Signature Estate & Investment Advisors LLC Buys 74,966 Shares of CocaCola Company (The) $KO

Key Points

• Signature Estate & Investment Advisors LLC increased its holdings in CocaCola by 604.7%, acquiring an additional 74,966 shares during the 2nd quarter, bringing their total shares to 87,363 valued at approximately $6.18 million.
• Insider Nikolaos Koumettis sold 37,396 shares of CocaCola, which represents a 15.15% decrease in his ownership, valued at over $2.58 million.
• CocaCola announced a quarterly dividend of $0.51 per share, translating to a 3.0% dividend yield and a payout ratio of 72.34%.

Signature Estate & Investment Advisors LLC boosted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 604.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,363 shares of the company's stock after acquiring an additional 74,966 shares during the period. Signature Estate & Investment Advisors LLC's holdings in CocaCola were worth $6,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after buying an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after buying an additional 293 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of CocaCola by 19.0% during the 1st quarter. GAMMA Investing LLC now owns 83,231 shares of the company's stock worth $5,961,000 after buying an additional 13,261 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of CocaCola by 89.5% during the 1st quarter. ORG Partners LLC now owns 6,390 shares of the company's stock worth $458,000 after buying an additional 3,018 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of CocaCola during the 1st quarter worth approximately $217,000. 70.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.97% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group cut their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their target price on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company lowered their target price on CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $76.69.

CocaCola Trading Up 1.3%

NYSE KO opened at $68.45 on Friday. The firm has a market capitalization of $294.60 billion, a P/E ratio of 24.27, a PEG ratio of 3.57 and a beta of 0.43. The business has a fifty day simple moving average of $67.84 and a 200 day simple moving average of $69.72. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The business had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. On average, analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

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

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.

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