Mountain Pacific Investment Advisers LLC Has $564,000 Stake in The Coca-Cola Company (NYSE:KO)

Mountain Pacific Investment Advisers LLC trimmed its stake in The Coca-Cola Company (NYSE:KO) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,874 shares of the company’s stock after selling 400 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Coca-Cola were worth $564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Voleon Capital Management LP acquired a new stake in Coca-Cola during the 4th quarter worth about $2,513,000. Clark Capital Management Group Inc. grew its holdings in Coca-Cola by 31.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company’s stock worth $52,851,000 after acquiring an additional 204,681 shares during the period. Alphinity Investment Management Pty Ltd grew its holdings in Coca-Cola by 8.1% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 10,484,527 shares of the company’s stock worth $652,767,000 after acquiring an additional 783,161 shares during the period. StoneX Group Inc. grew its holdings in Coca-Cola by 80.0% during the 4th quarter. StoneX Group Inc. now owns 51,775 shares of the company’s stock worth $3,224,000 after acquiring an additional 23,009 shares during the period. Finally, Fortress Financial Group LLC acquired a new stake in Coca-Cola during the 4th quarter worth about $416,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Trading Down 0.7%

NYSE:KO opened at $70.51 on Tuesday. 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 $303.50 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46. The firm’s 50 day moving average is $71.60 and its 200 day moving average is $67.94. The Coca-Cola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Coca-Cola’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. Sell-side analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.89%. Coca-Cola’s dividend payout ratio (DPR) is presently 81.60%.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 266,403 shares of the business’s 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 sale, the chief executive officer now owns 275,946 shares of the company’s stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Murphy sold 88,658 shares of the business’s 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 sale, the chief financial officer now directly owns 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KO. Barclays reaffirmed an “overweight” rating on shares of Coca-Cola in a research report on Thursday, March 27th. JPMorgan Chase & Co. boosted their target price on Coca-Cola from $74.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Cfra Research raised Coca-Cola to a “strong-buy” rating in a research report on Tuesday, April 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $81.00 target price on shares of Coca-Cola in a research report on Monday, June 9th. Finally, UBS Group boosted their target price on Coca-Cola from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $76.00.

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.