Oxler Private Wealth LLC Sells 1,495 Shares of CocaCola Company (The) $KO

Oxler Private Wealth LLC lessened its position in CocaCola Company (The) (NYSE:KO) by 8.3% in the second quarter, HoldingsChannel.com reports. The fund owned 16,480 shares of the company’s stock after selling 1,495 shares during the period. Oxler Private Wealth LLC’s holdings in CocaCola were worth $1,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC raised its position in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of CocaCola by 69.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 55,226 shares of the company’s stock worth $3,955,000 after buying an additional 22,585 shares during the last quarter. Davis R M Inc. boosted its holdings in shares of CocaCola by 1.7% during the 1st quarter. Davis R M Inc. now owns 18,866 shares of the company’s stock worth $1,351,000 after buying an additional 319 shares during the period. Finally, Hoxton Planning & Management LLC bought a new stake in shares of CocaCola during the 1st quarter worth about $339,000. 70.26% of the stock is owned by institutional investors.

CocaCola Stock Performance

NYSE:KO opened at $73.02 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a 50 day simple moving average of $68.90 and a two-hundred day simple moving average of $69.53. The company has a market capitalization of $314.11 billion, a PE ratio of 24.18, a P/E/G ratio of 3.57 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The company had revenue of $11.40 billion for the quarter. Research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 2.8%. CocaCola’s dividend payout ratio (DPR) is 67.55%.

Insider Buying and Selling

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $71.17, for a total value of $2,250,751.25. Following the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $15,894,396.10. The trade was a 12.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Henrique Braun sold 40,390 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total value of $2,864,862.70. Following the transaction, the chief operating officer owned 62,621 shares in the company, valued at $4,441,707.53. The trade was a 39.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 225,252 shares of company stock worth $15,953,007 over the last three months. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

KO has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. Wells Fargo & Company boosted their target price on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Barclays reiterated an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. Finally, UBS Group reduced their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $78.43.

CocaCola 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.