Colonial Trust Advisors Has $11.58 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Colonial Trust Advisors decreased its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,982 shares of the company's stock after selling 4,155 shares during the quarter. Colonial Trust Advisors' holdings in Coca-Cola were worth $11,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Peachtree Investment Partners LLC raised its position in shares of Coca-Cola by 1.4% in the 4th quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock valued at $697,000 after purchasing an additional 157 shares in the last quarter. Fort Sheridan Advisors LLC boosted its stake in Coca-Cola by 3.3% during the 4th quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock valued at $311,000 after acquiring an additional 161 shares during the last quarter. Excalibur Management Corp grew its holdings in Coca-Cola by 0.6% during the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock worth $1,831,000 after acquiring an additional 161 shares in the last quarter. Wells Trecaso Financial Group LLC grew its holdings in Coca-Cola by 4.8% during the 4th quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company's stock worth $225,000 after acquiring an additional 164 shares in the last quarter. Finally, Atlas Brown Inc. increased its position in shares of Coca-Cola by 0.8% in the 4th quarter. Atlas Brown Inc. now owns 21,024 shares of the company's stock worth $1,309,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KO. Piper Sandler lifted their price target on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Barclays reiterated an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and raised their price objective for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Wells Fargo & Company lifted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, TD Cowen raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola presently has an average rating of "Moderate Buy" and a consensus price target of $74.24.

Coca-Cola Stock Performance

KO stock traded up $0.69 during trading on Monday, reaching $72.12. 5,399,804 shares of the company's stock were exchanged, compared to its average volume of 15,305,283. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.95. The firm has a market cap of $310.37 billion, a PE ratio of 29.20, a P/E/G ratio of 3.79 and a beta of 0.45. The company's fifty day moving average price is $69.60 and its 200-day moving average price is $66.32. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. On average, research analysts expect that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio (DPR) is currently 82.59%.

Insider Buying and Selling

In other Coca-Cola news, insider Nikolaos Koumettis sold 54,708 shares of Coca-Cola stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total value of $3,882,079.68. Following the completion of the sale, the insider now directly owns 246,909 shares in the company, valued at $17,520,662.64. The trade was a 18.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. Insiders have sold a total of 313,423 shares of company stock valued at $22,263,071 over the last quarter. Corporate insiders own 0.97% of the company's stock.

About Coca-Cola

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.