Pavion Blue Capital LLC Has $3.32 Million Holdings in The Coca-Cola Company (NYSE:KO)

Pavion Blue Capital LLC lifted its holdings in The Coca-Cola Company (NYSE:KO) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,376 shares of the company’s stock after acquiring an additional 702 shares during the period. Coca-Cola makes up approximately 1.6% of Pavion Blue Capital LLC’s investment portfolio, making the stock its 18th largest position. Pavion Blue Capital LLC’s holdings in Coca-Cola were worth $3,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KO. Hara Capital LLC acquired a new position in shares of Coca-Cola in the third quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Coca-Cola during the third quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Coca-Cola during the fourth quarter worth about $37,000. MilWealth Group LLC acquired a new stake in Coca-Cola during the fourth quarter worth about $40,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Coca-Cola during the third quarter worth about $43,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Up 1.9 %

Shares of NYSE KO opened at $71.37 on Friday. The company has a 50 day simple moving average of $63.71 and a 200 day simple moving average of $66.42. The firm has a market cap of $307.46 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO) last issued 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 net margin of 22.59% and a return on equity of 45.37%. On average, research analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The company 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 is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.86%. Coca-Cola’s dividend payout ratio (DPR) is presently 78.54%.

Analyst Upgrades and Downgrades

KO has been the topic of a number of analyst reports. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Thursday, February 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a research note on Thursday, February 6th. Piper Sandler reduced their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company increased their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and an average price target of $73.82.

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.