Sapient Capital LLC Boosts Stake in The Coca-Cola Company (NYSE:KO)

Sapient Capital LLC boosted its holdings in The Coca-Cola Company (NYSE:KO) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 315,167 shares of the company’s stock after purchasing an additional 1,259 shares during the period. Sapient Capital LLC’s holdings in Coca-Cola were worth $22,801,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its position in shares of Coca-Cola by 5.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 28,613 shares of the company’s stock valued at $1,686,000 after buying an additional 1,487 shares during the period. Creekmur Asset Management LLC purchased a new stake in shares of Coca-Cola in the 4th quarter worth $54,000. Richardson Financial Services Inc. bought a new stake in Coca-Cola during the 4th quarter worth approximately $208,000. Fisher Asset Management LLC lifted its position in shares of Coca-Cola by 11,127.2% in the fourth quarter. Fisher Asset Management LLC now owns 4,972,733 shares of the company’s stock valued at $293,043,000 after acquiring an additional 4,928,441 shares in the last quarter. Finally, Willner & Heller LLC bought a new position in Coca-Cola in the 4th quarter worth approximately $228,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Bruno Pietracci sold 38,653 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $69.01, for a total value of $2,667,443.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Bruno Pietracci sold 38,653 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $69.01, for a total transaction of $2,667,443.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Nancy Quan sold 37,787 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $66.96, for a total value of $2,530,217.52. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $14,954,176.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 376,096 shares of company stock worth $25,982,352. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.2 %

Shares of KO stock opened at $69.71 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39. The Coca-Cola Company has a twelve month low of $52.84 and a twelve month high of $73.53. The stock has a 50 day moving average of $70.51 and a 200 day moving average of $65.46. The stock has a market cap of $300.31 billion, a P/E ratio of 27.83, a P/E/G ratio of 3.92 and a beta of 0.60.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The firm had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Friday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citigroup lifted their target price on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada upped their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Wells Fargo & Company lifted their price objective on Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, Truist Financial boosted their price target on Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.33.

Coca-Cola 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.