Sequoia Financial Advisors LLC Has $14.06 Million Stock Holdings in CocaCola Company (The) (NYSE:KO)

Sequoia Financial Advisors LLC grew its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 196,331 shares of the company's stock after purchasing an additional 40,178 shares during the period. Sequoia Financial Advisors LLC's holdings in CocaCola were worth $14,061,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KO. Garde Capital Inc. acquired a new position in CocaCola during the first quarter worth about $30,000. Crowley Wealth Management Inc. acquired a new stake in shares of CocaCola in the 4th quarter valued at approximately $27,000. Mizuho Securities Co. Ltd. grew its holdings in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the last quarter. Moser Wealth Advisors LLC increased its position in CocaCola by 449.5% during the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after purchasing an additional 409 shares in the last quarter. Finally, Mainstream Capital Management LLC bought a new position in CocaCola in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KO. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Royal Bank Of Canada boosted their price objective on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Piper Sandler upped their target price on CocaCola from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. lifted their price target on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, UBS Group boosted 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. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, CocaCola presently has a consensus rating of "Buy" and a consensus target price of $76.27.

CocaCola Stock Performance

NYSE:KO opened at $69.51 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a 50 day simple moving average of $71.31 and a two-hundred day simple moving average of $68.23. The company has a market capitalization of $299.20 billion, a PE ratio of 27.80, a P/E/G ratio of 3.65 and a beta of 0.46.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same period in the prior year, the firm posted $0.72 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. Research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.93%. CocaCola's payout ratio is currently 81.60%.

Insider Transactions at CocaCola

In related news, CFO John Murphy sold 88,658 shares of the 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 transaction, the chief financial officer now directly owns 205,511 shares of the company's stock, valued at $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction on 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 approximately $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 415,387 shares of company stock valued at $29,923,985. Corporate insiders own 0.97% of the company's stock.

About CocaCola

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.

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