Fundamentun LLC Sells 1,401 Shares of The Coca-Cola Company (NYSE:KO)

Fundamentun LLC lowered its position in The Coca-Cola Company (NYSE:KO – Get Rating) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,417 shares of the company’s stock after selling 1,401 shares during the period. Fundamentun LLC’s holdings in Coca-Cola were worth $1,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Paragon Wealth Strategies LLC bought a new position in shares of Coca-Cola in the third quarter valued at approximately $25,000. My Personal CFO LLC bought a new position in shares of Coca-Cola in the fourth quarter valued at approximately $25,000. Exos TFP Holdings LLC bought a new position in shares of Coca-Cola in the third quarter valued at approximately $27,000. Worth Asset Management LLC lifted its holdings in shares of Coca-Cola by 956.1% in the fourth quarter. Worth Asset Management LLC now owns 433 shares of the company’s stock valued at $28,000 after purchasing an additional 392 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Coca-Cola in the third quarter valued at approximately $31,000. Institutional investors own 68.74% of the company’s stock.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Brian John Smith sold 126,972 shares of Coca-Cola stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $62.07, for a total transaction of $7,881,152.04. Following the completion of the sale, the insider now owns 116,168 shares of the company’s stock, valued at $7,210,547.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Coca-Cola news, insider Brian John Smith sold 126,972 shares of Coca-Cola stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $62.07, for a total transaction of $7,881,152.04. Following the completion of the sale, the insider now owns 116,168 shares of the company’s stock, valued at $7,210,547.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James Quincey sold 34,875 shares of the business’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $60.32, for a total value of $2,103,660.00. Following the completion of the sale, the chief executive officer now directly owns 351,737 shares of the company’s stock, valued at approximately $21,216,775.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 282,268 shares of company stock valued at $17,137,823. Company insiders own 0.98% of the company’s stock.

Coca-Cola Stock Performance

Shares of NYSE KO traded down $0.28 during mid-day trading on Friday, hitting $60.02. The company had a trading volume of 27,351,227 shares, compared to its average volume of 14,212,403. The company has a market capitalization of $259.66 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 3.47 and a beta of 0.53. The Coca-Cola Company has a 1 year low of $54.01 and a 1 year high of $67.20. The company has a current ratio of 1.15, a quick ratio of 0.93 and a debt-to-equity ratio of 1.41. The stock’s 50-day moving average price is $60.27 and its 200-day moving average price is $60.41.

Coca-Cola (NYSE:KO – Get Rating) last posted its quarterly earnings data on Tuesday, February 14th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $10.10 billion during the quarter, compared to analyst estimates of $9.92 billion. Coca-Cola had a return on equity of 42.35% and a net margin of 22.19%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. On average, sell-side analysts forecast that The Coca-Cola Company will post 2.6 earnings per share for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 17th will be paid a dividend of $0.46 per share. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $1.84 annualized dividend and a yield of 3.07%. Coca-Cola’s dividend payout ratio (DPR) is currently 83.64%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KO. The Goldman Sachs Group raised their target price on Coca-Cola from $61.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, February 13th. Royal Bank of Canada set a $69.00 price target on Coca-Cola in a research report on Tuesday, February 14th. Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola from $62.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, February 15th. Citigroup initiated coverage on Coca-Cola in a research report on Thursday, February 16th. They set a “buy” rating and a $68.00 price target for the company. Finally, JPMorgan Chase & Co. set a $67.00 price target on Coca-Cola in a research report on Tuesday, February 14th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus price target of $67.70.

Coca-Cola Profile

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The Coca-Cola Co engages in the manufacturing and marketing of non-alcoholic beverages. It operates through the following segments: Europe, Middle East and Africa, Latin America, North America, Asia Pacific, Global Ventures, and Bottling Investments. The company was founded by Asa Griggs Candler on May 8, 1886 and is headquartered in Atlanta, GA.