St. Johns Investment Management Company LLC lowered its position in Coca-Cola Company (The) (NYSE:KO) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,802 shares of the company’s stock after selling 684 shares during the period. Coca-Cola Company (The) comprises about 1.7% of St. Johns Investment Management Company LLC’s portfolio, making the stock its 13th largest position. St. Johns Investment Management Company LLC’s holdings in Coca-Cola Company (The) were worth $2,234,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC grew its position in Coca-Cola Company (The) by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares during the period. SRS Capital Advisors Inc. grew its position in Coca-Cola Company (The) by 8.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after buying an additional 264 shares during the period. Perkins Coie Trust Co grew its position in Coca-Cola Company (The) by 21.9% during the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after buying an additional 572 shares during the period. Welch Investments LLC grew its position in Coca-Cola Company (The) by 26.5% during the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after buying an additional 733 shares during the period. Finally, Feltz Wealth PLAN Inc. bought a new position in Coca-Cola Company (The) during the first quarter valued at about $150,000. Institutional investors own 64.62% of the company’s stock.

KO has been the subject of several research reports. Sanford C. Bernstein set a $49.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Tuesday, July 11th. Credit Suisse Group restated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. UBS AG increased their price target on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Friday, July 28th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Coca-Cola Company (The) currently has an average rating of “Hold” and an average price target of $46.12.

In related news, insider Mark Randazza sold 24,156 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the completion of the transaction, the insider now directly owns 26,567 shares in the company, valued at approximately $1,222,347.67. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Edward Long sold 26,470 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $45.88, for a total value of $1,214,443.60. Following the transaction, the insider now owns 45,393 shares of the company’s stock, valued at $2,082,630.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,835 shares of company stock valued at $16,874,246. 1.51% of the stock is currently owned by corporate insiders.

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Shares of Coca-Cola Company (NYSE KO) traded up 0.22% during midday trading on Thursday, hitting $45.60. 3,587,016 shares of the stock were exchanged. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.98. The firm’s 50 day moving average price is $45.72 and its 200-day moving average price is $44.66. The stock has a market cap of $194.50 billion, a P/E ratio of 48.15 and a beta of 0.70. Coca-Cola Company (The) also saw some unusual options trading on Monday. Investors purchased 7,760 put options on the company. This represents an increase of 284% compared to the average daily volume of 2,020 put options.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The firm’s revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. On average, equities research analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

Coca-Cola Company (The) Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

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