CocaCola Company (The) (NYSE:KO) Stock Holdings Lowered by Davidson Trust Co.

Davidson Trust Co. trimmed its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 15.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,983 shares of the company's stock after selling 3,663 shares during the period. Davidson Trust Co.'s holdings in CocaCola were worth $1,431,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MorganRosel Wealth Management LLC acquired a new position in CocaCola in the 1st quarter valued at about $25,000. Crowley Wealth Management Inc. purchased a new position in shares of CocaCola during the fourth quarter valued at approximately $27,000. Garde Capital Inc. purchased a new stake in CocaCola in the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. grew its stake in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares during the period. Finally, REAP Financial Group LLC lifted its stake in shares of CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insiders Place Their Bets

In other CocaCola news, CFO John Murphy sold 88,658 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the transaction, the chief financial officer owned 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Beatriz R. Perez sold 60,326 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the transaction, the executive vice president owned 187,716 shares of the company's stock, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock valued at $29,923,985 over the last quarter. Insiders own 0.90% of the company's stock.

CocaCola Stock Down 0.5%

Shares of CocaCola stock traded down $0.37 on Monday, hitting $70.98. 16,981,132 shares of the company's stock traded hands, compared to its average volume of 16,181,575. The stock has a market cap of $305.52 billion, a P/E ratio of 28.39, a PEG ratio of 3.74 and a beta of 0.45. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. The firm's 50-day moving average is $71.08 and its 200 day moving average is $68.64. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period in the previous year, the company earned $0.72 earnings per share. CocaCola's quarterly revenue was down .7% on a year-over-year basis. Equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Friday, June 13th. CocaCola's dividend payout ratio is presently 81.60%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Morgan Stanley reissued an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. UBS Group lifted their price target on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, Barclays restated an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $76.27.

About CocaCola

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.