Mirador Capital Partners LP Takes $341,000 Position in The Coca-Cola Company (NYSE:KO)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Norges Bank acquired a new stake in Coca-Cola in the 4th quarter valued at $3,402,151,000. Capital International Investors grew its stake in Coca-Cola by 96.0% in the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after purchasing an additional 12,222,885 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Coca-Cola by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock worth $4,617,400,000 after purchasing an additional 11,569,920 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Coca-Cola during the 4th quarter worth approximately $500,192,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Coca-Cola by 21.9% in the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after buying an additional 6,118,819 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Trading Down 1.1%

Shares of NYSE:KO traded down $0.77 on Tuesday, hitting $71.23. The company had a trading volume of 20,134,382 shares, compared to its average volume of 15,743,773. The firm's 50-day simple moving average is $71.39 and its two-hundred day simple moving average is $67.39. The firm has a market capitalization of $306.59 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 3.79 and a beta of 0.47. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data 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. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. 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 prior year, the company earned $0.72 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. Equities analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. Coca-Cola's payout ratio is 81.60%.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 55,500 shares of Coca-Cola stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the sale, the insider now owns 246,909 shares of the company's stock, valued at approximately $17,533,008.09. This trade represents a 18.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Henrique Braun sold 25,277 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the transaction, the chief operating officer now owns 52,466 shares of the company's stock, valued at $3,749,745.02. This trade represents a 32.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 496,164 shares of company stock valued at $35,671,587. Insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on KO. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Thursday, February 13th. UBS Group raised their price target on Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Piper Sandler upped their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Wells Fargo & Company raised their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target 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.