CocaCola Company (The) (NYSE:KO) Shares Sold by Marino Stram & Associates LLC

Marino Stram & Associates LLC decreased its stake in shares of CocaCola Company (The) (NYSE:KO) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,777 shares of the company’s stock after selling 213 shares during the period. CocaCola comprises about 0.7% of Marino Stram & Associates LLC’s investment portfolio, making the stock its 25th biggest holding. Marino Stram & Associates LLC’s holdings in CocaCola were worth $2,992,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KO. Kingswood Wealth Advisors LLC lifted its holdings in CocaCola by 32.2% in the first quarter. Kingswood Wealth Advisors LLC now owns 67,806 shares of the company’s stock worth $4,862,000 after acquiring an additional 16,526 shares during the last quarter. Accelerate Investment Advisors LLC acquired a new position in CocaCola during the 1st quarter valued at approximately $205,000. Essex Savings Bank grew its stake in CocaCola by 10.2% during the 1st quarter. Essex Savings Bank now owns 22,605 shares of the company’s stock worth $1,619,000 after buying an additional 2,085 shares during the last quarter. MN Wealth Advisors LLC increased its position in CocaCola by 10.5% in the first quarter. MN Wealth Advisors LLC now owns 19,310 shares of the company’s stock worth $1,383,000 after buying an additional 1,834 shares during the period. Finally, Cornerstone Wealth Management LLC increased its position in CocaCola by 3.3% in the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock worth $8,686,000 after buying an additional 3,920 shares during the period. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

NYSE:KO opened at $69.61 on Wednesday. The company has a 50-day moving average of $71.60 and a 200-day moving average of $67.95. The firm has a market cap of $299.61 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 3.70 and a beta of 0.46. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38.

CocaCola (NYSE:KO) last released its 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. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. Analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.93%. CocaCola’s dividend payout ratio is currently 81.60%.

Analyst Upgrades and Downgrades

KO has been the subject of a number of analyst reports. Barclays reissued an “overweight” rating on shares of CocaCola in a research note on Thursday, March 27th. UBS Group boosted their price objective on CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Morgan Stanley reiterated an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Piper Sandler increased their price target on CocaCola from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Royal Bank Of Canada lifted their price objective on shares of CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $76.00.

Insiders Place Their Bets

In other CocaCola news, CFO John Murphy sold 88,658 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 205,511 shares in the company, valued at approximately $14,815,287.99. This trade represents a 30.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the transaction, the chief executive officer now directly owns 275,946 shares in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 415,387 shares of company stock worth $29,923,985. Company insiders own 0.90% of the company’s stock.

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.