St. Johns Investment Management Company LLC Has $1.39 Million Holdings in CocaCola Company (The) (NYSE:KO)

St. Johns Investment Management Company LLC reduced its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 50.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,342 shares of the company's stock after selling 19,937 shares during the period. St. Johns Investment Management Company LLC's holdings in CocaCola were worth $1,385,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KO. Peachtree Investment Partners LLC lifted its holdings in shares of CocaCola by 1.4% during the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock worth $697,000 after buying an additional 157 shares in the last quarter. Braun Bostich & Associates Inc. grew its stake in shares of CocaCola by 3.8% in the first quarter. Braun Bostich & Associates Inc. now owns 4,308 shares of the company's stock valued at $309,000 after acquiring an additional 159 shares in the last quarter. Fort Sheridan Advisors LLC increased its position in CocaCola by 3.3% during the fourth quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock worth $311,000 after acquiring an additional 161 shares during the period. Excalibur Management Corp raised its stake in CocaCola by 0.6% in the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock worth $1,831,000 after purchasing an additional 161 shares in the last quarter. Finally, Consolidated Portfolio Review Corp raised its stake in CocaCola by 3.1% in the 1st quarter. Consolidated Portfolio Review Corp now owns 5,480 shares of the company's stock worth $392,000 after purchasing an additional 166 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Price Performance

NYSE KO traded down $0.55 during trading on Wednesday, hitting $69.66. 12,536,081 shares of the company's stock were exchanged, compared to its average volume of 16,001,740. The company has a market cap of $299.84 billion, a PE ratio of 27.86, a P/E/G ratio of 3.66 and a beta of 0.46. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The stock's 50 day moving average price is $71.42 and its two-hundred day moving average price is $68.17.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. Research analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.93%. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Insider Activity

In related news, CFO John Murphy sold 88,658 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the transaction, the chief financial officer now owns 205,511 shares in the company, valued at $14,815,287.99. This trade represents a 30.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the sale, the chief executive officer now owns 275,946 shares in the company, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 415,387 shares of company stock worth $29,923,985. Insiders own 0.90% of the company's stock.

Analyst Ratings Changes

KO has been the topic of several recent research reports. UBS Group raised their target price on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Cfra Research raised CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Royal Bank Of Canada raised their price objective on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, Piper Sandler increased their target price on CocaCola from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, CocaCola currently has a consensus rating of "Buy" and a consensus target price of $76.27.

CocaCola 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.