The Coca-Cola Company (NYSE:KO) Position Lessened by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC reduced its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,328 shares of the company’s stock after selling 2,368 shares during the quarter. Coca-Cola comprises approximately 4.1% of Bradley & Co. Private Wealth Management LLC’s holdings, making the stock its 12th largest position. Bradley & Co. Private Wealth Management LLC’s holdings in Coca-Cola were worth $4,439,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ZRC Wealth Management LLC boosted its position in shares of Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the period. Criterion Capital Advisors LLC acquired a new position in Coca-Cola during the 4th quarter worth $30,000. Financial Connections Group Inc. bought a new position in shares of Coca-Cola in the fourth quarter worth $38,000. Avion Wealth increased its holdings in shares of Coca-Cola by 64.8% during the fourth quarter. Avion Wealth now owns 819 shares of the company’s stock valued at $48,000 after purchasing an additional 322 shares during the period. Finally, Fortitude Family Office LLC bought a new stake in shares of Coca-Cola during the fourth quarter valued at about $53,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Bruno Pietracci sold 18,551 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Bruno Pietracci sold 18,551 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nancy Quan sold 57,368 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 375,407 shares of company stock worth $22,795,742. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.3 %

Shares of NYSE KO traded up $0.20 during mid-day trading on Thursday, reaching $61.75. The company had a trading volume of 19,043,521 shares, compared to its average volume of 14,033,869. The stock has a fifty day moving average of $60.07 and a two-hundred day moving average of $58.76. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.69. The company has a market capitalization of $266.22 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 3.46 and a beta of 0.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same period last year, the company earned $0.45 earnings per share. Coca-Cola’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Thursday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s payout ratio is presently 78.23%.

Analysts Set New Price Targets

KO has been the topic of several recent analyst reports. Citigroup boosted their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Barclays boosted their price objective on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. decreased their target price on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.09.

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.