Marks Group Wealth Management Inc Has $2.30 Million Stock Holdings in CocaCola Company (The) $KO

Marks Group Wealth Management Inc decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 2.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 32,536 shares of the company’s stock after selling 719 shares during the period. Marks Group Wealth Management Inc’s holdings in CocaCola were worth $2,302,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Woodmont Investment Counsel LLC boosted its position in shares of CocaCola by 1.0% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 112,824 shares of the company’s stock worth $7,982,000 after acquiring an additional 1,087 shares in the last quarter. Grimes & Company Inc. boosted its position in shares of CocaCola by 10.9% during the 2nd quarter. Grimes & Company Inc. now owns 26,140 shares of the company’s stock worth $1,849,000 after acquiring an additional 2,563 shares in the last quarter. JSF Financial LLC boosted its position in shares of CocaCola by 10.3% during the 2nd quarter. JSF Financial LLC now owns 3,212 shares of the company’s stock worth $227,000 after acquiring an additional 299 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of CocaCola by 70.7% during the 2nd quarter. Merit Financial Group LLC now owns 199,259 shares of the company’s stock worth $14,098,000 after acquiring an additional 82,550 shares in the last quarter. Finally, Beacon Financial Advisory LLC boosted its position in shares of CocaCola by 1.8% during the 2nd quarter. Beacon Financial Advisory LLC now owns 27,075 shares of the company’s stock worth $1,916,000 after acquiring an additional 484 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

A number of analysts have weighed in on KO shares. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research report on Saturday, September 27th. Wells Fargo & Company cut their target price on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Morgan Stanley restated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, UBS Group cut their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to MarketBeat, CocaCola presently has a consensus rating of “Buy” and a consensus target price of $76.93.

CocaCola Price Performance

KO stock opened at $66.65 on Monday. The company has a fifty day moving average price of $68.27 and a 200-day moving average price of $69.95. The company has a market capitalization of $286.86 billion, a P/E ratio of 23.64, a PEG ratio of 3.47 and a beta of 0.43. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21.

CocaCola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. As a group, equities analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. CocaCola’s dividend payout ratio (DPR) is presently 72.34%.

CocaCola Company 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.