Sigma Planning Corp Has $5.59 Million Holdings in CocaCola Company (The) $KO

Sigma Planning Corp lessened its position in shares of CocaCola Company (The) (NYSE:KO) by 1.6% in the second quarter, HoldingsChannel.com reports. The firm owned 78,964 shares of the company’s stock after selling 1,255 shares during the quarter. Sigma Planning Corp’s holdings in CocaCola were worth $5,587,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KO. Nuveen LLC acquired a new stake in shares of CocaCola during the 1st quarter worth approximately $1,508,657,000. Wellington Management Group LLP grew its position in shares of CocaCola by 52.7% during the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company’s stock worth $3,398,185,000 after buying an additional 16,383,870 shares during the period. Boston Partners acquired a new stake in shares of CocaCola during the 1st quarter worth approximately $642,183,000. Raymond James Financial Inc. grew its position in shares of CocaCola by 47.4% during the 1st quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company’s stock worth $848,315,000 after buying an additional 3,810,752 shares during the period. Finally, Amundi grew its position in shares of CocaCola by 16.0% during the 1st quarter. Amundi now owns 21,236,315 shares of the company’s stock worth $1,554,074,000 after buying an additional 2,922,619 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Trading Down 0.1%

Shares of CocaCola stock opened at $68.94 on Monday. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The stock’s 50-day simple moving average is $67.73 and its 200 day simple moving average is $69.65. The stock has a market capitalization of $296.56 billion, a P/E ratio of 22.83, a P/E/G ratio of 3.57 and a beta of 0.43. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The business had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. As a group, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola’s payout ratio is presently 67.55%.

Analysts Set New Price Targets

Several research firms recently issued reports on KO. Cowen reissued a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Barclays reissued an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. Wells Fargo & Company lifted their price target on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. Finally, UBS Group reduced their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat.com, CocaCola has an average rating of “Buy” and a consensus target price of $78.31.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Max R. Levchin bought 7,206 shares of the business’s stock in a transaction on Friday, October 24th. The stock was purchased at an average cost of $69.87 per share, with a total value of $503,483.22. Following the purchase, the director owned 14,267 shares of the company’s stock, valued at $996,835.29. This represents a 102.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.97% of the stock is owned by insiders.

CocaCola Company 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.