The Coca-Cola Co (NYSE:KO) Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its stake in shares of The Coca-Cola Co (NYSE:KO) by 14.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 617,152 shares of the company’s stock after selling 107,017 shares during the quarter. The Coca-Cola comprises about 2.8% of Signaturefd LLC’s investment portfolio, making the stock its 9th largest position. Signaturefd LLC’s holdings in The Coca-Cola were worth $33,598,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nuveen Asset Management LLC grew its position in shares of The Coca-Cola by 9,580.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 32,579,854 shares of the company’s stock valued at $1,658,966,000 after purchasing an additional 32,243,310 shares during the period. Morgan Stanley grew its position in shares of The Coca-Cola by 15.0% in the 2nd quarter. Morgan Stanley now owns 41,763,050 shares of the company’s stock valued at $2,126,574,000 after purchasing an additional 5,449,889 shares during the period. Vanguard Group Inc. grew its position in shares of The Coca-Cola by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 308,293,644 shares of the company’s stock valued at $15,698,312,000 after purchasing an additional 4,225,080 shares during the period. California Public Employees Retirement System grew its position in shares of The Coca-Cola by 20.9% in the 2nd quarter. California Public Employees Retirement System now owns 23,023,556 shares of the company’s stock valued at $1,172,359,000 after purchasing an additional 3,984,190 shares during the period. Finally, Thoroughbred Financial Services LLC grew its position in shares of The Coca-Cola by 5,235.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,696,625 shares of the company’s stock valued at $169,662,000 after purchasing an additional 1,664,823 shares during the period. Institutional investors own 67.52% of the company’s stock.

In other news, SVP Francisco Crespo sold 130,637 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $55.15, for a total transaction of $7,204,630.55. Following the sale, the senior vice president now owns 139,975 shares in the company, valued at approximately $7,719,621.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Beatriz R. Perez sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $53.40, for a total value of $747,600.00. Following the sale, the senior vice president now owns 108,457 shares in the company, valued at approximately $5,791,603.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 429,638 shares of company stock valued at $23,411,372. Insiders own 1.33% of the company’s stock.

KO has been the subject of several research analyst reports. Morgan Stanley set a $60.00 price objective on The Coca-Cola and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Bank of America reiterated a “buy” rating and issued a $60.00 price objective (up from $55.00) on shares of The Coca-Cola in a research report on Wednesday, July 24th. Royal Bank of Canada reiterated a “buy” rating and issued a $60.00 price objective on shares of The Coca-Cola in a research report on Wednesday, July 24th. ValuEngine lowered The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Deutsche Bank boosted their price objective on The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.26.

NYSE:KO traded down $0.01 during trading hours on Wednesday, reaching $53.50. 7,614,856 shares of the stock were exchanged, compared to its average volume of 10,788,380. The Coca-Cola Co has a twelve month low of $44.42 and a twelve month high of $55.92. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71. The firm has a 50 day moving average of $54.33 and a 200 day moving average of $51.40. The stock has a market cap of $227.91 billion, a PE ratio of 25.72, a PEG ratio of 3.71 and a beta of 0.45.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.86 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Friday, September 13th. The Coca-Cola’s dividend payout ratio (DPR) is currently 76.92%.

The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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.

Further Reading: What is the Beige Book?

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).

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

Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.