Signature Estate & Investment Advisors LLC Increases Holdings in The Coca-Cola Company (NYSE:KO)

Signature Estate & Investment Advisors LLC increased its position in The Coca-Cola Company (NYSE:KOGet Rating) by 7.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,858 shares of the company’s stock after acquiring an additional 279 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Coca-Cola were worth $243,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Coca-Cola by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 351,220,018 shares of the company’s stock worth $21,775,641,000 after acquiring an additional 8,961,600 shares during the last quarter. BlackRock Inc. grew its holdings in Coca-Cola by 3.7% during the 4th quarter. BlackRock Inc. now owns 279,741,946 shares of the company’s stock valued at $16,563,519,000 after buying an additional 9,884,447 shares in the last quarter. State Street Corp grew its holdings in Coca-Cola by 0.8% during the 1st quarter. State Street Corp now owns 171,972,013 shares of the company’s stock valued at $10,737,003,000 after buying an additional 1,374,105 shares in the last quarter. Wellington Management Group LLP grew its holdings in Coca-Cola by 10.7% during the 1st quarter. Wellington Management Group LLP now owns 80,654,038 shares of the company’s stock valued at $5,000,550,000 after buying an additional 7,800,237 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Coca-Cola by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 51,570,921 shares of the company’s stock valued at $3,197,397,000 after buying an additional 1,301,902 shares in the last quarter. Hedge funds and other institutional investors own 68.93% of the company’s stock.

Coca-Cola Stock Performance

NYSE:KO opened at $59.26 on Friday. The business has a 50 day moving average of $62.58 and a 200 day moving average of $62.67. The company has a market capitalization of $256.28 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 3.76 and a beta of 0.54. The Coca-Cola Company has a 1-year low of $52.28 and a 1-year high of $67.20. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 0.95.

Coca-Cola (NYSE:KOGet Rating) last released its earnings results on Tuesday, July 26th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $10.57 billion. Coca-Cola had a return on equity of 42.13% and a net margin of 23.16%. Coca-Cola’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. On average, sell-side analysts predict that The Coca-Cola Company will post 2.46 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 16th will be given a $0.44 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.76 annualized dividend and a yield of 2.97%. Coca-Cola’s payout ratio is currently 79.64%.

Insider Buying and Selling at Coca-Cola

In related news, Director Carolyn Everson acquired 983 shares of the stock in a transaction on Wednesday, July 27th. The stock was purchased at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,435. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO James Quincey sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $64.09, for a total transaction of $2,050,880.00. Following the transaction, the chief executive officer now directly owns 351,737 shares of the company’s stock, valued at $22,542,824.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carolyn Everson bought 983 shares of Coca-Cola stock in a transaction dated Wednesday, July 27th. The shares were acquired at an average cost of $62.29 per share, for a total transaction of $61,231.07. Following the completion of the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $93,435. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 45,830 shares of company stock worth $2,939,961. 0.98% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Royal Bank of Canada set a $69.00 target price on Coca-Cola in a report on Tuesday, July 26th. UBS Group lifted their target price on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Credit Suisse Group set a $68.00 target price on Coca-Cola in a report on Wednesday, July 20th. Morgan Stanley reduced their target price on Coca-Cola from $76.00 to $74.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. set a $70.00 price target on Coca-Cola in a research report on Tuesday, July 26th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.59.

Coca-Cola Company Profile

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. 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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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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