Jag Capital Management LLC Has $2.62 Million Stock Holdings in CocaCola Company (The) $KO

Jag Capital Management LLC trimmed its position in shares of CocaCola Company (The) (NYSE:KO) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,010 shares of the company’s stock after selling 632 shares during the period. Jag Capital Management LLC’s holdings in CocaCola were worth $2,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Wealth Group LLC increased its position in CocaCola by 9.1% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 26,003 shares of the company’s stock worth $1,840,000 after purchasing an additional 2,166 shares during the last quarter. NorthRock Partners LLC grew its stake in shares of CocaCola by 4.4% in the 2nd quarter. NorthRock Partners LLC now owns 50,458 shares of the company’s stock valued at $3,595,000 after buying an additional 2,141 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in CocaCola by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 334,695 shares of the company’s stock worth $23,680,000 after buying an additional 2,000 shares during the last quarter. Astoria Portfolio Advisors LLC. raised its position in CocaCola by 1.8% during the second quarter. Astoria Portfolio Advisors LLC. now owns 17,656 shares of the company’s stock valued at $1,220,000 after acquiring an additional 312 shares in the last quarter. Finally, Concord Asset Management LLC VA lifted its stake in CocaCola by 5.6% in the second quarter. Concord Asset Management LLC VA now owns 61,457 shares of the company’s stock valued at $4,348,000 after acquiring an additional 3,250 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KO. UBS Group dropped their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. BNP Paribas restated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $76.93.

CocaCola Trading Down 0.4%

CocaCola stock opened at $66.76 on Tuesday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The firm has a market capitalization of $287.29 billion, a PE ratio of 23.67, a PEG ratio of 3.49 and a beta of 0.43. The business’s 50-day simple moving average is $68.01 and its 200-day simple moving average is $69.82.

CocaCola (NYSE:KO) last released its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. Equities research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. CocaCola’s payout ratio is 72.34%.

Insider Buying and Selling

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by insiders.

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.