Sage Mountain Advisors LLC Increases Stock Holdings in CocaCola Company (The) (NYSE:KO)

Sage Mountain Advisors LLC boosted its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 17.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 25,023 shares of the company's stock after acquiring an additional 3,702 shares during the period. Sage Mountain Advisors LLC's holdings in CocaCola were worth $1,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC boosted its stake in CocaCola by 12.9% during the 1st quarter. Wealthfront Advisers LLC now owns 363,272 shares of the company's stock worth $26,018,000 after purchasing an additional 41,573 shares during the last quarter. West Family Investments Inc. boosted its position in CocaCola by 17.4% during the first quarter. West Family Investments Inc. now owns 18,495 shares of the company's stock worth $1,325,000 after acquiring an additional 2,741 shares during the last quarter. First Command Advisory Services Inc. boosted its position in CocaCola by 1.5% during the first quarter. First Command Advisory Services Inc. now owns 17,494 shares of the company's stock worth $1,253,000 after acquiring an additional 264 shares during the last quarter. BluePointe Capital Management LLC purchased a new stake in CocaCola during the 1st quarter valued at about $250,000. Finally, Firestone Capital Management raised its holdings in CocaCola by 138.3% in the 1st quarter. Firestone Capital Management now owns 20,756 shares of the company's stock valued at $1,487,000 after acquiring an additional 12,045 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on KO shares. JPMorgan Chase & Co. increased their price target on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 21st. UBS Group lifted their price target on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Royal Bank Of Canada lifted their target price on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. 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, the company presently has a consensus rating of "Buy" and an average target price of $76.71.

Insider Buying and Selling at CocaCola

In other news, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the transaction, the executive vice president directly owned 187,716 shares of the company's stock, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John Murphy sold 88,658 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 205,511 shares in the company, valued at approximately $14,815,287.99. This trade represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock valued at $29,923,985 in the last quarter. Corporate insiders own 0.97% of the company's stock.

CocaCola Stock Up 2.0%

Shares of NYSE KO traded up $1.36 during midday trading on Thursday, hitting $70.63. The company's stock had a trading volume of 20,444,355 shares, compared to its average volume of 16,379,738. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The business's fifty day simple moving average is $70.74 and its two-hundred day simple moving average is $68.96. The firm has a market capitalization of $303.99 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 3.64 and a beta of 0.45. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89.

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

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.89%. CocaCola's dividend payout ratio is currently 81.60%.

CocaCola 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.