Sapient Capital LLC Sells 11,003 Shares of CocaCola Company (The) $KO

Sapient Capital LLC lowered its position in CocaCola Company (The) (NYSE:KO) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 301,586 shares of the company’s stock after selling 11,003 shares during the period. Sapient Capital LLC’s holdings in CocaCola were worth $20,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. 1248 Management LLC purchased a new position in CocaCola during the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased its stake in CocaCola by 5,142.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares during the period. Headlands Technologies LLC bought a new stake in shares of CocaCola during the second quarter worth $26,000. MMA Asset Management LLC bought a new stake in shares of CocaCola during the second quarter worth $34,000. Finally, GFG Capital LLC purchased a new stake in shares of CocaCola during the second quarter valued at $34,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at CocaCola

In other news, COO Henrique Braun sold 40,390 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $70.93, for a total value of $2,864,862.70. Following the sale, the chief operating officer directly owned 62,621 shares in the company, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Max R. Levchin acquired 7,206 shares of CocaCola stock in a transaction that occurred on Friday, October 24th. The shares were purchased at an average price of $69.87 per share, with a total value of $503,483.22. Following the purchase, the director owned 14,267 shares in the company, valued at $996,835.29. This represents a 102.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 225,252 shares of company stock valued at $15,953,007. 0.97% of the stock is currently owned by corporate insiders.

CocaCola Stock Performance

Shares of KO stock opened at $69.90 on Friday. The firm has a market cap of $300.69 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 3.88 and a beta of 0.39. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. The company’s 50 day moving average is $70.51 and its 200 day moving average is $69.39.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. The business had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. On average, sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.51 dividend. The ex-dividend date was Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. CocaCola’s payout ratio is currently 67.55%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KO. Cowen reiterated a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. Piper Sandler lifted their price target on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. TD Cowen increased their price objective on CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. Finally, Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $79.08.

CocaCola Company Profile

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.