CocaCola Company (The) (NYSE:KO) is Windle Wealth LLC's 9th Largest Position

Windle Wealth LLC raised its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,758 shares of the company's stock after purchasing an additional 3,620 shares during the period. CocaCola accounts for about 4.3% of Windle Wealth LLC's holdings, making the stock its 9th biggest position. Windle Wealth LLC's holdings in CocaCola were worth $8,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of KO. Norges Bank acquired a new position in CocaCola in the fourth quarter valued at $3,402,151,000. Northern Trust Corp grew its holdings in shares of CocaCola by 9.5% during the fourth quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock worth $2,727,131,000 after buying an additional 3,811,756 shares during the last quarter. Franklin Resources Inc. increased its position in CocaCola by 21.9% in the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after acquiring an additional 6,118,819 shares during the period. Capital International Investors raised its stake in CocaCola by 96.0% during the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after acquiring an additional 12,222,885 shares during the last quarter. Finally, Invesco Ltd. lifted its position in CocaCola by 18.2% during the 4th quarter. Invesco Ltd. now owns 24,566,933 shares of the company's stock worth $1,529,537,000 after acquiring an additional 3,791,300 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KO. JPMorgan Chase & Co. upped their price target on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. BNP Paribas restated an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Barclays reissued an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Finally, Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a report on Monday. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, CocaCola presently has a consensus rating of "Buy" and an average price target of $77.13.

Insider Buying and Selling

In related news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president directly owned 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the transaction, the chief financial officer directly owned 205,511 shares of the company's stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 415,387 shares of company stock valued at $29,923,985. Company insiders own 0.90% of the company's stock.

CocaCola Price Performance

NYSE:KO traded up $0.35 during trading hours on Monday, reaching $70.20. 17,773,647 shares of the company traded hands, compared to its average volume of 16,426,581. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The firm's 50-day moving average is $70.71 and its 200-day moving average is $69.17. The stock has a market cap of $302.14 billion, a P/E ratio of 24.17, a P/E/G ratio of 3.66 and a beta of 0.45. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 2.91%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's payout ratio is currently 81.60%.

About CocaCola

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.