St. Clair Advisors LLC Makes New Investment in The Coca-Cola Company (NYSE:KO)

St. Clair Advisors LLC purchased a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 50,817 shares of the company's stock, valued at approximately $3,164,000. Coca-Cola comprises about 0.9% of St. Clair Advisors LLC's investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors have also recently made changes to their positions in KO. Crowley Wealth Management Inc. bought a new position in Coca-Cola during the fourth quarter worth $27,000. Mainstream Capital Management LLC bought a new position in Coca-Cola during the fourth quarter worth $31,000. Murphy & Mullick Capital Management Corp bought a new position in Coca-Cola during the fourth quarter worth $38,000. Hoey Investments Inc. boosted its position in Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after purchasing an additional 181 shares during the period. Finally, MilWealth Group LLC bought a new position in Coca-Cola during the fourth quarter worth $40,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Insiders Place Their Bets

In other Coca-Cola news, insider Nikolaos Koumettis sold 54,708 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the transaction, the insider now owns 246,909 shares of the company's stock, valued at approximately $17,520,662.64. The trade was a 18.14% 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 the business's stock in a transaction dated Monday, February 24th. The stock was 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 90 days, insiders sold 462,407 shares of company stock valued at $32,990,056. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Trading Up 0.6%

KO opened at $72.01 on Monday. The Coca-Cola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a 50-day simple moving average of $70.88 and a 200 day simple moving average of $66.78. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $309.93 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 3.79 and a beta of 0.47.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. Coca-Cola's revenue was down .7% compared to the same quarter last year. Analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's payout ratio is 81.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KO shares. Morgan Stanley lifted their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Cfra Research raised shares of Coca-Cola to a "strong-buy" rating in a research report on Tuesday, April 15th. DZ Bank raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Thursday, February 13th. Finally, Evercore ISI lifted their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $75.59.

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.

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