1900 Wealth Management LLC Sells 1,445 Shares of The Coca-Cola Company (NYSE:KO)

1900 Wealth Management LLC lessened its holdings in The Coca-Cola Company (NYSE:KO) by 16.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,567 shares of the company’s stock after selling 1,445 shares during the quarter. 1900 Wealth Management LLC’s holdings in Coca-Cola were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Enterprise Bank & Trust Co grew its holdings in Coca-Cola by 3.4% during the 4th quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock valued at $296,000 after buying an additional 167 shares in the last quarter. Elk River Wealth Management LLC boosted its position in shares of Coca-Cola by 1.6% during the 4th quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock valued at $639,000 after acquiring an additional 170 shares during the last quarter. KRS Capital Management LLC boosted its position 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 acquiring an additional 170 shares during the last quarter. Wayfinding Financial LLC boosted its position in shares of Coca-Cola by 1.8% during the 4th quarter. Wayfinding Financial LLC now owns 9,734 shares of the company’s stock valued at $573,000 after acquiring an additional 175 shares during the last quarter. Finally, John G Ullman & Associates Inc. boosted its position in shares of Coca-Cola by 2.2% during the 4th quarter. John G Ullman & Associates Inc. now owns 8,081 shares of the company’s stock valued at $476,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Down 0.5 %

Shares of KO stock traded down $0.30 during trading hours on Tuesday, reaching $60.25. 3,955,798 shares of the stock were exchanged, compared to its average volume of 13,768,312. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $259.75 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.44 and a beta of 0.59. The company’s 50-day moving average price is $59.95 and its 200-day moving average price is $58.67. 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 posted 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 firm had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. Coca-Cola’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.81 earnings per share for the current year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.22%. The ex-dividend date was Thursday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s payout ratio is currently 78.23%.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of recent research reports. Barclays boosted their target price on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Citigroup upped their price target on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. lowered their price target on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.09.

Insiders Place Their Bets

In other news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO James Quincey sold 247,188 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at $26,968,753.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Nancy Quan sold 57,368 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 375,407 shares of company stock valued at $22,795,742. 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.