CocaCola Company (The) (NYSE:KO) Stock Holdings Boosted by Stratos Investment Management LLC

Stratos Investment Management LLC boosted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 24.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,916 shares of the company's stock after purchasing an additional 5,886 shares during the quarter. Stratos Investment Management LLC's holdings in CocaCola were worth $2,143,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new stake in CocaCola during the first quarter worth approximately $25,000. Crowley Wealth Management Inc. purchased a new stake in CocaCola during the fourth quarter worth approximately $27,000. Garde Capital Inc. purchased a new stake in CocaCola during the first quarter worth approximately $30,000. Mizuho Securities Co. Ltd. grew its stake in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares during the period. Finally, REAP Financial Group LLC grew its stake in CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after buying an additional 208 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KO shares. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Barclays reissued an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. UBS Group boosted their target price on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Royal Bank Of Canada boosted their target price on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, CocaCola currently has an average rating of "Buy" and a consensus target price of $76.27.

CocaCola Stock Performance

Shares of NYSE:KO traded down $1.11 on Wednesday, reaching $69.14. 12,858,164 shares of the company's stock were exchanged, compared to its average volume of 16,194,683. The firm has a market capitalization of $297.58 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 3.72 and a beta of 0.45. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The business's 50-day moving average is $71.02 and its two-hundred day moving average is $68.71. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.02. The company had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The firm's revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, equities research analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.95%. CocaCola's dividend payout ratio (DPR) is 81.60%.

Insiders Place Their Bets

In other CocaCola news, CEO James Quincey sold 266,403 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the sale, the chief executive officer directly owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction on 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 sale, the chief financial officer directly owned 205,511 shares in the company, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 415,387 shares of company stock valued at $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.