St. Johns Investment Management Company LLC Sells 693 Shares of CocaCola Company (The) $KO

St. Johns Investment Management Company LLC cut its position in CocaCola Company (The) (NYSE:KO) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,649 shares of the company’s stock after selling 693 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in CocaCola were worth $1,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KO. Brighton Jones LLC grew its stake in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after buying an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of CocaCola by 3.4% during the fourth 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. GAMMA Investing LLC grew its holdings in shares of CocaCola by 19.0% during the first quarter. GAMMA Investing LLC now owns 83,231 shares of the company’s stock worth $5,961,000 after purchasing an additional 13,261 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in CocaCola by 1.5% in the first quarter. Oppenheimer & Co. Inc. now owns 150,236 shares of the company’s stock valued at $10,760,000 after acquiring an additional 2,258 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC boosted its holdings in CocaCola by 7.6% in the first quarter. Walkner Condon Financial Advisors LLC now owns 5,140 shares of the company’s stock valued at $368,000 after acquiring an additional 365 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on KO. UBS Group cut their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. Wells Fargo & Company cut their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, BNP Paribas reiterated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat.com, CocaCola has a consensus rating of “Buy” and a consensus price target of $77.23.

CocaCola Stock Performance

NYSE KO opened at $71.22 on Wednesday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The firm has a market cap of $306.51 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 3.57 and a beta of 0.43. The company has a fifty day moving average price of $67.80 and a 200-day moving average price of $69.70.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $11.40 billion during the quarter. As a group, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.51 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. CocaCola’s dividend payout ratio is presently 72.34%.

About CocaCola

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.