Oxler Private Wealth LLC Boosts Stock Position in The Coca-Cola Company (NYSE:KO)

Oxler Private Wealth LLC lifted its position in The Coca-Cola Company (NYSE:KO - Free Report) by 222.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,249 shares of the company's stock after purchasing an additional 12,583 shares during the quarter. Oxler Private Wealth LLC's holdings in Coca-Cola were worth $1,116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ZRC Wealth Management LLC lifted its stake in shares of Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company's stock valued at $26,000 after acquiring an additional 320 shares during the last quarter. Tidemark LLC bought a new position in Coca-Cola during the 4th quarter valued at approximately $26,000. Private Wealth Management Group LLC bought a new position in Coca-Cola during the 4th quarter valued at approximately $27,000. Redmont Wealth Advisors LLC bought a new position in Coca-Cola during the 1st quarter valued at approximately $28,000. Finally, Criterion Capital Advisors LLC bought a new position in Coca-Cola during the 4th quarter valued at approximately $30,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KO has been the topic of a number of research analyst reports. Evercore ISI upped their target price on Coca-Cola from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. Barclays upped their target price on Coca-Cola from $68.00 to $69.00 and gave the stock an "overweight" rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. upped their target price on Coca-Cola from $65.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. Finally, UBS Group upped their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $68.27.

Insider Buying and Selling

In other Coca-Cola news, EVP Henrique Braun sold 57,298 shares of the firm's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $63.08, for a total value of $3,614,357.84. Following the completion of the sale, the executive vice president now owns 52,466 shares of the company's stock, valued at $3,309,555.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Coca-Cola news, EVP Henrique Braun sold 57,298 shares of the firm's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $63.08, for a total value of $3,614,357.84. Following the completion of the sale, the executive vice president now owns 52,466 shares of the company's stock, valued at $3,309,555.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bruno Pietracci sold 18,551 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 446,577 shares of company stock worth $27,385,816. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Price Performance

NYSE:KO traded up $0.36 on Tuesday, reaching $62.93. 9,793,903 shares of the company's stock traded hands, compared to its average volume of 13,533,753. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The stock has a 50-day simple moving average of $60.96 and a 200-day simple moving average of $59.80. The firm has a market cap of $271.10 billion, a PE ratio of 25.17, a P/E/G ratio of 3.58 and a beta of 0.57. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $63.76.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 42.74% and a net margin of 23.41%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. Equities research analysts forecast that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a 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.

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