Windle Wealth LLC Buys 7,346 Shares of The Coca-Cola Company (NYSE:KO)

Windle Wealth LLC increased its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,138 shares of the company's stock after purchasing an additional 7,346 shares during the quarter. Coca-Cola makes up approximately 3.9% of Windle Wealth LLC's portfolio, making the stock its 13th biggest holding. Windle Wealth LLC's holdings in Coca-Cola were worth $7,044,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC raised its holdings in shares of Coca-Cola by 13.7% in the 3rd quarter. FMR LLC now owns 92,961,376 shares of the company's stock worth $6,680,205,000 after purchasing an additional 11,206,995 shares during the period. Geode Capital Management LLC raised its holdings in shares of Coca-Cola by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock worth $6,664,005,000 after purchasing an additional 2,966,964 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Coca-Cola by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock valued at $4,617,400,000 after acquiring an additional 11,569,920 shares during the period. Wellington Management Group LLP raised its holdings in Coca-Cola by 14.5% during the 3rd quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock valued at $2,271,885,000 after acquiring an additional 4,013,996 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Coca-Cola by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 27,984,953 shares of the company's stock valued at $1,990,407,000 after acquiring an additional 1,609,565 shares during the period. Institutional investors own 70.26% of the company's stock.

Coca-Cola Stock Down 0.6 %

Shares of NYSE:KO opened at $71.00 on Wednesday. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The firm has a fifty day moving average of $65.72 and a 200 day moving average of $66.58. The firm has a market capitalization of $305.37 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03.

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Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, March 14th. Coca-Cola's dividend payout ratio (DPR) is 82.59%.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of analyst reports. Barclays boosted their target price on shares of Coca-Cola from $66.00 to $73.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Jefferies Financial Group raised shares of Coca-Cola from a "hold" rating to a "buy" rating and boosted their target price for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Piper Sandler boosted their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. TD Cowen raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a "hold" rating to a "buy" rating and boosted their target price for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Coca-Cola presently has an average rating of "Moderate Buy" and an average target price of $74.24.

Insider Activity

In related news, CEO James Quincey sold 145,435 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was 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 directly owns 342,546 shares of the company's stock, valued at $24,324,191.46. This trade represents a 29.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nikolaos Koumettis sold 54,708 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total value of $3,882,079.68. Following the completion of the sale, the insider now directly owns 246,909 shares in the company, valued at $17,520,662.64. The trade was a 18.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 288,146 shares of company stock valued at $20,456,524. 0.97% of the stock is currently owned by insiders.

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.

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