Mirador Capital Partners LP Makes New Investment in The Coca-Cola Company (NYSE:KO)

Mirador Capital Partners LP acquired a new stake in The Coca-Cola Company (NYSE:KO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,758 shares of the company's stock, valued at approximately $341,000.

Other large investors also recently bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new stake in shares of Coca-Cola in the 4th quarter valued at $27,000. Mainstream Capital Management LLC acquired a new position in Coca-Cola in the 4th quarter valued at about $31,000. REAP Financial Group LLC increased its stake in Coca-Cola by 57.5% during the fourth 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 period. Murphy & Mullick Capital Management Corp purchased a new stake in Coca-Cola during the fourth quarter worth about $38,000. Finally, Hoey Investments Inc. lifted its position in shares of Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insiders Place Their Bets

In related 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 completion of the sale, the chief executive officer now owns 275,946 shares in the company, valued at $19,884,668.76. This represents a 49.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the sale, the executive vice president now directly owns 187,716 shares of the company's stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 496,164 shares of company stock valued at $35,671,587. 0.97% of the stock is currently owned by insiders.

Coca-Cola Stock Down 0.7%

KO stock traded down $0.48 during trading on Thursday, hitting $70.89. 12,462,407 shares of the company's stock were exchanged, compared to its average volume of 15,791,584. The business has a 50-day moving average price of $71.40 and a two-hundred day moving average price of $67.51. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $305.11 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 3.79 and a beta of 0.46. The Coca-Cola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings data 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. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The company had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter last year, the company earned $0.72 earnings per share. The firm's revenue for the quarter was down .7% on a year-over-year basis. As a group, equities research analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.88%. Coca-Cola's dividend payout ratio is presently 81.60%.

Analyst Upgrades and Downgrades

KO has been the topic of several recent research reports. Cfra Research raised shares of Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. Barclays reaffirmed an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Royal Bank of Canada lifted their target price on Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Wells Fargo & Company boosted their target price on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, Piper Sandler increased their price target on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Coca-Cola presently has an average rating of "Buy" and a consensus target price of $75.81.

About Coca-Cola

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.