Windle Wealth LLC Raises Position in The Coca-Cola Company (NYSE:KO)

Windle Wealth LLC boosted its stake in The Coca-Cola Company (NYSE:KO) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 113,138 shares of the company’s stock after buying an additional 7,346 shares during the quarter. Coca-Cola comprises 3.9% of Windle Wealth LLC’s holdings, making the stock its 13th largest holding. Windle Wealth LLC’s holdings in Coca-Cola were worth $7,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC lifted its holdings in shares of Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock valued at $28,716,000 after purchasing an additional 2,069 shares during the last quarter. United Bank raised its holdings in Coca-Cola by 65.4% in the 3rd quarter. United Bank now owns 80,888 shares of the company’s stock worth $5,813,000 after acquiring an additional 31,979 shares during the last quarter. Assetmark Inc. raised its holdings in Coca-Cola by 7.0% in the 3rd quarter. Assetmark Inc. now owns 109,065 shares of the company’s stock worth $7,837,000 after acquiring an additional 7,099 shares during the last quarter. Baker Avenue Asset Management LP raised its holdings in Coca-Cola by 150.4% in the 3rd quarter. Baker Avenue Asset Management LP now owns 9,534 shares of the company’s stock worth $685,000 after acquiring an additional 5,727 shares during the last quarter. Finally, Tyler Stone Wealth Management raised its holdings in Coca-Cola by 113.1% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,849 shares of the company’s stock worth $348,000 after acquiring an additional 2,574 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KO shares. Evercore ISI boosted their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, January 8th. Piper Sandler boosted their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Morgan Stanley lifted their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $74.24.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 145,435 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.01, for a total value of $10,327,339.35. Following the sale, the chief executive officer now owns 342,546 shares in the company, valued at $24,324,191.46. The trade was a 29.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lisa Chang sold 13,445 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total transaction of $961,317.50. Following the completion of the sale, the executive vice president now owns 94,676 shares in the company, valued at approximately $6,769,334. The trade was a 12.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 288,146 shares of company stock worth $20,456,524. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Trading Down 0.6 %

Shares of KO stock opened at $71.00 on Wednesday. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The firm has a fifty day moving average price of $65.72 and a 200-day moving average price of $66.58. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The company has a market cap of $305.37 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 3.79 and a beta of 0.57.

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

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.51 per share. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. Coca-Cola’s payout ratio is 82.59%.

Coca-Cola Company 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.