Mine & Arao Wealth Creation & Management LLC. Has $845,000 Stock Position in CocaCola Company (The) $KO

Mine & Arao Wealth Creation & Management LLC. lifted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 2.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,939 shares of the company’s stock after buying an additional 293 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in CocaCola were worth $845,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC acquired a new position in shares of CocaCola during the 1st quarter worth $25,000. 1248 Management LLC acquired a new position in shares of CocaCola during the 1st quarter worth $26,000. Garde Capital Inc. acquired a new position in shares of CocaCola during the 1st quarter worth $30,000. Mizuho Securities Co. Ltd. raised its holdings in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after buying an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC raised its holdings in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after buying an additional 285 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the sale, the insider owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is currently owned by insiders.

CocaCola Trading Up 0.7%

NYSE KO opened at $67.54 on Friday. The business’s 50-day moving average price is $67.88 and its two-hundred day moving average price is $69.75. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The firm has a market capitalization of $290.67 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 3.49 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.

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

CocaCola Dividend Announcement

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

Analyst Upgrades and Downgrades

KO has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. UBS Group lowered their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. BNP Paribas reaffirmed an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Wells Fargo & Company lowered their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, CocaCola has an average rating of “Buy” and a consensus price target of $76.69.

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.