Tyler Stone Wealth Management Boosts Position in The Coca-Cola Company (NYSE:KO)

Tyler Stone Wealth Management grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,147 shares of the company’s stock after buying an additional 298 shares during the period. Tyler Stone Wealth Management’s holdings in Coca-Cola were worth $320,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KO. Crowley Wealth Management Inc. purchased a new stake in Coca-Cola in the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC purchased a new stake in shares of Coca-Cola in the fourth quarter worth $31,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola during the fourth quarter valued at $37,000. Murphy & Mullick Capital Management Corp purchased a new position in Coca-Cola during the fourth quarter worth about $38,000. Finally, MilWealth Group LLC bought a new position in Coca-Cola in the 4th quarter worth about $40,000. 70.26% of the stock is currently owned by institutional investors.

Insider Activity at Coca-Cola

In other news, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the sale, the chief operating officer now owns 52,466 shares of the company’s stock, valued at approximately $3,749,745.02. The trade was a 32.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $70.56, for a total transaction of $1,344,732.48. The disclosure for this sale can be found here. Insiders have sold a total of 313,423 shares of company stock worth $22,263,071 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KO shares. JPMorgan Chase & Co. dropped their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research note on Thursday, February 6th. Evercore ISI raised their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $74.24.

Coca-Cola Stock Performance

Shares of KO stock opened at $70.02 on Thursday. The company has a market capitalization of $301.32 billion, a P/E ratio of 28.35, a PEG ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The stock has a 50 day moving average price of $67.45 and a two-hundred day moving average price of $66.43.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This is a positive change 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 2.91%. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola’s dividend payout ratio is currently 82.59%.

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.