S.A. Mason LLC Sells 349 Shares of The Coca-Cola Company (NYSE:KO)

S.A. Mason LLC lowered its position in The Coca-Cola Company (NYSE:KO) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,019 shares of the company’s stock after selling 349 shares during the period. S.A. Mason LLC’s holdings in Coca-Cola were worth $491,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Revolve Wealth Partners LLC boosted its stake in shares of Coca-Cola by 3.7% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,705 shares of the company’s stock worth $471,000 after buying an additional 276 shares during the last quarter. Northeast Financial Group Inc. acquired a new position in shares of Coca-Cola during the 1st quarter worth about $201,000. Aspiriant LLC boosted its stake in shares of Coca-Cola by 1.7% during the 1st quarter. Aspiriant LLC now owns 14,659 shares of the company’s stock worth $897,000 after buying an additional 249 shares during the last quarter. Key Client Fiduciary Advisors LLC boosted its stake in shares of Coca-Cola by 59.8% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 6,862 shares of the company’s stock worth $420,000 after buying an additional 2,567 shares during the last quarter. Finally, Sovereign Financial Group Inc. boosted its stake in shares of Coca-Cola by 9.5% during the 1st quarter. Sovereign Financial Group Inc. now owns 12,100 shares of the company’s stock worth $740,000 after buying an additional 1,049 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In related news, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the transaction, the executive vice president now directly owns 33,638 shares of the company’s stock, valued at $2,129,621.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $62.34, for a total value of $5,042,744.94. Following the sale, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Monica Howard Douglas sold 8,874 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $63.31, for a total transaction of $561,812.94. Following the completion of the sale, the executive vice president now owns 33,638 shares in the company, valued at approximately $2,129,621.78. The disclosure for this sale can be found here. Insiders have sold 223,665 shares of company stock valued at $13,995,465 over the last three months. 0.97% of the stock is owned by insiders.

Coca-Cola Stock Performance

Shares of KO traded down $0.06 during mid-day trading on Thursday, hitting $63.99. 915,180 shares of the company’s stock were exchanged, compared to its average volume of 13,027,729. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.36. The stock’s 50-day simple moving average is $62.44 and its 200-day simple moving average is $60.69. The firm has a market cap of $275.67 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 3.61 and a beta of 0.59. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The company had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $11.01 billion. During the same period last year, the firm earned $0.68 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts expect that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.03%. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KO. Barclays raised their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Argus raised their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Evercore ISI raised their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

Coca-Cola Company 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.