CocaCola Company (The) $KO Shares Acquired by Signature Estate & Investment Advisors LLC

Key Points

• Signature Estate & Investment Advisors LLC significantly increased its position in CocaCola Company by 91.7% during the first quarter, owning 12,397 shares valued at approximately $888,000.
• CocaCola announced a quarterly dividend of $0.51, payable on October 1st, representing an annualized yield of 3.0% and a dividend payout ratio of 72.34%.
• Analysts have raised their price targets for CocaCola, with JPMorgan Chase setting a new target at $79.00, indicating an overall consensus rating of "Buy" with a price target of $77.21.

Signature Estate & Investment Advisors LLC boosted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 91.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,397 shares of the company's stock after purchasing an additional 5,930 shares during the quarter. Signature Estate & Investment Advisors LLC's holdings in CocaCola were worth $888,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in CocaCola by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company's stock valued at $25,869,202,000 after acquiring an additional 1,114,422 shares in the last quarter. Wellington Management Group LLP boosted its position in CocaCola by 52.7% during the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock valued at $3,398,185,000 after acquiring an additional 16,383,870 shares in the last quarter. Amundi boosted its position in CocaCola by 16.0% during the 1st quarter. Amundi now owns 21,236,315 shares of the company's stock valued at $1,554,074,000 after acquiring an additional 2,922,619 shares in the last quarter. Nuveen LLC bought a new stake in CocaCola during the 1st quarter valued at $1,508,657,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in CocaCola by 5.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,133,745 shares of the company's stock valued at $1,155,499,000 after acquiring an additional 866,773 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction that occurred 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 transaction, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.97% of the stock is owned by company insiders.

CocaCola Stock Down 0.8%

NYSE KO traded down $0.53 during trading hours on Friday, hitting $67.09. 7,191,248 shares of the company were exchanged, compared to its average volume of 16,858,178. The firm has a market cap of $288.72 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 3.53 and a beta of 0.43. The company has a 50 day moving average of $69.38 and a two-hundred day moving average of $70.40. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. During the same quarter last year, the company posted $0.84 earnings per share. The business's quarterly revenue was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola's dividend payout ratio (DPR) is 72.34%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KO shares. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. BNP Paribas reiterated an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. UBS Group reduced their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. lifted their price objective on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $76.93.

CocaCola 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.