Crowley Wealth Management Inc. Invests $27,000 in The Coca-Cola Company (NYSE:KO)

Crowley Wealth Management Inc. purchased a new position in The Coca-Cola Company (NYSE:KO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 434 shares of the company’s stock, valued at approximately $27,000.

Several other large investors have also recently made changes to their positions in KO. Howard Capital Management Group LLC raised its position in shares of Coca-Cola by 0.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after acquiring an additional 2,069 shares in the last quarter. GenTrust LLC bought a new position in shares of Coca-Cola in the 3rd quarter worth $261,000. Great Valley Advisor Group Inc. raised its position in shares of Coca-Cola by 4.1% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 49,972 shares of the company’s stock worth $3,591,000 after acquiring an additional 1,960 shares in the last quarter. Cerity Partners LLC raised its position in shares of Coca-Cola by 16.3% in the 3rd quarter. Cerity Partners LLC now owns 932,102 shares of the company’s stock worth $66,996,000 after acquiring an additional 130,626 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its position in Coca-Cola by 6.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 73,185 shares of the company’s stock valued at $5,259,000 after buying an additional 4,198 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KO has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. UBS Group increased their price target on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, January 8th. Evercore ISI increased their price target on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Piper Sandler increased their price target on Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $74.24.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Lisa Chang sold 13,445 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total value of $961,317.50. Following the sale, the executive vice president now directly owns 94,676 shares of the company’s stock, valued at approximately $6,769,334. This trade represents a 12.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 313,423 shares of company stock valued at $22,263,071. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Down 1.6 %

Coca-Cola stock opened at $68.58 on Monday. The firm has a market cap of $295.12 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The business’s 50-day moving average price is $67.00 and its 200 day moving average price is $66.43. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

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

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 82.59%.

Coca-Cola 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.