St. Johns Investment Management Company LLC Decreases Position in The Coca-Cola Company (NYSE:KO)

St. Johns Investment Management Company LLC trimmed its holdings in The Coca-Cola Company (NYSE:KO) by 1.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,163 shares of the company’s stock after selling 399 shares during the period. Coca-Cola accounts for about 1.3% of St. Johns Investment Management Company LLC’s holdings, making the stock its 20th biggest holding. St. Johns Investment Management Company LLC’s holdings in Coca-Cola were worth $2,814,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KO. Kathmere Capital Management LLC boosted its position in shares of Coca-Cola by 15.2% during the 1st quarter. Kathmere Capital Management LLC now owns 4,922 shares of the company’s stock valued at $301,000 after acquiring an additional 648 shares during the last quarter. Occidental Asset Management LLC boosted its holdings in Coca-Cola by 6.0% in the 1st quarter. Occidental Asset Management LLC now owns 8,418 shares of the company’s stock valued at $515,000 after purchasing an additional 477 shares during the last quarter. First Bank & Trust grew its stake in shares of Coca-Cola by 19.8% in the 1st quarter. First Bank & Trust now owns 27,984 shares of the company’s stock valued at $1,712,000 after buying an additional 4,631 shares during the period. Vicus Capital increased its holdings in shares of Coca-Cola by 66.2% during the 1st quarter. Vicus Capital now owns 8,979 shares of the company’s stock worth $549,000 after buying an additional 3,576 shares during the last quarter. Finally, Coston McIsaac & Partners raised its position in shares of Coca-Cola by 1.1% during the 1st quarter. Coston McIsaac & Partners now owns 98,562 shares of the company’s stock valued at $6,029,000 after buying an additional 1,040 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Coca-Cola news, EVP Lisa Chang sold 58,122 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total transaction of $3,981,938.22. Following the transaction, the executive vice president now owns 74,067 shares of the company’s stock, valued at approximately $5,074,330.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Bruno Pietracci sold 38,653 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $69.01, for a total transaction of $2,667,443.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lisa Chang sold 58,122 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total transaction of $3,981,938.22. Following the transaction, the executive vice president now directly owns 74,067 shares in the company, valued at $5,074,330.17. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 319,005 shares of company stock worth $22,198,147. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Bank of America upped their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Morgan Stanley dropped their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Truist Financial increased their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.80.

Coca-Cola Trading Down 0.6 %

Shares of NYSE:KO opened at $66.92 on Friday. The company has a market cap of $288.42 billion, a PE ratio of 27.09, a P/E/G ratio of 3.91 and a beta of 0.60. The company’s 50 day moving average is $70.66 and its two-hundred day moving average is $66.02. The Coca-Cola Company has a 52 week low of $55.10 and a 52 week high of $73.53. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. Coca-Cola’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS. Equities analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, November 29th. This represents a $1.94 annualized dividend and a dividend yield of 2.90%. Coca-Cola’s dividend payout ratio is presently 78.54%.

About Coca-Cola

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.