Oxler Private Wealth LLC Has $334,000 Stake in The Coca-Cola Company (NYSE:KO)

Oxler Private Wealth LLC decreased its position in The Coca-Cola Company (NYSE:KO) by 64.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,666 shares of the company’s stock after selling 10,428 shares during the period. Oxler Private Wealth LLC’s holdings in Coca-Cola were worth $334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of KO. Patrick M Sweeney & Associates Inc. bought a new position in shares of Coca-Cola during the 4th quarter worth approximately $410,000. Beacon Pointe Advisors LLC boosted its holdings in shares of Coca-Cola by 24.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 450,523 shares of the company’s stock worth $26,549,000 after buying an additional 89,139 shares during the period. Insigneo Advisory Services LLC grew its stake in Coca-Cola by 12.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 41,683 shares of the company’s stock valued at $2,354,000 after buying an additional 4,527 shares during the last quarter. Birchcreek Wealth Management LLC lifted its position in Coca-Cola by 12.6% during the fourth quarter. Birchcreek Wealth Management LLC now owns 4,539 shares of the company’s stock worth $267,000 after acquiring an additional 507 shares during the last quarter. Finally, Wahed Invest LLC boosted its holdings in shares of Coca-Cola by 10.3% during the third quarter. Wahed Invest LLC now owns 61,355 shares of the company’s stock worth $3,435,000 after acquiring an additional 5,707 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KO. UBS Group boosted their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Evercore ISI lifted their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Argus raised their price objective on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays lifted their price objective on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.58.

Insider Activity at Coca-Cola

In other news, EVP Henrique Braun sold 57,298 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $63.08, for a total transaction of $3,614,357.84. Following the completion of the sale, the executive vice president now directly owns 52,466 shares of the company’s stock, valued at approximately $3,309,555.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $26,968,753.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Henrique Braun sold 57,298 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $63.08, for a total value of $3,614,357.84. Following the sale, the executive vice president now directly owns 52,466 shares in the company, valued at approximately $3,309,555.28. The disclosure for this sale can be found here. Insiders have sold 446,577 shares of company stock valued at $27,385,816 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.1 %

KO stock traded up $0.09 during trading on Wednesday, reaching $63.00. 7,406,335 shares of the stock were exchanged, compared to its average volume of 13,471,894. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $63.76. The firm’s 50 day moving average is $60.96 and its 200 day moving average is $59.80. The firm has a market cap of $271.40 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 3.55 and a beta of 0.57.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. As a group, research analysts forecast that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.08%. Coca-Cola’s dividend payout ratio is currently 77.60%.

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.