Oxler Private Wealth LLC Decreases Stake in CocaCola Company (The) $KO

Oxler Private Wealth LLC lessened its holdings in CocaCola Company (The) (NYSE:KO) by 70.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,911 shares of the company’s stock after selling 11,569 shares during the quarter. Oxler Private Wealth LLC’s holdings in CocaCola were worth $326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Requisite Capital Management LLC grew its position in shares of CocaCola by 2.8% in the second quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock valued at $377,000 after purchasing an additional 142 shares during the period. Paulson Wealth Management Inc. grew its position in shares of CocaCola by 2.2% in the second quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock valued at $479,000 after purchasing an additional 149 shares in the last quarter. Summitry LLC increased its stake in shares of CocaCola by 1.9% in the 2nd quarter. Summitry LLC now owns 7,865 shares of the company’s stock worth $556,000 after acquiring an additional 149 shares during the last quarter. Ashton Thomas Securities LLC raised its position in shares of CocaCola by 1.2% during the 3rd quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock valued at $835,000 after buying an additional 149 shares during the period. Finally, Cetera Trust Company N.A lifted its stake in shares of CocaCola by 0.5% in the 2nd quarter. Cetera Trust Company N.A now owns 30,371 shares of the company’s stock valued at $2,149,000 after purchasing an additional 150 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Down 0.1%

Shares of NYSE:KO opened at $73.51 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The firm has a market cap of $316.19 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 3.73 and a beta of 0.39. The stock’s 50-day moving average price is $70.75 and its two-hundred day moving average price is $69.41. CocaCola Company has a 12-month low of $62.35 and a 12-month high of $74.38.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Barclays reiterated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. Piper Sandler boosted their target price on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Wells Fargo & Company increased their price target on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $79.08.

Insider Buying and Selling at CocaCola

In related news, EVP Manuel Arroyo sold 139,689 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the completion of the sale, the executive vice president directly owned 58,067 shares of the company’s stock, valued at approximately $4,111,143.60. This trade represents a 70.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at $15,894,396.10. This represents a 12.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 211,704 shares of company stock valued at $15,005,595 over the last 90 days. 0.90% of the stock is owned by corporate insiders.

CocaCola Company Profile

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.