Mission Wealth Management LP Has $2.33 Million Stake in The Coca-Cola Company (NYSE:KO)

Mission Wealth Management LP grew its stake in The Coca-Cola Company (NYSE:KO) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,379 shares of the company’s stock after buying an additional 241 shares during the period. Mission Wealth Management LP’s holdings in Coca-Cola were worth $2,327,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Silver Coast Investments LLC lifted its holdings in Coca-Cola by 5.4% in the 4th quarter. Silver Coast Investments LLC now owns 4,044 shares of the company’s stock worth $252,000 after purchasing an additional 208 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its position in shares of Coca-Cola by 1.8% in the fourth quarter. Woodley Farra Manion Portfolio Management Inc. now owns 74,361 shares of the company’s stock valued at $4,630,000 after purchasing an additional 1,317 shares during the period. Garrett Wealth Advisory Group LLC lifted its stake in shares of Coca-Cola by 22.4% in the fourth quarter. Garrett Wealth Advisory Group LLC now owns 4,412 shares of the company’s stock worth $275,000 after buying an additional 808 shares during the last quarter. Quintet Private Bank Europe S.A. boosted its holdings in shares of Coca-Cola by 2.1% during the 4th quarter. Quintet Private Bank Europe S.A. now owns 266,339 shares of the company’s stock worth $16,582,000 after buying an additional 5,494 shares during the period. Finally, LGT Fund Management Co Ltd. grew its stake in Coca-Cola by 17.8% in the 4th quarter. LGT Fund Management Co Ltd. now owns 284,385 shares of the company’s stock valued at $17,706,000 after buying an additional 42,900 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KO shares. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, January 8th. Morgan Stanley boosted their price objective on Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Thursday, February 13th. Barclays lifted their price target on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and an average target price of $74.24.

Coca-Cola Stock Performance

NYSE:KO opened at $72.29 on Tuesday. The firm has a market capitalization of $310.92 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The firm has a 50-day moving average price of $64.73 and a 200 day moving average price of $66.52.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. Coca-Cola’s payout ratio is currently 82.59%.

Insider Transactions at Coca-Cola

In other Coca-Cola news, EVP Lisa Chang sold 13,445 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total value of $961,317.50. Following the transaction, the executive vice president now owns 94,676 shares of the company’s stock, valued at approximately $6,769,334. The trade was a 12.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Quincey sold 145,435 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the sale, the chief executive officer now owns 342,546 shares in the company, valued at $24,324,191.46. The trade was a 29.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 232,646 shares of company stock valued at $16,515,469. 0.97% of the stock is owned by insiders.

Coca-Cola 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.