Davidson Trust Co. Grows Stock Holdings in The Coca-Cola Company (NYSE:KO)

Davidson Trust Co. grew its holdings in The Coca-Cola Company (NYSE:KO) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,583 shares of the company’s stock after purchasing an additional 450 shares during the quarter. Coca-Cola makes up 0.9% of Davidson Trust Co.’s portfolio, making the stock its 29th biggest position. Davidson Trust Co.’s holdings in Coca-Cola were worth $1,390,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KO. Freedom Wealth Alliance LLC bought a new stake in shares of Coca-Cola in the 4th quarter valued at about $25,000. ZRC Wealth Management LLC raised its stake in shares of Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in shares of Coca-Cola during the 4th quarter worth approximately $30,000. KB Financial Partners LLC bought a new position in shares of Coca-Cola during the 1st quarter worth approximately $31,000. Finally, Retirement Group LLC raised its stake in shares of Coca-Cola by 51.5% during the 4th quarter. Retirement Group LLC now owns 550 shares of the company’s stock worth $35,000 after acquiring an additional 187 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday. Barclays boosted their price objective on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, Citigroup upped their price target 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. Two investment 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.09.

Coca-Cola Stock Performance

Shares of KO stock traded up $0.66 during trading hours on Friday, hitting $59.57. The company’s stock had a trading volume of 5,005,883 shares, compared to its average volume of 13,661,046. The company has a 50 day moving average of $59.92 and a 200 day moving average of $58.53. The stock has a market cap of $256.82 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.99.

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

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a yield of 3.26%. Coca-Cola’s dividend payout ratio is 78.23%.

Insider Buying and Selling

In related news, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the sale, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at $8,602,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction dated Tuesday, January 30th. The shares were 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 owns 143,383 shares of the company’s stock, valued at $8,602,980. The disclosure for this sale can be found here. Over the last three months, insiders have sold 375,407 shares of company stock valued at $22,795,742. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola 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.