Cambridge Trust Co. Sells 17,279 Shares of The Coca-Cola Company (NYSE:KO)

Cambridge Trust Co. cut its stake in shares of The Coca-Cola Company (NYSE:KO) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,702 shares of the company’s stock after selling 17,279 shares during the period. Cambridge Trust Co.’s holdings in Coca-Cola were worth $17,308,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KO. Castleview Partners LLC lifted its stake in shares of Coca-Cola by 4.4% in the 1st quarter. Castleview Partners LLC now owns 3,973 shares of the company’s stock valued at $246,000 after purchasing an additional 167 shares during the period. Enterprise Bank & Trust Co raised its holdings in Coca-Cola by 3.4% in the fourth quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock worth $296,000 after purchasing an additional 167 shares in the last quarter. Elk River Wealth Management LLC lifted its position in Coca-Cola by 1.6% during the fourth quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock valued at $639,000 after buying an additional 170 shares during the period. KRS Capital Management LLC boosted its holdings in shares of Coca-Cola by 3.8% during the 4th quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock valued at $274,000 after buying an additional 170 shares in the last quarter. Finally, Somerville Kurt F grew its position in shares of Coca-Cola by 0.8% in the 1st quarter. Somerville Kurt F now owns 21,377 shares of the company’s stock worth $1,325,000 after buying an additional 172 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 143,383 shares in the company, valued at approximately $8,602,980. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was 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 directly owns 143,383 shares in the company, valued at approximately $8,602,980. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the sale, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KO. Barclays lifted their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Finally, Citigroup boosted their price target on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $67.18.

Coca-Cola Stock Up 0.4 %

Shares of KO stock traded up $0.22 during mid-day trading on Thursday, hitting $58.73. The company’s stock had a trading volume of 5,843,522 shares, compared to its average volume of 13,709,559. The stock has a market cap of $253.20 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 3.29 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. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.99. The business has a 50-day moving average price of $59.94 and a 200 day moving average price of $58.52.

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

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a dividend of $0.485 per share. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.30%. Coca-Cola’s dividend payout ratio is 78.23%.

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.