Fulton Breakefield Broenniman LLC Decreases Stock Holdings in The Coca-Cola Company (NYSE:KO)

Fulton Breakefield Broenniman LLC cut its holdings in The Coca-Cola Company (NYSE:KO) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,324 shares of the company’s stock after selling 3,530 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Coca-Cola were worth $726,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. ZRC Wealth Management LLC lifted its stake in shares of Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. Criterion Capital Advisors LLC bought a new position in shares of Coca-Cola during the 4th quarter valued at approximately $30,000. Financial Connections Group Inc. purchased a new stake in Coca-Cola during the 4th quarter valued at $38,000. Avion Wealth lifted its position in Coca-Cola by 64.8% in the fourth quarter. Avion Wealth now owns 819 shares of the company’s stock worth $48,000 after buying an additional 322 shares during the last quarter. Finally, Clear Investment Research LLC boosted its stake in Coca-Cola by 36.1% during the third quarter. Clear Investment Research LLC now owns 928 shares of the company’s stock worth $52,000 after buying an additional 246 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In related news, EVP Beatriz R. Perez sold 52,300 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the sale, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at $8,602,980. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Beatriz R. Perez sold 52,300 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the completion of the sale, the executive vice president now directly owns 143,383 shares in the company, valued at approximately $8,602,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruno Pietracci sold 18,551 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock valued at $22,795,742 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

KO stock opened at $61.74 on Friday. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.69. The firm’s 50-day moving average is $60.12 and its 200 day moving average is $58.85. The company has a market capitalization of $266.17 billion, a PE ratio of 24.90, a P/E/G ratio of 3.53 and a beta of 0.59. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The business had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the prior year, the firm earned $0.45 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.485 per share. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a yield of 3.14%. The ex-dividend date was Thursday, March 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 78.23%.

Analyst Ratings Changes

Several brokerages have recently weighed in on KO. Citigroup increased their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Barclays upped their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. dropped their target price on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $67.22.

Coca-Cola 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.