Pinion Investment Advisors LLC Has $256,000 Position in The Coca-Cola Company (NYSE:KO)

Pinion Investment Advisors LLC trimmed its position in The Coca-Cola Company (NYSE:KO) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,107 shares of the company’s stock after selling 240 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Coca-Cola were worth $256,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KO. Hara Capital LLC acquired a new stake in shares of Coca-Cola in the third quarter valued at approximately $35,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola in the 4th quarter valued at $37,000. MilWealth Group LLC acquired a new stake in Coca-Cola during the 4th quarter valued at $40,000. MidAtlantic Capital Management Inc. bought a new position in Coca-Cola during the third quarter worth $43,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Coca-Cola in the fourth quarter valued at $43,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Trading Up 1.5 %

NYSE:KO opened at $72.29 on Tuesday. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The firm’s fifty day moving average is $64.73 and its 200-day moving average is $66.52. The firm has a market cap of $310.92 billion, a P/E ratio of 29.27, a P/E/G ratio of 3.79 and a beta of 0.61. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03.

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

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.82%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola’s dividend payout ratio is presently 82.59%.

Insider Transactions at Coca-Cola

In related news, EVP Lisa Chang sold 13,445 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total transaction of $961,317.50. Following the transaction, the executive vice president now directly owns 94,676 shares of the company’s stock, valued at $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction on Monday, February 24th. The shares were 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 sold a total of 232,646 shares of company stock valued at $16,515,469 in the last quarter. 0.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Barclays boosted their price objective on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. UBS Group increased their target price on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Piper Sandler upped their price objective on Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Friday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a report on Thursday, February 6th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.24.

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.