Pin Oak Investment Advisors Inc. Has $217,000 Stake in CocaCola Company (The) $KO

Pin Oak Investment Advisors Inc. lowered its holdings in shares of CocaCola Company (The) (NYSE:KO) by 31.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,032 shares of the company’s stock after selling 1,366 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in CocaCola were worth $217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Diversified Portfolios Inc. acquired a new stake in shares of CocaCola during the 2nd quarter valued at about $318,000. Semus Wealth Partners LLC lifted its stake in CocaCola by 2.3% during the second quarter. Semus Wealth Partners LLC now owns 7,139 shares of the company’s stock worth $505,000 after purchasing an additional 160 shares during the period. Portside Wealth Group LLC boosted its holdings in CocaCola by 1.7% during the second quarter. Portside Wealth Group LLC now owns 43,528 shares of the company’s stock valued at $3,080,000 after purchasing an additional 716 shares in the last quarter. United Advisor Group LLC grew its stake in shares of CocaCola by 5.3% in the 2nd quarter. United Advisor Group LLC now owns 11,355 shares of the company’s stock valued at $805,000 after purchasing an additional 576 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of CocaCola by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after buying an additional 6,241,163 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at CocaCola

In related news, COO Henrique Braun sold 40,390 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total value of $2,864,862.70. Following the completion of the sale, the chief operating officer owned 62,621 shares in the company, valued at approximately $4,441,707.53. This represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Max R. Levchin purchased 7,206 shares of the stock in a transaction dated Friday, October 24th. The stock was bought at an average cost of $69.87 per share, with a total value of $503,483.22. Following the completion of the purchase, the director owned 14,267 shares in the company, valued at $996,835.29. The trade was a 102.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 193,627 shares of company stock worth $13,702,256 over the last quarter. Company insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on KO shares. Piper Sandler upped their price target on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. UBS Group reduced their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. Bank of America lifted their price target on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $78.43.

CocaCola Stock Down 0.6%

Shares of NYSE KO opened at $70.70 on Tuesday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The firm’s 50-day simple moving average is $68.07 and its 200 day simple moving average is $69.46. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. The company has a market cap of $304.12 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The firm had revenue of $11.40 billion during the quarter. On average, research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.51 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.04 annualized dividend and a yield of 2.9%. CocaCola’s dividend payout ratio (DPR) is currently 67.55%.

About CocaCola

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.