Signaturefd LLC Decreases Stock Holdings in The Coca-Cola Company (NYSE:KO)

Signaturefd LLC lessened its stake in shares of The Coca-Cola Company (NYSE:KOFree Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 529,692 shares of the company’s stock after selling 2,349 shares during the quarter. Coca-Cola comprises about 0.6% of Signaturefd LLC’s investment portfolio, making the stock its 25th biggest holding. Signaturefd LLC’s holdings in Coca-Cola were worth $32,979,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Howard Capital Management Group LLC grew its holdings in Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock valued at $28,716,000 after purchasing an additional 2,069 shares during the period. United Bank grew its stake in Coca-Cola by 65.4% during the third quarter. United Bank now owns 80,888 shares of the company’s stock valued at $5,813,000 after acquiring an additional 31,979 shares in the last quarter. Accredited Investors Inc. lifted its stake in Coca-Cola by 40.2% in the 3rd quarter. Accredited Investors Inc. now owns 13,893 shares of the company’s stock worth $998,000 after purchasing an additional 3,987 shares in the last quarter. Schear Investment Advisers LLC boosted its holdings in shares of Coca-Cola by 17.6% during the 3rd quarter. Schear Investment Advisers LLC now owns 7,044 shares of the company’s stock valued at $506,000 after purchasing an additional 1,054 shares during the last quarter. Finally, Sawgrass Asset Management LLC grew its position in shares of Coca-Cola by 42.9% during the third quarter. Sawgrass Asset Management LLC now owns 6,941 shares of the company’s stock valued at $499,000 after purchasing an additional 2,085 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Down 0.7 %

Shares of KO opened at $69.16 on Monday. The firm has a fifty day moving average price of $66.18 and a 200-day moving average price of $66.54. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $297.47 billion, a P/E ratio of 28.00, a P/E/G ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53.

Coca-Cola (NYSE:KOGet Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Equities research analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.95%. Coca-Cola’s payout ratio is 82.59%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KO. UBS Group increased their price target on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Barclays increased their target price on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Thursday, February 13th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and an average target price of $74.24.

Read Our Latest Analysis on KO

Insiders Place Their Bets

In other news, insider Bruno Pietracci sold 19,058 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lisa Chang sold 13,445 shares of Coca-Cola stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total transaction of $961,317.50. Following the transaction, the executive vice president now directly owns 94,676 shares in the company, valued at approximately $6,769,334. The trade was a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 313,423 shares of company stock worth $22,263,071. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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