake in Coca-Cola during the fourth quarter valued at approximately $25,000. Shore Point Advisors LLC bought a new stake in Coca-Cola during the fourth quarter valued at approximately $28,000. Horan Securities Inc. bought a new stake in Coca-Cola during the fourth quarter valued at approximately $32,000. Leverty Financial Group LLC bought a new stake in shares of Coca-Cola in the 4th quarter worth approximately $35,000. Finally, Core Wealth Advisors Inc. lifted its holdings in shares of Coca-Cola by 1,333.3% in the 4th quarter. Core Wealth Advisors Inc. now owns 645 shares of the company’s stock worth $38,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 68.51% of the company’s stock.

A number of equities research analysts have recently weighed in on KO shares. Credit Suisse Group set a $68.00 price objective on shares of Coca-Cola in a report on Friday, May 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola from $62.00 to $64.00 and gave the stock a “hold” rating in a report on Tuesday, April 26th. Citigroup upped their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday, April 26th. HSBC upped their price target on shares of Coca-Cola from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, April 26th. Finally, Cowen upped their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a report on Tuesday, April 26th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $67.29.

In other news, COO Brian John Smith sold 35,800 shares of the stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $67.04, for a total value of $2,400,032.00. Following the transaction, the chief operating officer now owns 116,168 shares in the company, valued at approximately $7,787,902.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alfredo Rivera sold 17,709 shares of the stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $62.60, for a total transaction of $1,108,583.40. The disclosure for this sale can be found here. Insiders have sold a total of 618,845 shares of company stock worth $39,601,992 in the last 90 days. Company insiders own 0.98% of the company’s stock.

Coca-Cola stock traded up $0.05 during mid-day trading on Wednesday, reaching $64.07. The stock had a trading volume of 15,348,036 shares, compared to its average volume of 19,332,857. The company has a market capitalization of $277.75 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.48 and a beta of 0.58. The company has a 50-day moving average price of $63.54 and a two-hundred day moving average price of $60.51. The Coca-Cola Company has a one year low of $52.28 and a one year high of $67.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 0.98.

Coca-Cola (NYSE:KO – Get Rating) last announced its quarterly earnings results on Monday, April 25th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The company had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $9.83 billion. Coca-Cola had a net margin of 25.69% and a return on equity of 41.84%. Coca-Cola’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. On average, equities research analysts anticipate that The Coca-Cola Company will post 2.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, June 14th. Coca-Cola’s dividend payout ratio is currently 73.95%.

Coca-Cola Profile (Get Rating)

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.

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