Stratos Investment Management LLC Has $2.14 Million Stock Position in CocaCola Company (The) (NYSE:KO)

Stratos Investment Management LLC grew its position in CocaCola Company (The) (NYSE:KO - Free Report) by 24.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,916 shares of the company's stock after purchasing an additional 5,886 shares during the period. Stratos Investment Management LLC's holdings in CocaCola were worth $2,143,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KO. MorganRosel Wealth Management LLC acquired a new position in CocaCola during the 1st quarter worth about $25,000. Crowley Wealth Management Inc. acquired a new position in CocaCola during the 4th quarter worth about $27,000. Garde Capital Inc. acquired a new position in CocaCola during the 1st quarter worth about $30,000. Mizuho Securities Co. Ltd. raised its holdings in 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 purchasing an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC raised its holdings in CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling

In related news, CEO James Quincey sold 266,403 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the sale, the chief financial officer directly owned 205,511 shares of the company's stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by corporate insiders.

CocaCola Trading Down 1.0%

Shares of KO stock traded down $0.71 on Wednesday, reaching $69.53. The company had a trading volume of 33,690,781 shares, compared to its average volume of 16,297,249. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The stock has a market cap of $299.28 billion, a PE ratio of 27.81, a PEG ratio of 3.68 and a beta of 0.45. The company has a 50-day moving average of $71.02 and a 200-day moving average of $68.71. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

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

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were paid 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 yield of 2.93%. CocaCola's payout ratio is 81.60%.

Analysts Set New Price Targets

KO has been the subject of several recent research reports. UBS Group boosted their price objective on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Cfra Research raised CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Morgan Stanley reissued an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Barclays reissued an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. boosted their price objective on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $76.27.

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.