Signaturefd LLC Has $31.70 Million Stock Position in CocaCola Company (The) $KO

Key Points

• Signaturefd LLC has reduced its holdings in CocaCola by 7.7% during the second quarter, decreasing its position to approximately $31.70 million after selling 37,340 shares.
• CocaCola is currently rated as a "Buy" by analysts, with an average price target of $76.93, despite some recent cuts in target prices by firms like Wells Fargo and UBS Group.
• The company recently announced a quarterly dividend of $0.51 per share, which equates to an annualized dividend yield of 3.1%, with the dividend payout ratio standing at 72.34%.

Signaturefd LLC reduced its position in CocaCola Company (The) (NYSE:KO - Free Report) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 448,044 shares of the company's stock after selling 37,340 shares during the quarter. CocaCola makes up 0.5% of Signaturefd LLC's portfolio, making the stock its 27th largest holding. Signaturefd LLC's holdings in CocaCola were worth $31,699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KO. Brighton Jones LLC raised its holdings in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after buying an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after buying an additional 293 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of CocaCola by 1.3% in the fourth quarter. Two Sigma Investments LP now owns 48,000 shares of the company's stock valued at $2,988,000 after buying an additional 621 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of CocaCola by 4.4% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 14,213 shares of the company's stock valued at $885,000 after buying an additional 600 shares during the last quarter. Finally, First Hawaiian Bank raised its holdings in shares of CocaCola by 147.0% in the first quarter. First Hawaiian Bank now owns 12,536 shares of the company's stock valued at $898,000 after buying an additional 7,461 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KO shares. Wells Fargo & Company cut their price target on CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday. BNP Paribas reissued an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Morgan Stanley restated an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, UBS Group decreased their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $76.93.

CocaCola Stock Down 0.5%

KO stock opened at $65.64 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The stock has a market capitalization of $282.49 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 3.44 and a beta of 0.43. The business's fifty day moving average price is $68.58 and its two-hundred day moving average price is $70.05. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

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

CocaCola Announces Dividend

The business also recently announced 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. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio is 72.34%.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.97% of the stock is owned by company insiders.

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.

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