St. Johns Investment Management Company LLC Has $2.45 Million Position in The Coca-Cola Company (NYSE:KO)

St. Johns Investment Management Company LLC lowered its holdings in The Coca-Cola Company (NYSE:KO) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,969 shares of the company’s stock after selling 698 shares during the quarter. Coca-Cola comprises about 1.2% of St. Johns Investment Management Company LLC’s investment portfolio, making the stock its 22nd largest position. St. Johns Investment Management Company LLC’s holdings in Coca-Cola were worth $2,445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Key Client Fiduciary Advisors LLC raised its position in shares of Coca-Cola by 59.8% during the first quarter. Key Client Fiduciary Advisors LLC now owns 6,862 shares of the company’s stock worth $420,000 after acquiring an additional 2,567 shares during the last quarter. Sovereign Financial Group Inc. raised its position in shares of Coca-Cola by 9.5% during the first quarter. Sovereign Financial Group Inc. now owns 12,100 shares of the company’s stock worth $740,000 after acquiring an additional 1,049 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Coca-Cola during the first quarter worth $126,000. AHL Investment Management Inc. raised its position in shares of Coca-Cola by 1.2% during the first quarter. AHL Investment Management Inc. now owns 117,684 shares of the company’s stock worth $7,200,000 after acquiring an additional 1,338 shares during the last quarter. Finally, Brookstone Capital Management raised its position in shares of Coca-Cola by 67.4% during the first quarter. Brookstone Capital Management now owns 78,799 shares of the company’s stock worth $4,821,000 after acquiring an additional 31,740 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In other news, EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares in the company, valued at $10,358,962.93. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the transaction, the insider now owns 218,880 shares in the company, valued at approximately $13,644,979.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares in the company, valued at approximately $10,358,962.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 223,665 shares of company stock worth $13,995,465. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

KO opened at $64.05 on Thursday. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.36. The stock has a market cap of $275.92 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 3.61 and a beta of 0.59. The business has a 50 day moving average of $62.44 and a 200-day moving average of $60.69. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The company had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same period last year, the firm posted $0.68 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts expect that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.03%. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent research reports. BNP Paribas initiated coverage on Coca-Cola in a research report on Monday. They set an “outperform” rating and a $72.00 target price for the company. Evercore ISI upped their price objective on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. UBS Group upped their price objective on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley upped their price objective on Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, June 10th. Finally, JPMorgan Chase & Co. upped their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.83.

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.