Stratos Wealth Partners LTD. Reduces Holdings in CocaCola Company (The) (NYSE:KO)

Stratos Wealth Partners LTD. trimmed its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 8.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,008 shares of the company's stock after selling 10,581 shares during the period. Stratos Wealth Partners LTD.'s holdings in CocaCola were worth $8,738,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KO. Liberty One Investment Management LLC increased its holdings in CocaCola by 1.5% in the 1st quarter. Liberty One Investment Management LLC now owns 464,526 shares of the company's stock valued at $33,269,000 after acquiring an additional 6,659 shares during the last quarter. Stratos Investment Management LLC grew its stake in shares of CocaCola by 24.5% in the 1st quarter. Stratos Investment Management LLC now owns 29,916 shares of the company's stock worth $2,143,000 after buying an additional 5,886 shares in the last quarter. Sierra Capital LLC grew its stake in shares of CocaCola by 13.2% in the 1st quarter. Sierra Capital LLC now owns 9,470 shares of the company's stock worth $678,000 after buying an additional 1,101 shares in the last quarter. Navalign LLC grew its stake in shares of CocaCola by 1.2% in the 1st quarter. Navalign LLC now owns 24,725 shares of the company's stock worth $1,771,000 after buying an additional 290 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC grew its stake in shares of CocaCola by 36.8% in the 1st quarter. Garrett Wealth Advisory Group LLC now owns 6,037 shares of the company's stock worth $432,000 after buying an additional 1,625 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Performance

NYSE:KO traded up $0.12 during trading hours on Friday, hitting $69.89. 12,910,766 shares of the company were exchanged, compared to its average volume of 16,338,493. The stock has a market capitalization of $300.83 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.66 and a beta of 0.45. 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 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The company's 50 day moving average price is $70.90 and its 200-day moving average price is $68.86.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. As a group, research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, June 13th. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KO shares. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. JPMorgan Chase & Co. lifted their price target 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. Finally, Royal Bank Of Canada boosted their price objective on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $76.71.

Insider Buying and Selling

In other CocaCola news, CFO John Murphy sold 88,658 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the transaction, the chief financial officer directly owned 205,511 shares in the company, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 275,946 shares of the company's stock, valued at $19,884,668.76. This represents a 49.12% 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. Corporate insiders own 0.97% of the company's stock.

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.