Keystone Wealth Services LLC Has $513,000 Stock Position in CocaCola Company (The) $KO

Keystone Wealth Services LLC boosted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 139.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,253 shares of the company's stock after buying an additional 4,226 shares during the period. Keystone Wealth Services LLC's holdings in CocaCola were worth $513,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KO. MorganRosel Wealth Management LLC acquired a new position in shares of CocaCola during the 1st quarter worth approximately $25,000. 1248 Management LLC acquired a new position in shares of CocaCola during the 1st quarter worth approximately $26,000. Garde Capital Inc. acquired a new position in shares of CocaCola during the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. grew its position in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 360 shares in the last quarter. Finally, Ridgewood Investments LLC grew its position in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Trading Up 0.1%

KO opened at $66.27 on Wednesday. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The company has a fifty day moving average of $69.12 and a 200-day moving average of $70.30. The stock has a market cap of $285.20 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. During the same period in the prior year, the company posted $0.84 earnings per share. CocaCola's revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. UBS Group cut their price target on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. According to MarketBeat.com, CocaCola has an average rating of "Buy" and an average target price of $76.93.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.90% of the company's stock.

CocaCola 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.

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