Signaturefd LLC Trims Stake in CocaCola Company (The) (NYSE:KO)

Signaturefd LLC lessened its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 8.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,384 shares of the company's stock after selling 44,308 shares during the quarter. CocaCola comprises 0.7% of Signaturefd LLC's investment portfolio, making the stock its 24th biggest holding. Signaturefd LLC's holdings in CocaCola were worth $34,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new stake in CocaCola in the 1st quarter valued at about $25,000. Garde Capital Inc. purchased a new stake in CocaCola in the 1st quarter valued at about $30,000. Crowley Wealth Management Inc. purchased a new stake in CocaCola in the 4th quarter valued at about $27,000. Mizuho Securities Co. Ltd. increased its stake in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares during the last quarter. Finally, Moser Wealth Advisors LLC increased its stake in CocaCola by 449.5% in the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after buying an additional 409 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Transactions at CocaCola

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the sale, the executive vice president directly owned 187,716 shares of the company's stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James Quincey sold 266,403 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 415,387 shares of company stock valued at $29,923,985. Insiders own 0.97% of the company's stock.

Analyst Ratings Changes

KO has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Barclays restated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Morgan Stanley restated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Royal Bank Of Canada raised their price target on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, UBS Group raised their price target on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, CocaCola currently has a consensus rating of "Buy" and an average target price of $76.71.

CocaCola Price Performance

Shares of KO traded up $0.46 during mid-day trading on Thursday, reaching $69.73. 7,398,694 shares of the stock traded hands, compared to its average volume of 16,328,396. The firm has a fifty day moving average price of $70.74 and a 200 day moving average price of $68.96. The company has a market cap of $300.13 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 3.64 and a beta of 0.45. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. As a group, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Friday, June 13th. CocaCola's dividend payout ratio is currently 81.60%.

CocaCola 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.