Keystone Wealth Services LLC Sells 414 Shares of The Coca-Cola Company (NYSE:KO)

Keystone Wealth Services LLC lessened its holdings in shares of The Coca-Cola Company (NYSE:KO) by 10.5% during the 4th quarter, Holdings Channel reports. The firm owned 3,540 shares of the company’s stock after selling 414 shares during the period. Keystone Wealth Services LLC’s holdings in Coca-Cola were worth $220,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in KO. Hara Capital LLC bought a new stake in shares of Coca-Cola during the third quarter valued at approximately $35,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola during the fourth quarter worth $37,000. MilWealth Group LLC purchased a new position in Coca-Cola during the fourth quarter valued at $40,000. MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola in the 3rd quarter valued at $43,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Coca-Cola during the 4th quarter valued at about $43,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Trading Up 1.5 %

KO opened at $72.29 on Tuesday. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The stock has a market cap of $310.92 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 3.79 and a beta of 0.61. The stock’s 50 day moving average price is $64.73 and its 200-day moving average price is $66.52.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. On average, equities analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.51 per share. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.82%. Coca-Cola’s dividend payout ratio (DPR) is presently 82.59%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 145,435 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $24,324,191.46. This represents a 29.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were 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 sold a total of 232,646 shares of company stock valued at $16,515,469 in the last three months. Company insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KO shares. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. UBS Group upped their price objective on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, February 13th. Finally, Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.24.

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.