Signaturefd LLC Purchases 140,972 Shares of The Coca-Cola Co (NYSE:KO)

Signaturefd LLC boosted its position in shares of The Coca-Cola Co (NYSE:KO) by 27.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,147 shares of the company’s stock after acquiring an additional 140,972 shares during the quarter. The Coca-Cola accounts for approximately 3.2% of Signaturefd LLC’s investment portfolio, making the stock its 10th biggest holding. Signaturefd LLC’s holdings in The Coca-Cola were worth $28,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KO. Ascension Asset Management LLC grew its stake in shares of The Coca-Cola by 5.3% in the second quarter. Ascension Asset Management LLC now owns 22,050 shares of the company’s stock valued at $967,000 after acquiring an additional 1,100 shares in the last quarter. Jag Capital Management LLC grew its stake in shares of The Coca-Cola by 3.3% in the second quarter. Jag Capital Management LLC now owns 34,844 shares of the company’s stock valued at $1,528,000 after acquiring an additional 1,116 shares in the last quarter. Greatmark Investment Partners Inc. grew its stake in shares of The Coca-Cola by 0.9% in the first quarter. Greatmark Investment Partners Inc. now owns 144,876 shares of the company’s stock valued at $6,292,000 after acquiring an additional 1,244 shares in the last quarter. Gradient Investments LLC grew its stake in shares of The Coca-Cola by 0.9% in the second quarter. Gradient Investments LLC now owns 147,766 shares of the company’s stock valued at $6,481,000 after acquiring an additional 1,248 shares in the last quarter. Finally, SVA Plumb Wealth Management LLC grew its stake in shares of The Coca-Cola by 2.1% in the first quarter. SVA Plumb Wealth Management LLC now owns 61,486 shares of the company’s stock valued at $2,767,000 after acquiring an additional 1,282 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the stock. Macquarie set a $47.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Friday, September 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $50.00 price objective on shares of The Coca-Cola in a research note on Thursday, July 26th. Morgan Stanley set a $49.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Tuesday, September 4th. Jefferies Financial Group reiterated a “hold” rating and set a $48.00 price objective on shares of The Coca-Cola in a research note on Friday, August 31st. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $52.00 price objective on shares of The Coca-Cola in a research note on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. The Coca-Cola has a consensus rating of “Hold” and a consensus price target of $50.71.

In related news, VP Kathy N. Waller sold 48,354 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $46.45, for a total value of $2,246,043.30. Following the completion of the transaction, the vice president now owns 200,725 shares in the company, valued at approximately $9,323,676.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Murphy sold 56,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $46.48, for a total transaction of $2,602,880.00. Following the completion of the transaction, the insider now owns 140,869 shares of the company’s stock, valued at approximately $6,547,591.12. The disclosure for this sale can be found here. Insiders sold 215,822 shares of company stock valued at $10,027,727 in the last three months. Company insiders own 1.48% of the company’s stock.

KO stock opened at $46.48 on Tuesday. The stock has a market capitalization of $197.04 billion, a PE ratio of 24.35, a P/E/G ratio of 2.85 and a beta of 0.74. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 1.06. The Coca-Cola Co has a 12 month low of $41.45 and a 12 month high of $48.62.

The Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, July 25th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.54 billion. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. As a group, analysts anticipate that The Coca-Cola Co will post 2.07 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were issued a $0.39 dividend. The ex-dividend date was Thursday, September 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.36%. The Coca-Cola’s dividend payout ratio (DPR) is currently 81.68%.

The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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