ST Germain D J Co. Inc. Has $1.51 Million Stake in The Coca-Cola Company (NYSE:KO)

ST Germain D J Co. Inc. reduced its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 17.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,058 shares of the company's stock after selling 4,382 shares during the quarter. ST Germain D J Co. Inc.'s holdings in Coca-Cola were worth $1,508,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Tallon Kerry Patrick bought a new stake in shares of Coca-Cola in the fourth quarter worth $241,000. Brighton Jones LLC grew its holdings in Coca-Cola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after acquiring an additional 4,591 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Coca-Cola in the 4th quarter worth about $24,472,000. Revolve Wealth Partners LLC increased its position in shares of Coca-Cola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after purchasing an additional 293 shares during the last quarter. Finally, KPP Advisory Services LLC lifted its position in shares of Coca-Cola by 16.0% during the fourth quarter. KPP Advisory Services LLC now owns 4,564 shares of the company's stock worth $284,000 after purchasing an additional 628 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KO shares. Evercore ISI upped their price objective on Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Royal Bank of Canada boosted their price target on Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Piper Sandler raised their price objective on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Wells Fargo & Company boosted their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley raised their price target 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. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $75.81.

Insider Buying and Selling

In other news, CFO John Murphy sold 88,658 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the transaction, the chief financial officer now owns 205,511 shares in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nikolaos Koumettis sold 55,500 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the transaction, the insider now owns 246,909 shares in the company, valued at $17,533,008.09. This represents a 18.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 496,164 shares of company stock valued at $35,671,587. Company insiders own 0.97% of the company's stock.

Coca-Cola Trading Down 0.7%

Shares of Coca-Cola stock traded down $0.48 on Thursday, reaching $70.89. 12,462,407 shares of the company were exchanged, compared to its average volume of 15,767,024. The Coca-Cola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm has a market capitalization of $305.11 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock has a fifty day moving average price of $71.41 and a 200-day moving average price of $67.45.

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 (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.88%. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

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.