Tufton Capital Management Has $4.05 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Tufton Capital Management trimmed its position in The Coca-Cola Company (NYSE:KO) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 68,790 shares of the company’s stock after selling 3,243 shares during the period. Tufton Capital Management’s holdings in Coca-Cola were worth $4,054,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Insigneo Advisory Services LLC grew its holdings in Coca-Cola by 12.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 41,683 shares of the company’s stock worth $2,354,000 after acquiring an additional 4,527 shares during the period. HF Advisory Group LLC grew its stake in shares of Coca-Cola by 7.6% in the 3rd quarter. HF Advisory Group LLC now owns 6,770 shares of the company’s stock valued at $379,000 after buying an additional 476 shares during the period. Wahed Invest LLC grew its stake in shares of Coca-Cola by 10.3% in the 3rd quarter. Wahed Invest LLC now owns 61,355 shares of the company’s stock valued at $3,435,000 after buying an additional 5,707 shares during the period. Cohen Lawrence B grew its stake in shares of Coca-Cola by 2.8% in the 3rd quarter. Cohen Lawrence B now owns 40,872 shares of the company’s stock valued at $2,288,000 after buying an additional 1,111 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Coca-Cola by 3.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 46,470 shares of the company’s stock valued at $2,738,000 after buying an additional 1,455 shares during the period. 70.26% of the stock is owned by institutional investors.

Coca-Cola Trading Up 0.5 %

Coca-Cola stock traded up $0.27 during mid-day trading on Thursday, hitting $58.78. The company’s stock had a trading volume of 3,266,285 shares, compared to its average volume of 13,670,610. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The business has a 50 day moving average price of $59.94 and a 200-day moving average price of $58.52. The stock has a market cap of $253.41 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 3.29 and a beta of 0.59. 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 issued 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. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The business had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same period last year, the business posted $0.45 earnings per share. Coca-Cola’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, analysts forecast that The Coca-Cola Company will post 2.81 EPS for the current 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 given a dividend of $0.485 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.30%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is 78.23%.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value 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 approximately $8,602,980. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $8,602,980. The disclosure for this sale can be found here. Insiders sold 375,407 shares of company stock valued at $22,795,742 over the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

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

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.